In the latest Hiranandani news, Niranjan Hiranandani, the co-founder and managing director of the Hiranandani Group, has announced plans to launch a Real Estate Investment Trust (REIT) within the next 6 to 12 months. The proposed office REIT is set to include a portfolio of approximately 7 million square feet of commercial real estate located within the Hiranandani Group’s integrated developments in Powai and Thane, both key locations within the Mumbai Metropolitan Region (MMR). This REIT will not only showcase the group’s impressive portfolio of commercial properties but will also provide investors with a new avenue for exposure to Hiranandani’s high-quality, income-producing real estate assets.

The launch of the REIT aligns with the Hiranandani Group’s continued focus on innovation and diversification within the real estate sector. As part of its long-term vision, the company has also seen strong growth within its data center business, led by its subsidiary Yotta. Investors have shown significant interest in Yotta, the group’s pure-play data center arm, and the revenue generated from Yotta is projected to equal or surpass that of the group’s residential real estate business within the next few years. This marks a significant shift in the group’s business model, capitalizing on the growing demand for digital infrastructure, and positioning the Hiranandani Group at the forefront of the data center industry in India.

The REIT and data center initiatives highlight the forward-thinking approach of Niranjan Hiranandani to business, as he continues to lead the Hiranandani Group toward new opportunities in the real estate and technology sectors. As the group expands into these high-growth areas, it is poised to remain a key player in both the traditional real estate and emerging infrastructure markets. For more insights and updates on these ventures, stay tuned to the latest Hiranandani news.