Housing Market
Hiranandani expects festive-season residential sales to rise 10–12%
Niranjan Hiranandani expects residential sales to rise 10–12% during the 2026 Navaratri–Diwali festive season, after a similar increase in 2025. The forecast is an expectation, not a reported sales result, and does not specify a city, sales volume or revenue figure.
| Forecast | Residential sales growth of 10–12% during the 2026 festive season |
|---|---|
| Period | Navaratri–Diwali 2026 |
| Attributed to | Niranjan Hiranandani, chairman and managing director of Hiranandani Communities |
| Buyer segment | Mid-level and premium housing |
| Price range mentioned | Apartments priced at ₹2–5 crore |
| Comparison | Hiranandani said the 2025 festive season saw a similar increase |
A forecast, not a sales result
On October 13, 2026, the Financial Express reported that Niranjan Hiranandani expected residential sales to rise 10–12% over the Navaratri–Diwali period. He said the forecast followed a similar increase in 2025. As of October 15, 2026, the 2026 figure remains a forecast rather than a confirmed sales outcome.
The report did not identify a particular city or provide a sales-volume or revenue estimate. Hiranandani Communities develops integrated townships with residential, commercial, retail, healthcare, hospitality and education offerings.
Mid-level and premium homes in focus
Hiranandani said he expected mid-level and premium housing to perform well. He pointed to buyers choosing apartments priced at ₹2–5 crore and said festive-season growth could come from “a combination of steady volumes and higher average ticket sizes.” He also cited demand for larger homes, better amenities and projects offering stronger long-term value.
The report described property sales as lukewarm for much of 2026, while bookings during Ganesh Chaturthi and Onam had raised developers’ hopes for the Navaratri–Diwali period. It also noted market pressures from rising costs and high unsold inventory. Those conditions provide context for the forecast; they do not establish that sales have risen.
What it means for buyers and investors
The forecast signals Hiranandani’s expectation of stronger festive-season demand, particularly in mid-level and premium housing. It is not a guarantee of sales growth, a reported company result or guidance for a specific local market. Buyers and investors should distinguish the stated market outlook from completed transactions.
No specific sales-reporting date or subsequent company action was announced in the coverage. The forecast concerns the 2026 festive period.
Frequently asked questions
What sales growth does Hiranandani expect?
Niranjan Hiranandani expects residential sales to rise 10–12% during the 2026 festive season.
Which period does the forecast cover?
It covers the Navaratri–Diwali 2026 festive period.
Is the 10–12% increase a confirmed result?
No. It is an expectation reported on October 13, 2026, not a reported sales result.
Which housing segments does Hiranandani expect to perform well?
He said mid-level and premium housing should perform well, and referred to buyers choosing apartments priced at ₹2–5 crore.
Did Hiranandani identify a city for the forecast?
The forecast was not tied to a particular city.