To the Customer Community!

Happy New Year 

As we embark on a new year, I am taking this opportunity to share my insights into decoding India’s growth story. I believe India is a housing deficit nation. It’s time for the real estate sector to drive India’s economy to 5 trillion. In 2024, India’s real estate industry will flourish due to domestic consumption and structural reforms. By leveraging the right strategy and governance, India can create a better future for its citizens. 

India’s Real Estate Overview –

The Indian economy has emerged as a beacon of sustained growth and opportunity in dynamically evolving world economies. The country’s GDP is forecast to grow by 7% this year despite western economic stress. Real estate is predicted to contribute 15% to GDP from 7%, while maintaining its status as the second biggest job creator, according to Niti Aayog. Several compelling factors like rapid urbanization, a mega infrastructure network, favourable demographics, rising consumer income, growth of aspirational homebuyers, a huge influx of institutional investments, and upbeat capital markets, combine to make Indian real estate a compelling sector.

Current Market Dynamics- 

Indian real estate market continued to propel despite headwinds like geopolitical turmoil, fluctuating oil and currency rates, and high inflation. The sales velocity for mid & luxury housing ascended to record levels, indicating that better quality homes are high in demand. The demand and production for affordable housing dampened due to high interest costs for credit borrowing and soaring raw material costs, home prices have increased 10-12% across key Indian property markets as developers shifted the gears post market consolidation.

Next Big Bet? PANVEL

City of dreams ‘Mumbai’ has long been an important hub for urban real estate development. This financial city’s expanding boundaries have led to the emergence of Mumbai NXT i.e.- Panvel – Karjat corridor. Infrastructure projects like Navi Mumbai International Airport, Mumbai Trans-Harbour Link and Panvel-Karjat rail corridor will redefine the livability quotient at Mumbai NXT. Panvel is on the cusp of a revolution,  emerging as the upcoming economic hub in the near future.. Thus, this ideal location offers several compelling reasons that make it a highly desirable location for families, businesses, and individuals.

Hiranandani Fortune City 

Hiranandani Fortune City, Panvel township is mindfully designed to pivot serene, sophisticated, and secure living experience. A habitable township masterfully crafted to indulge statuesque residential towers, modern commercial and vivacious retail space. Luxury Hiranandani homes here are adorned in neoclassical architecture embodying elegance, majestic beauty, and picturesque living.

Residents of the township will reminisce about its enjoyable living experience with a galore of leisure amenities designed to enhance their quality of life. Its proximity to a 25-acre reserve forest emphasizes the township’s commitment to sustainable green living.

Your Gateway to ‘Mumbai NXT’ 

We would like to invite all the discerning homebuyers to experience the prideful living at Hiranandani Fortune City-a home that embodies a well-balanced lifestyle. A holistic living that fosters one’s ‘Health, Wealth & Happiness’ quotient. An opportunity to become an innate member of the extended Hiranandani family and be a testimony to unabated growth of Hiranandani Legacy at ‘Mumbai NXT’.