The Hiranandani Group has started a new service called Eleva to help landowners and builders with their projects. Eleva will give advice and solutions for property development.
This Mumbai-based initiative won’t invest more money for now. Instead, it plans to offer various services like building, design, marketing, and sales tips to other real estate companies across India.
Niranjan Hiranandani, the group’s founder, thinks there’s a big need for these services in the market. He mentioned getting requests to help a bank with sales and to finish an ongoing project.
They won’t spend more money on this because they already have what they need. However, they might hire more people depending on the workload.
Their first project is to advise on a big development in Mumbai’s Andheri West area. It includes three towers with two- and three-bedroom apartments. Prices range from Rs 3 crore to 3.7 crore for two-bedroom homes and Rs 4 crore to 4.5 crore for three-bedroom ones. This project should be done by December 2028.
On another note, the SWAMIH Investment Fund, which helps finish stalled affordable housing projects, has completed 23,000 homes since it started three years ago. They plan to finish 20,000 more homes by the end of the year, reaching a total of 43,000 homes across different cities.
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