Pune: In a landmark move, Niranjan Hiranandani Group has announced its entry into Pune’s real estate market through a 105-acre joint development partnership with Krisala Developers. The project, located in North Hinjewadi, will be developed under the Integrated Township Policy, encompassing residential, commercial, and retail spaces designed for modern urban living.
The project’s first phase, covering 30 acres, is expected to deliver 3 million square feet of real estate with an estimated investment of ₹500 crore and a projected turnover of ₹2,100 crore. The township will include a mix of apartments, villa plots, branded residences, and premium recreational amenities, catering to a wide spectrum of homebuyers, from first-time buyers to NRIs and investors.
This strategic collaboration brings together Krisala Developers’ deep-rooted local expertise and the Hiranandani Group’s legacy of innovation in real estate. The partnership aims to ensure a seamless integration of design, execution, and infrastructure development, setting a new benchmark in integrated townships.
Dr. Niranjan Hiranandani, Chairman, Hiranandani Group, emphasized the role of large-scale infrastructure projects in driving real estate expansion: “The rapid infrastructural connectivity between Mumbai and Pune is transforming both markets, fueling demand for high-quality housing. Pune’s IT hubs, world-class connectivity, and influx of skilled professionals make it a prime location for real estate development. Strategic collaborations and innovative developments like this township will play a crucial role in shaping the future of urban living in India.”
Aakash Agarwal, Managing Director, Krisala Developers, highlighted the township’s focus on sustainability and liveability: “Our township is designed as a self-sustained, future-ready ecosystem that prioritizes community well-being and environmental responsibility. From smart urban planning to green building practices, we are committed to setting new benchmarks in sustainable real estate. Through partnerships with renowned energy and resource institutes, we aim to maintain an air quality index (AQI) of 40, ensuring a healthier and more sustainable living environment.”
