A business leader with the desire to rewrite India’s real estate story, Niranjan Hiranandani is arguably, India’s ‘builder extraordinaire’, the person credited with changing Mumbai’s skyline shares his prominence in establishing a realm in an interview with SAIMIK SEN
One among the Top 100 richest Personalities in India and global Billionaires, Mr. Niranjan Hiranandani, the Indian Property Tycoon has conjured miracles and has virtually revolutionized the real estate industry.
– The man who started his First Business In weaving textiles has woven yarns of cemented Towers.
‘Builder Extraordinaire’ as they call you, with almost 37 years of indispensable contribution in the industry, how has your journey been.
The journey has been very good, significantly there has been an upward march, but there also is a roller coaster in that journey, where I get to experience ups and downs, and I enjoy every part of it. Fortunately, the overall curve is going upwards.
What is the best and the worst thing about your job?
The best thing is the fact that I love it and the worst is that I have to go and sleep at the end of the day.
A project or Accomplishment that you consider to be the most significant in your career.
I consider my every last project as the most significant.
So every time I take up a new project I ensure to make it significant. Whether I construct a temple, hospital hotel, school or a commercial complex etc. everything excites me hugely.
It’s always about the next beautiful thing I like to make.
The leadership style you believe in
I am a workaholic. I believe in establishing marks by putting my best foot forward and contributing my heart and soul to it. I love to work.
My regular day starts at 6 with exercises in the gym and ends by 7.30 in the evening at office.
I have a complete day with exercise, healthy food and lots of hard work.
How do you define success and how do you measure up to your own definition?
I don’t worry to measure success. I just manage to do a good job every time.
I think success is seen from an external perspective. As far as I am concerned we continue to do good jobs every day, one may classify success or failure in financial terms. But i do many things which are not financially successful but I do endure satisfaction, name and fame or other things.
So I don’t see everything in terms of financial success or failure. I do jobs and they add on to the experiences, whether good or bad and prepare me for my future endeavors.
It’s more about the experiences you have rather than the successes and failures.
An example of when you failed at something. How did you overcome that failure?
Well it happens all the time. There might be thousands of such examples I can state. These might be with respect to delays in construction, approvals, market collapse, changes in investment and policies and so on
I don’t see these as real challenges. It’s just- one more challenge I seek to conquer
Social edge to it
I treat all my social things as a commitment.
I devote 1/3rd of my day’s daily time in non business activities. I look after 17 colleges, 8 schools, 2 hospitals, 3 temples with around 75000 students at large. I treat all these as highly essential component of my entrepreneurial presence, which are not rewarding in terms of financial gains but provides me with much more than that.
You now and then.
I will say now I am Full of more experiences.
On a lighter note “I do not make mistakes now, I only make blunders”.
My appreciable team and all the people I work with have contributed in redefining the same. Yes we do make mistakes, but that’s how we go on. We continue to be what we are and problems of everybody are equall to mine
Can government regulations and interventions help real estate industry mitigate future risks?
Basically government should see that they provide housing for all. This is an objective that unfortunately we are still seeking to achieve. Considering our basic needs “Roti Kapda and Makaan”, where Makaan has been over looked completely. It is an overtaxed situation where 21% of affordable housing is taken as taxes, which hampers our affordable housing concept. 55% of people still live in slums. Mumbai being one of the richest city, where nobody goes hungry at the end of the day, still has people sleeping on footpaths
By 2050 urban population will increase by 75%, and by 2025 Asia will be the fastest growing region. How Hiranandani group seeks to expand and cater to reverent needs of the society.
Mumbai has always experienced expansion in terms of migration population and the opportunity is never ending, if we seek to get into reconstruction for Mumbai. Hiranandani group seek to build better infrastructure, better house in coming years. We have initiated with contributing a mixed use township 27 years ago to proffer quality housing. Also we have contributed in terms of largest reuse plant and largest expanse of green spaces in Mumbai India. Redefining quality of life and reaching more and more people is our motive.
We are constantly making things better, faster, smarter or less expensive. In other words, we strive to do more with less. Tell me about the a recent project or solution to a problem that you have made better, faster, smarter or less expensive
We seek to do that for every Hiranandani construction.
We try to make every building better smarter and more environmental friendly.
We continue to do our best in order to deliver better quality of life to each person living in our construction.
If you were stranded on a deserted island, what is the 1 thing would you have and why?
I would love to have people.
Which is your most ideal vacation destination?
It keeps changing!
Tell me about your hobbies
Exercise, swimming, squash and yes going for movies and holidays with my wife and family.
I love socializing, because I love interacting with people. You tend to learn a lot and grow. I enjoy talking to students as much as I would with a colleague.
What is a Sunday to you?
Everyday is a Sunday to me! Where no two days are same.