India’s real estate industry has seen exponential growth in the last year. In spite of Brexit and new foreign policies of the new US president, Indian real estate industry has gained momentum on international and national investments into the market. A major catalyst for this rising trend is the change in structural reforms and more streamlined foreign direct investments. The growth and development of this sector translates into growth and development of Tier – I cities as well as Tier-II cities. Developers like Lodha, DB, Hiranandani, etc. are racing each other to deliver their best for metropolitan cities of the country.
Lodha Group is a well renowned name in the Indian real estate market with its presence in India’s top cities and ventures in international real estate development. Lodha Group has an established presence in Mumbai, Hyderabad, Pune and now London. Apart from quite a handful of residential and commercial projects under their belt, what really puts them on the map is undertaking what will be the tallest residential only structure in the world – The World Towers. Lodha Group is one of the principal influencers of the skylines of Indian Metropolitan cities. The group has a very diverse portfolio in terms of development avenues from developing neighborhoods like New Cuffe Parade to developing the country’s first greenfield smart city – Pallava in Dombivli. Such initiatives in newer technologies and techniques are what defines a developing company’s contribution to the overall lifestyle improvement of the people and defining the skyline of cities.
DLF or Delhi Land Finance is almost synonymous with commercial real estate development in India. Based in Delhi, DLF is the largest commercial real estate developer in the country. They started as residential developers and made a number of well known residential colonies in Delhi like Shivaji Park, Greater Kailash and Hauz Khas. After the government of Delhi pushed private developers out of the city, DLF moved to procuring land outside the city in the district of Gurgaon around mid-1970s and developed a number of residential and commercial projects there. Kushal Pal Singh, the head of the company is the richest property developer in the world and has been 98th richest man in the world on the Forbes’ List of Richest Billionaires. DLF has developed a number of commercial projects in cities like Gurgaon, Hyderabad, Kolkata, Chandigarh and Chennai.
Mumbai based Real Estate Developers, DB Realty Ltd. are a well renowned name in the real estate industry with an ever increasing portfolio. They have various residential and commercial properties along with cluster redevelopment and mass housing projects in Mumbai and Pune. One of DB Realty’s ventures in construction and development is a project called Vision Mumbai. The aim of this project is to tackle challenges the city of Mumbai faces in an urban development context. They have developed strategies to build sustainably and intelligently as a part of Vision Mumbai of which community engagement, urban renewal and philanthropy are main objectives. DB Realty is developing community housing to provide shelter for the homeless. Other initiatives like developing the Bandra side promenade on the Bandra Worli Sea Link are encouraging community engagement and developing sustainable solutions to reclamation areas and uplifting the city’s skyline holistically.
From the most popular hair dye to collaborating with ISRO’s mission to Mars, Godrej as a brand has always been a reliable name in our country. As a company, their products and services are innovative and unprecedented. Likewise, Godrej Properties is based on the same principles of innovative and sustainable technology. This Mumbai-based company is currently developing a variety of residential and commercial projects spanning across the country. Godrej Properties has also developed and continues to develop township projects across major cities in India including Mumbai, Pune, Bengaluru, Hyderabad, Ahmedabad and many more. Along with exceeding at developing real estate projects, the group also caters to sociological and environmental problems. As a part of their Good and Green initiative, the group aims at collaborating with NGOs to create employable workforce, to conserve nature as we know it and to innovate products that are efficient and sustainable. Planet Godrej, one of the tallest buildings in Mumbai, demonstrates the group’s policies of innovation and sustainability as out of the 9 acres of property land, 8 acres are devoted to landscaped open areas. Godrej Air, Godrej One, Godrej Garden City and Godrej Prakirti are just some of the many of their innovative residential, commercial and township projects across India.
When you think Hiranandani, you think iconic, landmark townships that greatly impact the skyline of cities. Hiranandani has developed residential and commercial properties while upping the lifestyles and standards of living as it goes. Using avant-garde technologies and bold design elements, Hiranandani has developed a style of its own kind. They are a leading real estate brand in India and are known for developing mixed use township projects in up and coming locations around Mumbai – Powai and Thane. Hiranandani Gardens in Powai and Hiranandani Meadows and Hiranandani Estate in Thane are the group’s landmark township projects. These projects are best known for their iconic architectural style and the practicality with which the group has executed the construction. The buildings were designed ahead of their time considering international building codes much before they were implemented in India. Mr. Niranjan Hiranandani and Mr. Surendra Hiranandani, co-founders of the group are driven with a desire to revolutionize the real estate story in India. Niranjan Hiranandani is often credited as the person who’s changing Mumbai’s skyline. Along with developing townships around Mumbai, the group has boldly ventured into international real estate industry with a 90 storied residential tower in Dubai.
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Story : Ar. Swati Sharma