Hiranandani’s $240M Township in Pune
Real Estate

Hiranandani’s $240M Township in Pune

Mumbai-based Hiranandani Group has officially entered the Pune real estate market by sealing a joint development deal with Krisala Developers for a 105-acre integrated township project in North Hinjewadi.

The total land asset investment is valued at Rs 20 billion ($240 million), with an estimated revenue potential of Rs 70 billion ($840 million), according to a joint statement released.

The first phase, covering 30 acres, is set to deliver 3 million sq. ft. of residential, commercial, and retail spaces. Phase 1 investment is projected at Rs 5 billion ($60 million), with an expected turnover of Rs 21 billion ($250 million).

The township will feature apartments, villa plots, branded residences, and recreational amenities to enhance homebuyers’ lifestyles. The development aligns with Pune’s booming IT sector and improved connectivity with Mumbai, driving demand for premium housing.

“Mega infrastructure projects are establishing crucial last-mile connectivity between Mumbai and Pune, invigorating the dynamic MMR and Pune real estate markets. This connectivity directly addresses the aspirational living demands of migrating talent,” said Niranjan Hiranandani, Chairman, Hiranandani Group.

Founded 45 years ago, Hiranandani Group has delivered 48 million sq. ft. across various real estate segments, including data centers, industrial parks, and logistics hubs.

Aiming for sustainability, the township will maintain an air quality index (AQI) of 40, in collaboration with leading energy and resource institutes, said Aakash Agarwal, Managing Director, Krisala Developers.

With over 13 years in Pune’s real estate market and 2.3 million sq. ft. of completed projects, Krisala Developers brings local expertise, while Hiranandani Group lends its brand strength and execution capabilities.

Mumbai-based Hiranandani Group has officially entered the Pune real estate market by sealing a joint development deal with Krisala Developers for a 105-acre integrated township project in North Hinjewadi. The total land asset investment is valued at Rs 20 billion ($240 million), with an estimated revenue potential of Rs 70 billion ($840 million), according to a joint statement released. The first phase, covering 30 acres, is set to deliver 3 million sq. ft. of residential, commercial, and retail spaces. Phase 1 investment is projected at Rs 5 billion ($60 million), with an expected turnover of Rs 21 billion ($250 million). The township will feature apartments, villa plots, branded residences, and recreational amenities to enhance homebuyers’ lifestyles. The development aligns with Pune’s booming IT sector and improved connectivity with Mumbai, driving demand for premium housing. “Mega infrastructure projects are establishing crucial last-mile connectivity between Mumbai and Pune, invigorating the dynamic MMR and Pune real estate markets. This connectivity directly addresses the aspirational living demands of migrating talent,” said Niranjan Hiranandani, Chairman, Hiranandani Group. Founded 45 years ago, Hiranandani Group has delivered 48 million sq. ft. across various real estate segments, including data centers, industrial parks, and logistics hubs. Aiming for sustainability, the township will maintain an air quality index (AQI) of 40, in collaboration with leading energy and resource institutes, said Aakash Agarwal, Managing Director, Krisala Developers. With over 13 years in Pune’s real estate market and 2.3 million sq. ft. of completed projects, Krisala Developers brings local expertise, while Hiranandani Group lends its brand strength and execution capabilities.

Next Story
Infrastructure Urban

The Variation Challenge

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

Next Story
Infrastructure Urban

India Spent Rs 1.5 Tn on Smart Cities in Past 10 Years

The Indian government launched the Smart Cities Mission on June 15, 2015, with the goal of transforming urban infrastructure across the country. As of April 11, 2025, ten years since its inception, over Rs 1.5 trillion has been spent on 7,504 completed projects, representing 94 per cent of the total planned projects valued at more than Rs 1.64 trillion. An additional Rs 131.42 billion worth of projects are currently under implementation. According to data from SBI Research, 92 per cent of the funds were utilised across 21 major states, with Uttar Pradesh, Tamil Nadu, and Maharashtra together ..

Next Story
Infrastructure Energy

Hyundai’s EcoGram Converts Gurugram’s Waste to Clean Energy

Hyundai’s EcoGram, a biogas plant and material recovery facility located in Gurugram, Haryana, has been established to support circular economy initiatives. The facility collects both wet and dry waste from 20 bulk waste generators, including residential welfare associations (RWAs), corporate offices, and commercial complexes, with assistance from the Municipal Corporation of Gurugram (MCG). At the facility, the collected waste undergoes processing—wet waste is converted into biogas, which is then used to generate electricity, while dry waste is sorted for recycling. Since its inception,..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?