Mumbai – Mumbai-based real estate major, the Hiranandani Group, has announced its plans to achieve a 15–20% growth in the financial year 2025–26. The company aims to realize this ambitious target through a series of strategic launches and diversification into high-potential real estate segments, including residential, commercial, hospitality, industrial, and data centers.
A key highlight of the group’s expansion strategy is the proposed launch of a large-scale, hospitality-centric township in Alibaug. Scheduled for launch in September 2025, the 225-acre development is expected to feature a mix of luxury villas, serviced apartments, plotted developments, waterfront hotels, and water-sports zones. The project is designed to cater to the rising demand for leisure homes and tourism-driven investments in the coastal belt near Mumbai.
In addition to its focus on second-home destinations like Alibaug, Hiranandani Group is also pursuing urban redevelopment projects within Mumbai. The company is planning to initiate four redevelopment projects this year, two of which are already in advanced planning stages. However, despite strong demand in the mid and premium segments, redevelopment in Mumbai remains a challenging prospect due to high costs. According to the group, nearly 50% of the revenue from sales in redeveloped buildings is consumed by development premiums, stamp duties, and other regulatory charges, making viability a serious concern.
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The residential market, particularly in the affordable segment, has witnessed a slowdown. Demand for affordable homes dropped by 20–25% in FY25. In contrast, the mid and upper housing segments have performed steadily, registering around 12% growth year-on-year between April 2024 and March 2025. This shift in buyer preference has prompted the group to recalibrate its offerings in favor of more premium developments.
On the commercial front, the group has reported sustained demand for Grade-A office spaces, with high occupancy levels continuing across its properties. This is expected to trigger residential spillover demand in adjoining micro-markets over the next 6 to 12 months. The company is also actively expanding its footprint in the industrial and warehousing sector through its joint venture, GreenBase, with Blackstone. Currently managing 480 acres across cities like Pune, Chennai, Bhiwandi, and Vasai, the JV is set to launch two new industrial parks this year.
In the data center space, Hiranandani Group has invested over ₹7,000 crore in facilities across Navi Mumbai, Panvel, and Greater Noida. These projects are part of the group’s broader push to capture emerging opportunities in India’s growing digital infrastructure landscape.
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Despite regulatory challenges and demand fluctuations in certain segments, the company remains optimistic about its FY26 performance. Its diversified portfolio, which now spans residential, commercial, industrial, hospitality, and technology infrastructure, is expected to provide a solid foundation for growth.
The Hiranandani Group’s strategic focus on lifestyle-driven projects, coupled with its expansion into logistics and data services, positions it well to meet evolving market demands and sustain its momentum in the coming financial year.
