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Mumbai real estate major Hiranandani: Link to BVI, trust with $60 million in assets

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Mumbai real estate major Hiranandani: Link to BVI, trust with  million in assets

Niranjan Hiranandani, founder of the Mumbai-based real estate giant Hiranandani Group, and key members of his family are all beneficiaries of trusts with assets of more than 60 million U.S. dollars. Niranjan is the “backup director” of at least three companies founded by his son in Dubai in the British Virgin Islands (BVI), which are listed in the Pandora documents investigated by the Indian Express.

The British Virgin Islands Business Companies Act provides for the appointment of a reserve director to take action in the event of the death of the sole director of the company. According to Trident Trust Company records researched by the Indian Express, Hiranandani’s 39-year-old son Darshan Hiranandani founded at least 25 companies and served as directors between 2006 and 2008. The Solitaire Trust founded the BVI.

In the following years, the equity of these companies was transferred to The Solitaire Trust, which has assets of more than US$60 million, in May 2017. In response to an e-mailed question from India Express, Darshan Hiranandani said: “Since 2007, my personal trust has established assets. All funds remitted to the trust are sent by me.”

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Trident Trust records show that Hiranandanis is the beneficiary of The Solitaire Trust Darshan Hiranandani is also one of the beneficiaries of the trust, his father Niranjan, mother Kamal, sister Priya, Hiranandani Foundation and the client’s issues (offspring). Darshan is the director of most BVI companies he founded before 2008, but his father Niranjan is the “backup director” of at least three of them: Hircon (BVI) Limited, Horizon Hotels (BVI) Limited and Burke Consolidated.

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DTC to start electric buses from 3 Delhi ISBTs to Noida airport by May end

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DTC to start electric buses from 3 Delhi ISBTs to Noida airport by May end

The buses will start and currently serve Greater Noida and Jewar, even though the airport is probably not going to be operational by May By the end of May, the Delhi Transport Corporation (DTC) plans to begin operating electric buses from the Capital to the soon-to-be Noida International Airport (NIA) in Jewar, according to officials. The buses will begin at.

Delhi’s three Inter State Bus Terminals (ISBTs) — Maharana Pratap ISBT at Kashmere Gate, Swami Vivekanand ISBT at Anand Vihar, and Veer Hakikat Rai ISBT at Sarai Kale Khan — and currently serve Greater Noida and Jewar, even though the airport is probably not going to meet the May deadline to be operational The Delhi Transport Corporation (DTC) is set to launch.

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Electric bus services connecting Delhi’s Inter-State Bus Terminals (ISBTs) to the upcoming Noida International Airport (NIA) in Jewar by the end of May 2025. This initiative aims to enhance connectivity between the national capital and the new airport, providing a March 2025, DTC and NIA signed operate thesesustainable and efficient mode transportation for.

Key Features of the Service

  • Routes and Terminals: The electric buses will operate from three major ISBTs in Delhi: Maharana Pratap ISBT at Kashmere Gate, Swami Vivekanand ISBT at Anand Vihar, and Veer Hakikat Rai ISBT at Sarai Kale Khan. Initially, these buses will serve areas in Greater Noida and Jewar, catering to the March 2025, DTC and NIA signed an MoU to operate these demand for public transport in these regions.
  • Memorandum of Understanding (MoU): In March 2025, DTC and NIA signed an MoU to operate these bus services, formalizing the collaboration between the two entities The fleet will consist of air-conditioned, low-floor electric buses equipped with modern amenities, including GPS tracking, CCTV cameras, panic buttons, and broad aisle spaces to accommodate luggage. These features aim to ensure.
  • Commuters passenger safety and comfort during transit While the exact fare amounts are yet to be finalized, discussions are ongoing in consultation with the Yamuna Expressway Industrial Development Authority (Yeida), which manages the Jewar area. The authorities aim to establish a cost-effective fare structure for commuters The bus services will initially be deployed on a pilot basis. Depending demand.

Additional Considerations

  • Infrastructure Development: A four-kilometer stretch of road that will be part of the bus route is not fully developed yet. DTC has reached out to Yeida to ascertain the usability and development timeline of this segment to ensure seamless operations. and passenger feedback, routes may be adjusted, and the number of buses increased to better serve commuters this, the bus services will begin as scheduled.
  • Airport Operational Timeline: Although the NIA was expected to commence operations by mid-May 2025, it is likely to miss this deadline due to ongoing construction work. Despite this, the bus services will begin as scheduled, providing connectivity to the surrounding areas in the interim providing connectivity to the surrounding areas in the interi This initiative reflects DTC’s commitment to.
  • Enhancing public transportation infrastructure and promoting eco-friendly travel options in the National Capital Region. By introducing electric buses on this route, the corporation aims to offer a reliable and sustainable alternative for commuters traveling between Delhi and the upcoming Noida International The Delhi Transport Corporation (DTC) is set to commence electric bus services.
  • connecting Delhi’s Inter-State Bus Terminals (ISBTs) to the upcoming Noida International Airport (NIA) in Jewar by the end of May 2025. This initiative aims to provide eco-friendly and convenient transportation options for commuters traveling between Delhi and the new airport NIA was expected to commence.
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