November 30, 2023: The Hiranandani Group has launched Eleva, a pan-India consultant service-led business model to provide development, construction, design, marketing and sales-oriented solutions to other real estate players.
According to this service-fee revenue model, Eleva by Hiranandani Group will operate in the capacity of a consultant to the landowners/developers with clear land titles and statutory approvals in place. The company will provide strategic project development solutions through guidance, and recommendations. As per the company’s statement, it will ensure the seamless execution of the project to be delivered within the stipulated timelines.
Additionally, the group will also evaluate the possibilities to associate with stalled or stressed projects bearing the potential feasibility to be operational through expertise extended by the Hiranandani Group under Eleva Vertical. The new offering from the Hiranandani Group will enable the firm to expand its geographical footprint, strengthen the brand’s market presence and also generate additional revenue streams.
Niranjan Hiranandani, founder and managing director of Hiranandani Group, said, “The real estate industry is witnessing a rising trend of space and service integration. Through this newly introduced business model, we aim to forge new collaborations in this era of competition, and leverage on our expertise that will enhance the customer value proposition. With innovation at the core, this new business model will support the partner developers with strategic and operational advisories to build better homes and provide quality living to their customers.”
The first project under Eleva spans across 3.33 lakh sqft of development in Andheri West. It comprises three towers of 33 storeys each, housing a mix of spacious 2 and 3 BHK homes. The premium 2 BHK home will range from 765 to 960 sqft, whereas 3 BHK will be spread across 1,170 sqft.
The ticket size for 2 BHK homes will range between Rs 3 crore to 3.7 crore and from Rs 4 crore to 4.5 crore for the 3 BHK variant. The project has received approvals from RERA and will be delivered in December 2028 as per RERA timelines.
(Logo used on the featured image is the sole property of Hiranandani Group)
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With 16+ years of experience in various sectors, of which more than ten years in real estate, Anuradha Ramamirtham excels in tracking property trends and simplifying housing-related topics such as Rera, housing lottery, etc. Her diverse background includes roles at Times Property, Tech Target India, Indiantelevision.com and ITNation. Anuradha holds a PG Diploma degree in Journalism from KC College and has done BSc (IT) from SIES. In her leisure time, she enjoys singing and travelling.
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