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.

Related Stories

Gold Stories

Next Story
Resources

K2 Infragen Appoints Virendra Kumar as Head – HR & Administration

K2 Infragen Limited has appointed Virendra Kumar as Head – HR & Administration, bringing nearly 25 years of experience in human resources, administration and organisational management to the company’s leadership team.In his new role, Kumar will oversee HR and administration functions, focusing on employee engagement, people practices, workplace culture and organisational efficiency. He will also align people-focused initiatives with the company’s business objectives and strengthen systems supporting employee and organisational growth.Kumar has held HR and administration roles at orga..

Next Story
Infrastructure Transport

Garuda Aerospace, Goa Partner to Train Women Drone Pilots

Garuda Aerospace has partnered with the Goa Information Technology Development Corporation (GITDC) and the Department of Information Technology, Electronics & Communications (DITE&C) to support the government’s broader ‘Drone Didi’ initiative in Goa.The programme aims to train 100 women every financial year and create 300 certified women drone pilots over three years, subject to statewide approval by DITE&C. The initiative seeks to strengthen rural livelihoods, encourage women-led entrepreneurship and develop a digitally skilled workforce.The first cohort of 12 women, recogni..

Next Story
Infrastructure Urban

Bondada Group Hosts ‘Bharat Unbound’ for Young Entrepreneurs

Bondada Group recently hosted ‘Bharat Unbound – Celebrating the Freedom to Dream, Create & Lead’ in Hyderabad, bringing together students and young entrepreneurs to discuss entrepreneurship, leadership, resilience and emerging opportunities in India.Held at Bondada House as part of the Group’s Independence Day celebrations, the event featured a fireside conversation with Dr Bondada Raghavendra Rao, Chairman and Managing Director, Bondada Group. He shared insights from his entrepreneurial journey and discussed how young people can use their freedom to pursue ideas, create opportunit..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement