By Staff Reporter
29th November 2023, Mumbai: Hiranandani Group, a globally renowned name for its quality
and envisioned development, introduces Eleva, a pan-India consultant service-led business
model to provide development, construction, design, marketing, and sales-oriented solutions
to other real estate players. Under the aegis of Real Estate Doyen, Dr. Niranjan Hiranandani,
Founder and Managing Director of Hiranandani Group, the company aims to expand its real
estate footprint, leverage brand equity, and extend its development expertise to other real estate
developers with this new offering.
Under this service-fee revenue model, Eleva by Hiranandani Group will operate in the capacity
of a consultant to the landowners \ developers with clear land titles and statutory approvals in
place. The company will provide strategic project development solutions through guidance,
and recommendations. It will ensure the seamless execution of the project to be delivered
within the stipulated timelines. Additionally, the group will also evaluate the possibilities to
associate with stalled or stressed projects bearing the potential feasibility to be operational
through expertise extended by Hiranandani group under Eleva vertical.
The new offering from Hiranandani Group will enable the firm to expand its geographical
footprint, strengthen the brand’s market presence, and also generate additional revenue
streams. Establishing this innovative service model is intended to enhance the overall quotient
of housing dynamics across the country.
Commenting on the same. Dr. Niranjan Hiranandani, Founder and Managing Director of
Hiranandani Group said “The real estate industry is witnessing a rising trend of space and
service integration. Through this newly introduced business model, we aim to forge new
collaborations in this era of competition, and leverage on our expertise that will enhance the
customer value proposition. With innovation at the core, this new business model will support
the partner developers with strategic and operational advisories to build better homes and
provide quality living to their customers.”
The group has bagged its first project under Eleva, spanning across 3.33 lac sq. ft of
development in Andheri West. It comprises 3 towers of 33 storeys each, housing a mix of
spacious 2 & 3 BHK homes. The premium 2 BHK home will differ in sizes from 765 to 960
sq. ft, whereas 3 BHK will be spread across 1170 sq. ft. The ticket size for 2 BHK homes will
range between INR 3 crore to 3.7 crore and from INR 4 crore to 4.5 crore for the 3 BHK variant.
The project has received approvals from RERA and will be delivered in December 2028 as per
RERA timelines.
The Indian real estate sector is currently undergoing a phenomenal transformation with creation
of new opportunities and business avenues. With the launch of Eleva model, Hiranandani
Group looks forward to capitalizing on this momentum that will act as an incubator to evolving
developers with an overarching vision of elevating housing in India.
