Hiranandani Group is a diversified conglomerate established in 1978 by Niranjan Hiranandani and Surendra Hiranandani, based in Mumbai, Maharashtra. For over four decades, the group's defining contribution to Indian real estate has been the integrated township — a format it has executed at a scale few others have attempted. Decades ago, when Mumbai did not look beyond Bandra and Chembur, the group spotted barren quarry land in Powai and transformed it into an integrated township of over 250 acres. It then expanded the city's horizon to Thane by developing around 350 acres of land into a thriving global township. Townships in Panvel, Chennai's Oragadam, and GIFT City in Gujarat followed — each time, Hiranandani arriving in a corridor before it became established and building the infrastructure that made it one.
Marking its entry into Pune's booming real estate market, Hiranandani Group announced a large-scale township project in North Hinjewadi — a joint venture with Krisala Developers expected to generate approximately Rs 7,000 crore in revenue over ten years. The company will develop the 105-acre integrated township using a 50:50 revenue-sharing model. Originally intended for sale, the land asset was instead retained for joint development, with Colliers India facilitating the deal. The announcement, made in February 2025, marked Hiranandani's first meaningful footprint in Pune's residential market.
Spread across 105 acres and developed under the Integrated Township Policy, the project will have residences, commercial spaces, and retail hubs, making it a self-sustained ecosystem. Developed by Hiranandani Group in partnership with Krisala Developers, it offers a mix of luxury apartments, premium villas, residential plots, commercial spaces, and retail shops. The township is structured in phases: the first phase spans 30 acres and involves an estimated investment of Rs 500 crore, with a projected turnover of Rs 2,100 crore and a minimum development potential of 3 million square feet of residential and commercial space.
Phase 3 of the township, currently in pre-launch, is where the product range fully unfolds. It presents two sectors: Icon (ultra-premium 3 and 4 BHK simplex and duplex residences) and Arcadia (premium 2 and 3 BHK homes), along with premium villas and branded residences crafted with Vastu principles. Layouts range from 750 sq ft to 1,860 sq ft, catering to families, professionals, and investors seeking comfort, connectivity, and long-term value.
The township carries a feature that sets it apart from other large Hinjewadi developments. Thoughtfully planned as a self-contained urban destination, it blends luxury residences, high-street retail, educational institutions, healthcare facilities, and a signature 40-acre hospitality enclave — at its heart, an 8-acre racetrack and polo club offering an exclusive mix of sport, leisure, and prestige. The project is progressing towards IGBC Platinum certification, offering a future-ready lifestyle rooted in openness, greenery, and architectural design. Over 70% of the township is devoted to green landscapes, with rainwater harvesting, solar-ready rooftops, and eco-smart infrastructure woven into its design.
| Detail | Specification |
|---|---|
| Total Land Area | 105 acres |
| Developers | Hiranandani Communities + Krisala Developers (50:50 revenue share) |
| Phase 1 Area | 30 acres |
| Configurations | 2, 3, 4 BHK apartments; duplex homes; villas; plots; commercial |
| Carpet Area Range | 750 sq ft – 1,860 sq ft |
| Hospitality Enclave | 40-acre Della Resort with Polo Club |
| Open Space | 70%+ of township area |
| Sustainability Target | IGBC Platinum certification |
| Expected Possession (Phase 3) | December 2030 |
| Total Project Revenue Projection | ~Rs 7,000 crore over 10 years |
This collaboration brings together Krisala Developers' expertise in Pune's real estate market and Hiranandani Group's extensive experience in large-scale township development. Krisala Developers, based in Pune, brings over 20 years of experience in delivering high-value homes and commercial spaces; their project 41 City Hub won the Best Commercial Project award at the Times Realty Icons Awards in 2021. For Hiranandani, the partnership provides the local market knowledge and land access that a first entry into a new city demands. The group's track record of delivering complete self-sufficient communities — from Hiranandani Gardens, Powai to Hiranandani Fortune City, Panvel — gives buyers a documented reference point for what an integrated Hiranandani township eventually becomes.
