Niranjan Hiranandani, a leading Indian real estate tycoon, offers a glimpse into his opulent 25,000-square-foot penthouse in Mumbai. The sprawling residence, featured in a recently released video tour, showcases the pinnacle of luxury living, a stark contrast to the often-criticized housing conditions and infrastructure challenges prevalent in the city. The video, titled “You Won’t Believe What’s Inside Hiranandani’s 25,000 Sq Ft Luxury Penthouse,” has garnered significant online attention. It provides a captivating look at panoramic views of Powai and Vihar lakes, a unique feature highlighting the penthouse’s prime location.
Hiranandani’s journey is intrinsically linked to his vision for improving Mumbai’s urban landscape. His early experiences with inadequate infrastructure in areas like Andheri’s Lokhandwala Complex fueled his ambition. He recounted the challenges of poor roads, drainage, and lack of basic amenities, stating, “The roads were bad, and the stormwater drain was not there. There were no street lights, there was no water supply or sewage lines, nothing.” This prompted him to develop Hiranandani Gardens in Powai, transforming a desolate quarry into a self-sufficient township complete with well-maintained roads, effective drainage, and abundant greenery. He even noted that the area enjoys a temperature approximately 2°C cooler than the rest of the city, a testament to his thoughtful urban planning. The project, initially met with skepticism, ultimately proved to be a transformative success.
Beyond the opulence of his penthouse, Hiranandani offered insightful advice on homeownership. He emphasized the importance of viewing a home purchase as both a place to live and a long-term investment, advocating for homeownership regardless of location. He further advised potential buyers to prioritize a manageable monthly payment schedule, a substantial down payment, and a thorough assessment of their ability to afford the associated EMIs (Equated Monthly Installments). This perspective underscores his understanding of the financial realities of homeownership and the significant role housing plays in securing one’s future.