|Hiranandani Palace Gardens, Chennai|
Hirco creates value by combining location with infrastructure, thus providing India’s new real estate consumer – the large and growing middle class – an unsurpassed living environment; Indian and international companies a world-class business environment; and retailers access to affluent consumers with disposable incomes.
Hirco locates its township developments on large, undeveloped parcels of land – each amounting to hundreds of acres – in well-connected suburbs near major cities.
Through this approach we retain the location advantages a major city offers, such as access to an international airport, rail and road networks, talent pool, leisure facilities and commercial services.
Increasing urbanization has greatly strained the infrastructure of India’s major cities and towns.
The scale of the undeveloped site enables Hirco to develop high-quality local infrastructure and services from scratch with a single unified vision and to the highest world-class standards.
We create everything in the self-contained township from the ground up: both the infrastructure – roads, electrical power, telecommunications backbone, water and sanitation – and a complete, well-connected suburban community encompassing all facets of daily life – modern offices and residences, schools, hospitals, hotels, retail centres, recreation facilities, gardens, and large parks.
A Tradition of Excellence
As the investment vehicle for Hiranandani, Hirco is building on Hiranandani’s 25-year heritage and unrivalled brand reputation as India’s pioneering and pre-eminent developer of quality mixed-use developments. To date, Hiranandani has built over 30 million square feet of mixed-use residential townships for India’s fast growing middle class. More than 100 global businesses have established offices in Hiranandani townships.
Hirco is continuing to seek out attractive opportunities to invest in multi-purpose townships in the suburbs of India’s major metropolitan cities. Hirco has a strong investment pipeline and going forward expects to make further investments representing significant value.
Each proposed project investment is subject to a full due diligence investigation, including an appraisal of the relevant land valuation from a leading, independent, international property valuer.
All investments are subject to review and final approval by the Investment Committee of Hirco’s Board of Directors. The Committee is comprised of three of the Company’s four independent non-executive directors.