Hiranandani Group's presence on the outskirts of Nagpur marks a new city for a developer that has spent more than four decades building in Mumbai, Thane, Chennai, and more recently Pune. Krisala Developers, led by Managing Director Aakash Agarwal, announced a major expansion into Nagpur in collaboration with Hiranandani Group, with the two developers jointly planning a 105-acre plotted development marking the first large-scale initiative of its kind in the region. For a group that built its name on integrated townships in Mumbai's western suburbs, entering central India's largest city through a plotted format on its outskirts is a deliberate read of where Nagpur's growth is actually happening.
Established in 1978, Hiranandani Group is one of the most prestigious real estate developers based in Mumbai, built around the idea of creating self-sufficient and enduring townships. Projects like Hiranandani Gardens in Powai and Hiranandani Estate in Thane are among the developments that shaped the group's approach to urban planning, architecture, and amenity-led living. That same integrated-township playbook is now being extended to newer geographies. In February 2025, Hiranandani Group announced its foray into the Pune real estate market by inking its first-ever joint development deal of 105 acres with Krisala Developers, for a project located at North Hinjewadi and developed under the Integrated Township Policy, comprising residential, commercial, and retail development. The Nagpur plotted development follows the same partner and a similar land scale, effectively repeating a model the group has just tested in Pune.
Aakash Agarwal described the new Nagpur plotted development as located about 40 minutes from the city's airport, in an area surrounded by natural features such as lakes and hill terrain, with the development set to introduce Nagpur's first golf course and be designed by one of India's top architects. He noted that this is the first time Nagpur will witness a plotted development of this scale, calling it Hiranandani's debut in the city with a unique theme being planned for the project. The choice of a plotted rather than a high-rise format on the outskirts is consistent with how land-rich Nagpur's growth corridors are and with the group's own recent template in Pune, where the same 105-acre joint venture with Krisala was later expanded through a themed hospitality partner for its resort precinct.
Nagpur's own growth story over the past few years has moved outward from Zero Mile toward its southern and south-eastern edges. The Mumbai-Nagpur Expressway has reduced travel time and turned the Outer Ring Road and Wardha Road corridors into logistics goldmines, with land parcels considered outskirts five years ago now counted as prime property. The Multi-modal International Cargo Hub and Airport at Nagpur, MIHAN, is no longer just a proposal, with major IT giants, aviation hubs, and manufacturing units setting up shop and the workforce in South Nagpur growing. The belt running from Wardha Road and Besa toward MIHAN and along the Samruddhi Mahamarg is one of the corridors where an employment anchor, the airport, and an expressway overlap, and land values there tend to respond strongly.
The airport itself is entering a new phase. The expansion plan for Dr. Babasaheb Ambedkar International Airport aims to increase passenger capacity from 30 lakh to 3 crore annually. Nagpur's centrally located position gives it connectivity to all four major metro cities of the country within hours, a point regional leaders have made in pushing the airport's cargo and industrial role. This is the same set of drivers, employment, expressway access, and an expanding airport, that shaped Hiranandani's location logic for its Nagpur outskirts project positioned roughly 40 minutes from the airport.
Hiranandani Group rarely enters a new city alone; its recent expansion strategy leans on joint ventures with regional developers who bring local land and execution capability. Krisala Developers has been delivering homes in Pune for over 13 years and has completed more than 2.3 million sq. ft. of construction through residential and commercial projects. The Pune township built on this partnership shows the direction of travel for the format: a 105-acre integrated township offering unmatched connectivity to the Mumbai-Bengaluru National Highway with self-sustained amenities including a school, a multi-specialty hospital, high-street retail, and thousands of homes. The Nagpur project, while smaller in city context, is being built on the same Hiranandani-Krisala foundation, giving buyers here the benefit of a partnership already tested at scale elsewhere.
Choosing a plotted township for Nagpur's outskirts rather than an apartment tower reflects how this city's periphery is being bought into. Localities such as Wardha Road, MIHAN, Jamtha, Butibori, and Mohgaon currently see average plot rates in the range of roughly ₹2,200 to ₹4,500 per sq. ft. With the Samruddhi Mahamarg fully operational and the Nagpur Metro expanding its reach, demand for residential and commercial land in these corridors has risen sharply. Owning land inside a developer-anchored township on the outskirts gives a buyer both the flexibility to build to their own plan and exposure to a corridor where infrastructure investment is still compounding, rather than already priced in.
For someone evaluating Hiranandani Group specifically in Nagpur's outskirts, the relevant facts are straightforward: this is the group's first plotted project in the city, delivered through its now-familiar joint venture with Krisala Developers, positioned in a lake-and-hill setting roughly 40 minutes from the airport, and built around a golf course that would be a first for Nagpur. The value of that positioning is tied directly to how quickly the surrounding corridor, anchored by MIHAN, the Samruddhi Mahamarg, and the airport's own expansion, continues to mature. Buyers coming to this project are effectively buying into the same brand discipline the group has applied in Powai, Thane, and now North Hinjewadi, applied for the first time to Vidarbha's largest city.