Hiranandani Group is a Mumbai-headquartered developer whose reputation rests on large, planned residential townships rather than isolated towers. Its best-known addresses, including Hiranandani Gardens in Powai and Hiranandani Estate in Thane, were built around the idea that homes, schools, hospitals, green space and transport should arrive as one connected whole. That township logic is the lens through which its presence in MIHAN SEZ on the southern edge of Nagpur is worth reading.
The Group's current project in the zone is Hiranandani Krisala Plots Nagpur, a plotted offering inside MIHAN SEZ. Plots suit buyers who want to choose their own design, build over time, or hold land as a long-term asset, and they sit within a zone where the planning framework is set centrally by the Maharashtra Airport Development Company, the state body that developed MIHAN.
MIHAN covers 40.25 square kilometres at the southern end of Nagpur and combines an international airport, a Special Economic Zone and a residential zone. Its character is set by aviation and industry: the airport cargo terminal, factories and the IIM Nagpur campus anchor employment, and the residential stock is still developing. For a plot buyer, that combination means a planned zone with a clear economic base rather than a market driven only by speculation.
Land in the locality is quoted in the range of Rs 2,100 to 3,000 per square foot, according to current market listings. That band gives a buyer an entry point into a zone that is expected to add jobs as new units come online inside the SEZ, which is the central demand driver for plotted holdings here.
Market data for Mihan show a listed apartment average of around Rs 5,050 per square foot on a super built-up basis, within a range of roughly Rs 4,700 to 6,250. Registered transactions over the last year average about Rs 6,738 per square foot, across 257 transactions recorded by the Maharashtra government. Apartment prices in Mihan rose about 30 percent over the past year and about 17 percent over five years, while Wardha Road, the main artery nearby, recorded a steeper five-year gain of roughly 28 percent.
| Indicator | Mihan, Nagpur |
|---|---|
| Listed average apartment rate | Rs 5,050 per sq ft (super built-up) |
| Registered average transaction rate | Rs 6,738 per sq ft |
| Plot land rates | Rs 2,100 to 3,000 per sq ft |
| One-year apartment price change | About 30.4 percent |
| Five-year apartment price change | About 17.4 percent |
| Gross rental yield | About 4 percent |
The rental yield reflects steady demand from professionals at the airport, industrial units and hospitals, as well as students and healthcare workers who live close to their workplaces.
Wardha Road, National Highway 44, runs through the locality and gives it direct road access. The Outer Ring Road and the Nagpur to Hyderabad highway are both listed as connecting links, and Nagpur city centre lies about 12 to 15 kilometres away.
Metro access is one of the zone's clearest advantages. The Orange Line has run its Airport to Khapri stretch since 8 March 2019, and New Airport and Khapri stations both sit inside MIHAN. Khapri Railway Station is also within the zone. The Nagpur Metro network as a whole covers 37 stations over 38.2 kilometres.
Dr Babasaheb Ambedkar International Airport at Sonegaon sits within the MIHAN project area, about 8 kilometres from Sitabuldi. It handled 30,07,734 passengers in the April 2025 to March 2026 period, a rise of 3.9 percent, according to the Airports Authority of India.
For intercity travel, the 701 kilometre Samruddhi Mahamarg links Nagpur with Mumbai and has brought the journey to under eight hours. The new Outer Ring Road, 148 kilometres long and 120 metres wide, is planned to take freight traffic off the city's core roads.
The social fabric is anchored by institutions that draw families in. DPS Mihan and Mundle Public School are within the locality, and D Y Patil International School serves the children of MIHAN employees. Further schools named in the area include Montfort School, The Achievers School, Centre Point School, Jain International School and Podar International School.
All India Institute of Medical Sciences Nagpur is based in the wider MIHAN area, alongside Lata Mangeshkar Hospital, Swami Vivekanand Medical Mission, MIDAS Hospital, CARNA Hospital and Orange City Hospital and Research Institute, among others. IIM Nagpur, established in 2015, operates on its own campus within MIHAN.
Recreation is close at hand. Mihan Lake, Telhar Lake Picnic Spot and the Sonatakke Waterfall lie within the locale, and the zone includes a golf course, a flying club and a multiplex theatre complex. Employers including TCS, Infosys, HCL Technologies, Tech Mahindra, GlobalLogic and Hexaware have operations in MIHAN, which adds to the professional population that residents can draw on for schools, services and community life.
Several public works are shaping the next phase of the area. The Chinchbhuvan to MIHAN flyover is under construction and is expected to ease congestion and shorten commutes. Phase 2 of the Nagpur Metro adds 43.8 kilometres across four corridors at a total cost of Rs 6,706 crore, with a target completion of 2028, and civil work has begun on three of its four reaches.
A logistics park being developed by the Central Warehousing Corporation and MADC inside MIHAN, along with four logistics hubs along the Outer Ring Road corridor at Turagondi, Shirul, Parsad and Itgaon, will widen the zone's employment base beyond aviation. The authority has also commissioned an advanced fire station at Jamtha to protect the high-value assets of MIHAN SEZ.
A buyer considering Hiranandani Krisala Plots Nagpur is buying into a zone whose growth rests on airport traffic, a metro that already runs, an SEZ attracting employers, and public investment still in progress. The Group's township experience in Mumbai and Thane suggests a focus on planned layouts and integrated amenities, and the locality's own social infrastructure is building around that same pattern. Resale and rental prospects will depend on how quickly the planned roads, metro extension and logistics hubs reach completion, so the timeline of those works is the most useful thing to track alongside the plot itself.