Chennai Real Estate Revealed: Dr. Hiranandani Discusses Hiranandani Parks & Real Estate Market

In a revealing and insightful YouTube interview titled "Chennai Real Estate Revealed: Dr. Hiranandani Discusses Hiranandani Parks & Real Estate Market", India's real estate stalwart, Dr. Niranjan Hiranandani, shares his expert take on Chennai's growing property landscape, township living, and the future of urban housing.

From transforming Powai in Mumbai to developing the sprawling Hiranandani Parks in Oragadam, Chennai, Dr. Niranjan Hiranandani continues to redefine the urban experience. In this video, he discusses why Oragadam was chosen as the site for this 380-acre township, emphasizing the area's growing connectivity, upcoming infrastructure like the new airport, and its status as an industrial hub.

Hiranandani Parks: A Benchmark in Township Living

The township concept has gained momentum in Indian real estate, and Hiranandani Parks is a shining example. With world-class amenities, a beautiful temple, landscaped gardens, consistent water supply, schools, hospitals, and a commercial zone all available from day one, the project offers unparalleled convenience.

"Everything should be ready when the buyer moves in," says Dr. Niranjan Hiranandani, highlighting the essence of quality and planning that goes into every square foot of the township.

A Township That Redefines Urban Living

The conversation in the video emphasizes how Real Estate is no longer about standalone buildings but about creating complete ecosystems. Hiranandani Parks features not only residential units like villas, apartments, and plots but also hospitals, shopping zones, banking facilities, and educational institutions—all operational from day one.

As Dr. Niranjan Hiranandani puts it, “The quality of life over here in Hiranandani Parks, Oragadam, in Chennai is probably the best one could have anywhere in the world.” The township is designed to cater to the needs of every generation, including plans for senior living, making it a truly inclusive urban habitat.

Why Oragadam, Why Now?

Oragadam is Chennai's emerging growth corridor. Its proximity to major industrial hubs, expressways, and the upcoming airport has transformed it into a magnet for both residential and rental housing. According to Dr. Niranjan Hiranandani, over 60% of the rentals in Hiranandani Parks are occupied by foreigners working in nearby factories, driving rental yields to over 6%—among the highest in Chennai.

This rental boom, coupled with a growing demand for plotted developments, villas, and multi-storey apartments, makes Oragadam a hotspot for real estate investment.

Chennai Real Estate: Bright Prospects Ahead

During the video, Dr. Niranjan Hiranandani expresses optimism about Chennai's real estate future. He points out the city's strengths—education, healthcare, connectivity, and an investor-friendly environment. He emphasizes the importance of policy execution and infrastructure development, stating that Tamil Nadu has what it takes to remain competitive among Indian states.

"Execution is key," he notes, commending the state government's township policies which align with large-scale developments like Hiranandani Parks.

Real Estate Then vs. Now

With over 40 years in the industry, Dr. Niranjan Hiranandani reflects on how the real estate sector has evolved. He highlights the availability of home loans, reduced interest rates, the corporatization of the sector, and the emergence of REITs (Real Estate Investment Trusts) as major shifts that have improved transparency and access.

"Today, a 25-year-old can walk into a bank and get a loan based on future income," he says, underscoring the democratization of housing finance.

Focus on Both Ownership and Rental Housing

A strong advocate for housing for all, Dr. Niranjan Hiranandani stresses the need to support rental housing alongside ownership models. He has proposed increasing tax deductions on home loan interest from the current INR 2 lakhs to INR 5 lakhs to make housing more accessible for the middle class.

He also supports incentives for rental housing, especially dormitory-style accommodations for industrial workers—a progressive idea that aligns with sustainable urbanization.

Guiding the Next Generation of Real Estate Entrepreneurs

For aspiring developers and real estate entrepreneurs, Dr. Niranjan Hiranandani offers practical wisdom: "Put yourself in the shoes of the customer." His advice centers around empathy, quality, and long-term vision—principles that have helped him build one of India’s most respected real estate brands.

India’s Real Estate Growth Story

With a projected 8% GDP growth and increasing infrastructure projects—such as the construction of 35+ km of national highways per day—India’s real estate market is set to expand rapidly. According to Dr. Niranjan Hiranandani, real estate in India is expected to grow at a compounded rate of over 15% in the coming years.

This makes now an ideal time to explore opportunities in markets like Chennai, particularly in well-developed projects like Hiranandani Parks.

FAQs

What makes Hiranandani Parks in Oragadam a unique investment opportunity?

With world-class infrastructure, proximity to industrial zones, and high rental yields, Hiranandani Parks stands out as one of the most attractive real estate investments in Chennai.

How has Dr. Niranjan Hiranandani contributed to the Indian real estate sector?

A pioneer in township living and quality construction, he has transformed areas like Powai and now Oragadam, shaping urban development with a long-term vision.

Is Chennai’s real estate market a good investment today?

Yes, Chennai is experiencing rapid infrastructure growth and industrial expansion, making it a hotbed for real estate investments.

What is Dr. Hiranandani’s view on rental housing?

He advocates for incentivizing rental housing, especially for industrial workers, to complement the goal of housing for all.