Lonavla-based luxury experiential resort brand Della Resorts & Adventure has announced a strategic collaboration with Hiranandani Communities and Krisala Developers under its proprietary CDDMO (Conceptualisation, Design, Development, Marketing and Sales, and Operations) model. The partnership aims to launch a racecourse-themed township in Pune, projected to generate revenue of approximately Rs 11 billion.

This unique, hospitality-driven, theme-based development introduces a new asset class in the real estate sector. According to the company, the model has the potential to deliver returns on investment (ROI) of up to 9 per cent — significantly higher than the conventional 3 per cent yields typically seen in residential real estate.

The planned township forms part of a 105-acre joint development previously announced by Hiranandani Communities and Pune-based Krisala Developers.

Jimmy Mistry, founder and chairman of Della Resorts & Adventure, stated that the CDDMO model aims to redefine real estate by transforming it from a conventional product into an immersive experience, and from a static asset into a dynamic, revenue-generating investment. He noted that for the first time, residential real estate is being positioned to offer returns that surpass traditional expectations, with assured ROI of up to 9 per cent.

Spanning 40 acres in Pune’s North Hinjewadi area, the township will feature an 8-acre racecourse and international polo club, along with 128 private villa plots, 112 resort private residences, a 300-key five-star luxury resort, nine wedding destination venues, 12 corporate and MICE venues, an extreme adventure park, the Della Range golf course, and wellness amenities. The design of the township will reflect a blend of contemporary, organic, and British colonial architectural styles.

The project is currently in the advanced stages of planning. While land acquisition has been completed and design work is underway, the first phase is set to launch within the next three months. Possession of resort and villa plots is expected early next year, while private residences are scheduled for completion by the end of 2026.

News source: Business Standard