Mid-luxury homes will drive demand in FY25: Hiranandani Group Chairman

Sanguine economic performance and positive market dynamics have resulted in upbeat sentiment among industry stakeholders, he says

The mega infrastructure projects transforming cities have catalysed demand for residential and commercial spaces, Niranjan Hiranandani, chairman of Hiranandani Group, a Mumbai-based realtor, tells Aneeka Chatterjee over email. Edited excerpts: 

Which segment is witnessing maximum growth: affordable, mid-segment or luxury?

Powered by sustainable home demand, Indian residential real estate has seen robust growth in the first quarter of 2024. Based on market research reports, it is clear that mid-luxury homes are maintaining a record-breaking spree of sales and property registrations across key markets. 

We anticipate demand for residential spaces to remain strong in FY25 due to the growth rally in mid-luxury homes. 

To capitalise