When Dr. Niranjan Hiranandani and Surendra Hiranandani started building in 1978, the idea of a self-sustaining township with schools, hospitals, retail, offices, and residences woven into a single master plan was not how Indian real estate thought. Four decades later, that idea has replicated itself across Mumbai's geography in a traceable sequence. The addresses they created — Powai, Thane's Hiranandani Estate, Panvel, Chennai, Bengaluru — have become reference points that other developers spend their careers trying to approximate.
Ask anyone in Mumbai real estate to name one project that permanently changed what luxury residential meant in the city and the answer is almost always Hiranandani Gardens Powai. The 250-acre township arrived in a part of Mumbai that was considered peripheral and made it aspirational. If Powai was the proof of concept, Hiranandani Estate Thane was the ambition fully realised. At 375 acres, it is one of the largest integrated townships in the Mumbai Metropolitan Region. It sits on Ghodbunder Road, a corridor that transformed from a two-lane rural route into one of Thane's primary residential and commercial spines partly because Hiranandani's presence gave other developers, employers, and institutions the confidence to follow.
Hiranandani Fortune City Panvel is the most ambitious land bank play in the group's portfolio. The township is being developed on a scale that dwarfs even Thane, intended as a mixed-use integrated community that mirrors what Powai did for central Mumbai but serves the rapidly expanding Navi Mumbai and Panvel corridor instead.
Hiranandani Fortune City Panvel is an expansive integrated township spread across 588 acres, offering thoughtfully designed 1 BHK, 2 BHK, 3 BHK, and 4 BHK homes along with studio residences. It is the first integrated township in Mumbai NXT to deliver 19 towers and 2,000-plus apartments, with a ready Hiranandani Trust School, healthcare, retail, leisure, and commercial facilities. It offers natural scenic views with 100-plus acres of dedicated green spaces and is the only development of Mumbai NXT to boast hill, river, and forest views.
The township is designed as a mixed-use space offering opportunities for recreation, community interaction, and cultural expression. It is home to well-planned residences, retail stores, and office spaces at Hiranandani Business Park, living up to the philosophy of Live, Work, and Play. The township is surrounded by a reserve forest for a breath of fresh air.
The largest Hiranandani township to date, 19 towers have been launched in Panvel, 14 of which have received Occupancy Certificates, with 1,600 flats already offered for possession. Among the completed milestones, Hiranandani has handed over Forest Enclave — over 1,200 apartments — and Garden Enclave — over 1,100 apartments — at Hiranandani Fortune City, Panvel.
The township includes over 100 acres of open green space alongside 25 acres of neighbouring reserve forest, with views of the Barwai River and surrounding mountains. The community has also conserved a 200-year-old Shiva temple within its grounds. The Yotta Data Centre at Fortune City Business Park is fully operational and has been awarded the highest Tier IV certification in the industry.
Golden Willows at Hiranandani Fortune City brings 2 and 3 BHK Balcony Homes with views of hills, river, forest, or garden — each individual tower offering a different panorama. The cluster is set across 11 acres with 50% open space (5.2 acres), 70-plus new-age amenities, and 9 distinct zones. Golden Willows is a GEM 4 pre-certified green building, with all towers designed and constructed to green and eco-friendly standards.
The landscape is designed by Site Concepts International from Singapore, spanning 5.2 acres and featuring over 70 amenities across nine distinct zones, each catering to different lifestyles. The cluster comprises multiple towers — Acacia, Orchid, Jasmine, Lavender, Marigold, Iris, Aster, Zenia, and Mayflower — spanning configurations from 1 BHK through 4 BHK, all under construction.
The MahaRERA registrations for the Golden Willows towers within Hiranandani Fortune City are publicly traceable. Registered MahaRERA numbers include: Lavender P52000054615, Jasmine P52000055578, Zenia P52000055661, Aster P52000055662, Mayflower P52000054617, Orchid P52000050193, Acacia P52000050196, Iris P52000050194, and Marigold P52000054616.
Within the township, the Club Royale clubhouse spans 90,000 sq ft — described as the largest clubhouse in Mumbai 3.0. 19 retail stores including restaurants, groceries, a dairy, and a medical store operate within the township. Hiranandani Trust School, following the ICSE curriculum, is functional within the property, serving students from pre-primary to Grade VII.
Hiranandani Communities launched a residential project with an estimated top-line potential of Rs 1,100 crore in Panvel in June 2025. Named The Arena, it is located within Hiranandani Fortune City, spans over 10 acres, and will comprise eight towers with more than 1,700 residences. The first three towers in Phase 1 feature 600 premium 2 BHK units priced at Rs 1.31 crore, along with 3 BHK and 4 BHK units priced above Rs 1.77 crore, ranging from 730 sq ft to 1,900 sq ft.
The Arena offers premium 2, 3, and 4 BHK homes in a 10.19-acre sports-themed cluster. With 80% open spaces and a 5.3-acre landscaped amenity zone, residents have access to 80-plus lifestyle and sports amenities including cricket, pickleball, and yoga decks.
Panvel, part of Mumbai 3.0 and the Navi Mumbai International Airport Notified Area (NAINA), recorded 5,315 new sales transactions worth Rs 2,526 crore in Q1 CY25. Average residential prices in the region stood at around Rs 10,737 per sq ft during that period. The upcoming infrastructure developments are projected to propel property values in the Panvel-Karjat belt by an estimated 20–30% over the next 3–5 years. Current property prices in Panvel range between Rs 5,000–Rs 10,000 per sq ft — nearly one-tenth the price of South Mumbai — representing a distinct value gap relative to the infrastructure being built around the area.
The infrastructure arguments behind this corridor are concrete rather than speculative. Major infrastructure projects including the Mumbai Trans Harbour Link (MTHL), Navi Mumbai International Airport, freight corridors, suburban railway, and regional highway projects have positioned Panvel as a gateway to accelerated economic progress. The Missing Link Project connecting Mumbai with Pune is expected to reduce travel time to Pune by 30 minutes by bypassing the Lonavala Ghat. Metro Gold Line 8, connecting key nodes of the Mumbai Metropolitan Region to the international airports, is another planned addition to the area's transit grid.
The Navi Mumbai International Airport is expected to spur employment, attract global enterprises, and boost demand for residential and commercial real estate across Panvel. Hiranandani Fortune City, strategically located near the airport, is positioned to become a preferred address for professionals and businesses seeking proximity to it.
The township sits in a high-growth zone with civic-infrastructure investments of over Rs 66,000 crore planned or ongoing, supporting long-term connectivity improvements and property value appreciation.
Unlike many large township projects where the lifestyle promise remains distant, Hiranandani Fortune City has already delivered several residential phases including Forest Enclave and Garden Enclave, with thousands of apartments handed over. Hiranandani Business Park within the same campus brings commercial employment closer to residents in a way that genuinely reduces commute dependency.
Amenities within the township include a Gymnasium, Kids Play Area, Creche, Coffee Lounge, Yoga Studio, Spa and Salon, Party Hall, and an OPD Clinic run by Apollo Clinic. Water and electricity are managed by TUCO, with an in-township power sub-station; an MGL connection and sub-station are also present within the township. Hiranandani runs a shuttle service to urban centres and railway stations at fixed time periods for residents.
Hiranandani Trust School, located within the property, has been awarded the best pre-school of Navi Mumbai for the academic year 2022–2023, and today hosts nearly 150 students from the pre-primary section to Grade VII. The township is accessible via both the Mumbai-Pune Expressway and the Old Mumbai-Pune Highway (NH4), which run parallel to each other.