Hiranandani Group and Krisala Developers Announce ₹7,000 Crore Integrated Township in Pune

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Hiranandani Group and Krisala Developers Forge ₹7,000 Crore Joint Venture for a 105-Acre Township Near Pune

The Hiranandani Group, a leading name in Indian real estate, has partnered with Pune-based Krisala Developers to develop a massive 105-acre integrated township in North Hinjewadi. This ambitious project, valued at ₹7,000 crore, is set to redefine luxury living and commercial development in Pune’s rapidly expanding real estate market.

Facilitated by Colliers India, this strategic collaboration brings together the extensive brand legacy of Hiranandani Group and the local expertise of Krisala Developers. The township will be developed under Pune’s integrated township policy, ensuring a seamless blend of residential, commercial, and retail spaces.

Key Highlights of the Township Project

Location: North Hinjewadi, Pune

Total Land Area: 105 acres

Total Investment: ₹7,000 crore

Phase 1 Investment: ₹500 crore

Projected Topline for Phase 1: ₹2,100 crore

Total Development Potential: 2 million sq. ft. (Phase 1), 6-7 million sq. ft. (Total Project)

Property Types: Luxury villas, apartments, branded residences, commercial hubs, and retail spaces

Completion Timeline: 10 yearsx

Joint Venture Equity Split: 50-50 between Hiranandani and Krisala Developers

Phase 1 Development – A Grand Beginning

The first phase of this township spans 30 acres and is estimated to generate ₹2,100 crore in revenue. It will feature 2 million sq. ft. of real estate development, incorporating modern apartments, villa plots, and branded residences that cater to diverse buyer segments, including first-time homeowners, investors, and NRIs.

With an initial investment of ₹500 crore, Phase 1 will set the foundation for what is expected to become a landmark mixed-use development in Pune.

A Vision for Luxury, Sustainability, and Connectivity

According to Hiranandani Group, this township is designed to meet the aspirations of modern homebuyers by offering world-class amenities, sustainable urban planning, and cutting-edge infrastructure.

“This strategic joint development aims to combine the strengths of both companies. Krisala Developers brings deep market knowledge and local execution capabilities, while Hiranandani Group contributes its brand credibility and large-scale development expertise,” the company said in a statement.

The project is expected to include:

Luxury Villas & Apartments – Spacious homes with top-tier amenities.

Branded Residences – Premium living spaces with high-end features.

Commercial & Retail Spaces – Office spaces, malls, and high-street retail hubs.

Recreational & Green Spaces – Parks, landscaped gardens, clubhouses, and wellness centers.

Additionally, the development will focus on sustainability by collaborating with energy and resource institutes to maintain an Air Quality Index (AQI) of 40, ensuring a healthier environment for residents.

Why Pune’s North Hinjewadi is a Prime Location?

North Hinjewadi has emerged as one of Pune’s fastest-growing real estate hubs, thanks to:

Proximity to IT Parks – Close to Rajiv Gandhi IT Park and multiple corporate hubs.

Excellent Connectivity – Easy access to Mumbai via the Mumbai-Pune Expressway.

Metro & Infrastructure Development – Upcoming metro lines will further enhance last-mile connectivity.

Booming Real Estate Demand – Rising demand for premium homes among professionals and investors.

Niranjan Hiranandani, Chairman of Hiranandani Group, emphasised the importance of connectivity in driving this township’s success:

“Mega infrastructure projects between Mumbai and Pune are enhancing real estate opportunities in both regions. This seamless connectivity meets the demands of a growing talent pool seeking aspirational living.”

Expansion Beyond Pune – Alibaug & Mumbai Markets

Beyond this township, Hiranandani Group has significant expansion plans:

Alibaug Development: The company is set to launch a project in Alibaug on its 250-acre land parcel.

Mumbai Market Entry: Krisala Developers announced plans to enter Mumbai’s real estate sector through redevelopment projects.

These ventures align with the companies’ long-term vision of capitalising on high-growth micro-markets through strategic collaborations and sustainable developments.

Final Thoughts: A Game-Changer for Pune Real Estate

The Hiranandani-Krisala township marks a significant milestone in Pune’s urban development. With an emphasis on luxury, sustainability, and seamless connectivity, this project is poised to become a landmark in Pune’s evolving real estate landscape.

As RERA approvals are underway, the project is expected to be officially launched in the next 3-4 months, bringing a new wave of investment opportunities and premium living spaces to the city.