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Income Tax Raids On Premises Linked To Real Estate Giants

The residences of several top officials were also raided (Representative)

New Delhi:

The Income Tax Department today raided several premises linked to real estate company Hiranandani Group on suspicion of tax evasion.

Searches are being conducted at around 24 locations, including the residences of several top officials, in Mumbai, Chennai and Bangalore, officials said.

Hiranandani Developers was founded in 1978 by two brothers – Niranjan Hiranandani and Surendra Hiranandani – and it has built many projects over the past four decades especially in Maharashtra.

Niranjan and Surendra Hiranandani also run separate real estate companies. While Niranjan Hiranandani is the founding chairman and managing director of the Hiranandani Community, Surendra Hiranandani is the chairman and director of the Hiranandani Hall.


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