Beyond just offering homes, the development of this township is expected to generate 1,000-plus job opportunities, further contributing to the region's economic growth.
Hiranandani's choice of North Hinjewadi is consistent with the group's historical pattern: arrive in a corridor where employment demand is already established, infrastructure is being built out, and the land scale to develop a self-sustaining community still exists. The township is strategically located near Rajiv Gandhi Infotech Park, making it relevant for IT professionals. Hinjewadi houses major tech firms including Infosys, TCS, Wipro, and Cognizant, creating a steady, recurring base of housing demand from professionals on multi-year contracts.
In September 2024, Microsoft invested Rs 520 crore in a 16.4-acre property in Hinjewadi to advance its data center and office space expansion in India, a move that underscores how the corridor continues to attract institutional-grade occupiers. Hinjewadi leads Pune's micro-markets in capital growth, with quarterly increases in capital values driven by its proximity to IT hubs.
The infrastructure pipeline around the township is what differentiates North Hinjewadi from Hinjewadi Phase 1's already-built-up core. The Pune Metro Rail Project's Line 3 — the Hinjewadi to Shivajinagar corridor — is designed to address the notorious traffic congestion in the IT corridors. This metro line is expected to reduce commute times by 20–30%, directly boosting property demand in the area. The township is positioned for connectivity through the Hinjewadi Phase 3 Metro Station and Akurdi Railway Station.
The township is under 10 minutes from Hinjewadi IT Park, around 1 km from the Mumbai–Pune Expressway, with the upcoming metro and ring road nearby, plus schools and hospitals within 1–5 km. The upcoming Pune Ring Road is 5 minutes away from the project, a significant consideration given that the Maharashtra State Road Development Corporation initiated the Ring Road project in December 2024, with an expected completion in 2030.
Property rates across Hinjewadi in 2025 range from Rs 5,500 to Rs 12,050 per sq ft, reflecting a wide spread across phases and product types. The market's projected 10–12% growth, coupled with rental yields of 5–7%, positions Hinjewadi as one of Pune's most promising real estate destinations. For the Hiranandani Krisala Township specifically, prices start from Rs 75.99 lakh, positioning the product at the accessible end of the Hiranandani premium band while remaining within the integrated township format the group is known for.
Property prices in Chandkhed, Hinjewadi increased by 38.8% over the period 2021 to 2025, a data point that captures the broader directional trend in the North Hinjewadi micro-market where the township sits. Pune's real estate sector is experiencing robust growth, propelled by its booming IT hubs, outstanding connectivity, and an influx of skilled professionals, according to Dr Niranjan Hiranandani, chairman of Hiranandani Group, commenting on the rationale for the group's Pune entry.
Buyers evaluating the Hiranandani Krisala Township for end-use rather than investment will find the surrounding social infrastructure relevant. Mount Castle International School is 9 minutes away, and Dattawadi Multispeciality Hospital is 8 minutes from the project. Pratibha International School and Symbiosis University are also nearby. Ruby Hall Clinic and Hinjewadi Hospital are accessible within a short drive, and Balewadi High Street and the upcoming Metro Station are located close by. Within the township itself, residents will have access to a clubhouse, temperature-controlled swimming pool, yoga zones, sports courts, co-working lounges, children's play areas, EV charging stations, and 24x7 professional facility management.
In the 1990s, Hiranandani launched Hiranandani Gardens, Powai — India's first integrated township with modern infrastructure, mixed-use spaces, and lush landscapes — transforming Powai from barren land into an iconic landmark. The model has since been applied in Thane, Panvel, Chennai, and GIFT City. Each of those townships has followed a similar trajectory: early-stage scepticism about the location, followed by sustained price appreciation as the community's own infrastructure validated the original land choice.
The company has stated it is open to exploring the Pune market with feasible opportunities to expand and collaborate in the future, suggesting that Hiranandani Krisala Township is intended as the first of multiple Pune commitments rather than a one-off venture. For buyers in North Hinjewadi, that longer-term intent — combined with a 105-acre canvas, a 10-year revenue horizon, and the group's established township-building method — represents a qualitatively different proposition from a standalone residential project in the same corridor.