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Don’t expect property prices to fall much after demonetisation: Surendra Hiranandani

Known for its township projects in southern cities of India, Mumbai-based House of Hiranandani is now looking to focus on the commercial segment and venture into newer markets. In a chat with VCCircle, Surendra Hiranandani, chairman and managing director of House of Hiranandani, talks about the impact of demonetisation on real estate, mood of home buyers and the next phase of growth for the company. Edited excerpts:  Do you think demonetisation will weed out black money from the system, especially the real estate market? What are the advantages and disadvantages of the move from realty perspective? Demonetisation is undoubtedly a...

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House of Hiranandani is a real estate firm. It develops hospitality, residential and commercial projects in Chennai, Bangalore and Hyderabad. The firm s residential projects include apartments and commercial complexes. The company is based in Mumbai, Maharashtra.