Festive sales outlook puts focus on larger homes and buyer value
On October 13, 2026, Niranjan Hiranandani said he expected residential sales to increase by 10–12% during the Navaratri–Diwali festive season. The forecast concerns India’s housing market overall and is an expectation, not a report of sales already achieved.
Hiranandani, identified as chairman and managing director of Hiranandani Communities, said the projected rise would follow a similar increase during the 2025 festive period. For people considering a home purchase, his comments point to continued developer expectations for demand in mid-level and premium housing, particularly for larger homes and projects that buyers see as offering long-term value.
What is behind the forecast
Hiranandani expects mid-level and premium homes to perform well, with buyers choosing apartments priced between ₹2 crore and ₹5 crore. He attributed anticipated festive-season growth to a combination of steady sales volumes and higher average ticket sizes.
He also described a shift in what buyers seek: more space, better amenities and stronger long-term value. Those preferences may matter to prospective buyers weighing a larger home against its price, or comparing the features and perceived lasting value of available projects.
- Expected festive-season residential sales growth: 10–12%.
- Period covered: Navaratri–Diwali 2026.
- Price range highlighted: ₹2–5 crore apartments.
- Segments expected to perform well: mid-level and premium housing.
The broader market backdrop is mixed. Residential sales had been lukewarm for much of 2026, while bookings around Ganesh Chaturthi and Onam had encouraged developers to look ahead to the main festive period. Rising costs and high unsold inventory remain pressures in the market. Against that backdrop, the forecast is an indication of expected demand rather than confirmation that the anticipated growth has materialised.
Hiranandani’s development footprint
Hiranandani Communities describes its work as the development of integrated townships combining residential property with commercial, retail, healthcare, hospitality and education offerings. Its listed activity spans Powai and Panvel in Maharashtra, Khandala and Chennai, as well as an IFSC tower in Gujarat.
The wider Hiranandani Group says it was established in 1978 and is based in Mumbai. Among the developments listed by Hiranandani Communities are One Hiranandani Park in Thane and Hiranandani Parks in Oragadam, Chennai. Its portfolio also includes activity in Powai and Panvel. The range provides context for the group’s presence across housing and mixed-use development, while the festive sales forecast itself is not tied to a specific city or project.
What comes next
The forecast covers the Navaratri–Diwali 2026 period. Buyers and the market will be able to assess the outlook against actual festive-season sales once those results emerge; the comments do not announce a separate company action or a date for reporting results.