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The story of real estate mogul Niranjan Hiranandani, 71, is the story of Mumbai. A little bit of the maximum city’s chequered history, its evolution, and its challenges, can be pieced together in the choices that Niranjan, the son of Mumbai’s well-known ENT surgeon Dr Lakhumal Hiranand Hiranandani, made.
In a free-wheeling chat with AKADialog, Dr Niranjan, ranked by Forbes among the 100 richest Indians, shares his entrepreneurial journey, his leadership mantra, and his love for Mumbai.
When India gained independence, Mumbai was a ‘city of dreams’. Over the years, it has evolved in sync with global trends; manufacturing is no longer the biggest economic driver. Services sector has grown exponentially; BFSI and entertainment are growth drivers in a megalopolis which is a combination of New York & Los Angeles.
It has evolved through population-driven geographical growth. Now it is a larger entity which includes urban conglomerations. Business Hubs and CBDs have expanded and grown over different locations. Jobs are no longer south Mumbai based; housing zones have also evolved to meet requirements of different home buyers. Retail, entertainment and lifestyle-related real estate growth has made its presence felt.
It has been a journey which reflects in the changing skyline, much like the evolution story of all global mega cities. The harbour (shipping) remains its link to global trade even as air cargo (civil aviation) has kept a scorching pace of growth. Planned infrastructure growth will see the city evolve and grow, with the Metro lines; the trans-harbour link as also the coastal road as also the new airport in Navi Mumbai providing additional transport capacity to meet projected future growth trends.
The one thing which has not changed over the years is the ‘hard working ethic’ of residents and the ‘never say die’ spirit. Truly, Mumbai is a rocking city, one which has evolved in sync with global development.