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Surendra Hiranandani
Mr Surendra Hiranandani, Founder and Managing Director of House of Hiranandani has the unparalleled distinction of transforming barren land into some of India’s most vibrant life spaces. He has always envisioned change in the real estate landscape of India and the dynamic aspirations of the people. His perception and a core team of assiduous individuals are the very reason why we are an admired and enduring name within the real estate sector.

However, what make him standout are his core values towards changing the face of real estate and bringing to life the dream of creating holistic living spaces. Mr Hiranandani has the unique gift of blending aesthetic beauty with practicality and sustenance that reflects across our integrated communities in Bangalore, Chennai and Hyderabad.

Owing to his architectural acumen, our life spaces are now the preferred choice of discerning customers who are increasingly opting for well planned luxurious living. Today, House of Hiranandani has carved a niche for itself and is synonymous with innovation, quality construction, transparency, superior design and adherence to delivery schedules.

Some of his revolutionary achievements range from the introduction of copper plumbing in India, to the use of fly ash in concrete. He has been globally recognized for his contribution to the real estate sector with numerous awards and invitations at key seminars where he proliferated issues along with the achievements of the industry and its stakeholders.

The American Concrete Institute honored him for his excellence and contribution to the field, particularly for adapting the best in foreign technology to the skills of India's engineering and labour artistry. The Indian Plumbing Association conferred upon him a fellowship in recognition of his contributions to the plumbing profession. He is also an eminent member of Royal Institution of Chartered Surveyors.

His initiatives in Horticulture and conserving the environment have consistently improved the quality of life of the residents. He is a pioneer in introducing indigenous species of trees and shrubs into the fabric of urban communities.

Mr. Hiranandani is also associated with various charitable trusts across the country. He is the President of the Unaided Schools Forum and is the Managing Trustee of House of Hiranandani Foundation which runs two of Mumbai's best schools at Powai and Thane. His keen interest in improving the quality of Healthcare is evidenced by the fact that he is the Managing Trustee of Dr. L.H. Hiranandani Hospital, a multi-speciality hospital at Powai.
Surendra Hiranandani
Awards
  • India Chapter of American Concrete Institute
    In appreciation of his sustained contribution to the housing industry – in the year 2004
  • Liberty Smart Living Awards
    Indian house owner’s verdict – hamara ghar – India’s most preferred builder – 2005-2006
  • Accommodation Times
    For establishing benchmark construction standards – year 2003 award.
  • Conferred fellowship of Royal Institution of Chartered Surveyors.
  • Indian Plumbing Association
    Fellowship in recognition of his contributions to the plumbing profession
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Locations : Bengaluru | Chennai | Mumbai | Hyderabad
Projects : Bannerghatta | Devanahalli | Hebbal | Egattur, OMR | Thaiyur | Chembur | Shankarpally
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Information on TDS

The Finance Act, 2013 introduced a new section 194IA, which mandates tax withholding of 1 percent (1%) by the transferee (i.e. Buyer) on credits or payments (whichever is earlier) made to a transferor (i.e. seller) in relation to the transfer of immovable property, being land (other than agriculture land) or a building or part of the building, if the consideration for such a transfer of property is Rs 50 lacs or more. The said section is effective from 1st June, 2013.

In light of the above, the buyer is required under Section 194 IA of the Income Tax Act, 1961, to deduct the withholding tax of 1 percent (1%) in respect of credits or payments made to the seller, whichever is earlier, from 1st June, 2013 and deposit the same with the statutory authorities and produce the copy of the challan to the seller for its records. The credit of the amount so deposited would be given to the buyer only when the seller has ensured that the tax so paid has been correctly reflected in 26AS Statement of the Company.

For the PAN number of your seller, and in this case, the Company through which a contract for transfer of immovable property has been entered into, please contact your relationship manager, or customer service agent.

To know more about the Section 194 IA of Income Tax Act 1961, and to pay the tax through e-payments, please follow the link mentioned below which will help educate you on the process and steps to be followed to make tax payments online.

http://www.slideshare.net/swetasingh89/e-tutorial-tds-on-property-22598141