Is Location Really Important in Real Estate? Dr. Niranjan Hiranandani Explains

In the ever-evolving world of real estate, one factor has consistently remained at the forefront of decision-making: location. Whether you’re a homebuyer, an investor, or a developer, the location of a property often defines its value, potential, and desirability. But in today’s world, where cities expand rapidly and infrastructure projects reshape urban boundaries, one might ask — is location still as crucial as it once was?

Dr. Niranjan Hiranandani, one of India’s most respected voices in real estate and co-founder of the Hiranandani Group, answers this very question in his insightful YouTube video titled "Is Location Really Important in Real Estate?". With decades of experience and a visionary approach to urban development, Dr. Niranjan Hiranandani shares how location has always been — and continues to be — a foundational pillar of the real estate sector, but with a twist shaped by evolving dynamics.

The Eternal Relevance of Location

“Location is always relevant,” says Dr. Niranjan Hiranandani. In the traditional sense, people have always sought properties close to city centers, business hubs, educational institutions, and healthcare facilities. This hasn’t changed. However, what Dr. Hiranandani emphasizes is how location itself can be created — not just discovered.

He illustrates this with examples from cities like Chennai and Mumbai. Consider OMR (Old Mahabalipuram Road) in Chennai. What was once an underdeveloped stretch has transformed into a major IT corridor, thanks to industry interest and government-backed infrastructure. Similarly, Oragadam, once an industrial belt, is now emerging as a new destination due to factors like industrial expansion and proposed airport development.

In his video, Dr. Niranjan Hiranandani highlights how infrastructure drives location creation. When governments or private players invest in connectivity — bridges, metros, highways, or airports — they open up entire new areas for development. The strategic placement of infrastructure shifts the value of land, often overnight, turning an unknown pin on the map into a real estate hotspot.

How Governments and Industries Shape New Locations

A significant takeaway from the video is the power of policy and infrastructure planning in defining tomorrow’s prime locations. “Governments, private entities, businesses, and local authorities can create locations,” states Dr. Niranjan Hiranandani.

A prime example is the bridge across the Mumbai harbor. By connecting the city more efficiently to emerging suburbs, it slashed travel time and elevated the value of previously overlooked land. This is a classic case of infrastructure redefining the meaning of 'good location.' What was once considered too far or inconvenient suddenly becomes desirable.

Dr. Niranjan Hiranandani points out that this isn’t unique to India. Across the world, new cities and urban centers have emerged because of business incentives or government planning. Whether it's the creation of Amaravati as the new capital of Andhra Pradesh or the industrial townships in Telangana, new locations are being birthed every year — shaped by ambition, planning, and execution.

The Relationship Between Location and Opportunity

So what does this mean for investors and homebuyers? According to Dr. Niranjan Hiranandani, it means opportunity lies not just in established locations, but in emerging ones. Savvy buyers and developers look beyond the obvious and identify where the next big leap will happen.

Understanding the government's infrastructure pipeline, upcoming metro networks, and industrial corridors is crucial. As Dr. Niranjan Hiranandani elaborates, locations are no longer static. They evolve based on how cities grow and how industries expand.

Take Oragadam once more. While it was previously known only for its industrial relevance, the upcoming airport project and increasing residential development are turning it into a lifestyle destination. Such transformation stories are what Dr. Niranjan Hiranandani urges the real estate community to focus on.

Visionary Urban Planning: The Hiranandani Way

Throughout his career, Dr. Niranjan Hiranandani has practiced what he preaches. He has built townships that weren’t just buildings, but ecosystems. Powai in Mumbai, for instance, was once considered a peripheral location. Today, it’s among the most sought-after residential and commercial destinations — thanks to visionary development and meticulous planning.

Dr. Niranjan Hiranandani’s developments don’t just ride the wave of location; they help create it. By building world-class infrastructure, schools, hospitals, offices, and public spaces within his projects, he sets benchmarks for what new urban centers can look like. His understanding that “location can be created” has allowed him to redefine entire neighborhoods.

Creating the Future Through Location Intelligence

The concept of location intelligence — using data and forecasting to determine where growth will occur — is another unspoken theme in Dr. Niranjan Hiranandani’s message. While location has always mattered, the way we define a good location has changed. It’s no longer about proximity to today’s landmarks, but about proximity to tomorrow’s opportunities.

Whether it’s metro connectivity, SEZs (Special Economic Zones), or new expressways, a good investor now looks at what the future holds. And this is where Dr. Niranjan Hiranandani's guidance becomes invaluable. With years of experience and successful projects to his name, he offers a roadmap to understanding real estate growth through the lens of foresight and planning.

Conclusion: Location Is Still King — But It Can Be Crowned

To sum up, Dr. Niranjan Hiranandani reinforces the age-old real estate mantra — location, location, location — while simultaneously giving it a modern twist. Location still matters, but it’s not just about what's already there. It's about what can be created through smart planning, infrastructure investment, and government policy.

For those who want to stay ahead in real estate — whether you're an investor, developer, or end user — it’s crucial to think like a visionary. Identify the locations of tomorrow by understanding the forces that shape them today. As Dr. Niranjan Hiranandani explains, the next big real estate destination might just be where infrastructure, industry, and intent align.