Hiranandani Group was established in 1978 by Niranjan Hiranandani and Surendra Hiranandani and is based in Mumbai, Maharashtra. For most of its history, the group's Thane identity was anchored to one address: the sprawling 350-acre integrated township located off Ghodbunder Road. That township — Hiranandani Estate — set a reference point for planned community living in the Mumbai Metropolitan Region, housing iconic developments including Hiranandani Meadows, with a legacy spanning nearly four decades, 48.40 million square feet of developed area, and over 26,600 homes delivered. With Hiranandani Belicia at Panch Pakhadi, the group enters a materially different part of Thane: not a greenfield township on the city's western edge, but an established, centrally located neighbourhood that has matured over decades.
Panch Pakhadi, renowned for Kachrali Lake and hosting the Thane Municipal Corporation's headquarters, stands as a prominent locality in Thane. Its appeal to a developer of Hiranandani's calibre is rooted in fundamentals that most peripheral micro-markets cannot replicate.
Its close proximity to Thane railway station, the international airport, and the Eastern Express Highway gives it a locational advantage making it well-connected with Western, Central, and Navi Mumbai, along with all the major commercial hubs of Bandra-Kurla Complex, Lower Parel, Nariman Point, and Vashi. Employment is not distant from Panch Pakhadi, either: Odyssey, Ashar, and various other IT parks are less than 3 km away, and nearness to employment hubs keeps rental demand high. Within the immediate radius, Wagle Industrial Estate at 3 km and Bhandup Industrial Area at 6 km are easily accessible.
Rail and road connectivity work in tandem here. Panch Pakhadi enjoys connectivity through Thane Railway Station serving Central and Trans-Harbour lines, Eastern Express Highway, and Ghodbunder Road, and the upcoming Metro Line 4 will further enhance accessibility to Mumbai's key business areas. The project sits off Almeda Road, near the Eastern Express Highway, and is accessible via three road frontages: a 15-metre-wide service road, a 12-metre D.P. Road, and a 25-metre D.P. Road.
Social infrastructure in this locality is already in place rather than aspirational. The area has civic amenities including Jupiter Hospital, Sulochana Devi Singhania School, Korum Mall, Viviana Mall, restaurants, cafes, and multiplexes. Korum Mall sits 800 metres away and Jupiter Hospital at 1.6 km. For a developer whose township model has always centred on integrating daily life within one address, Panch Pakhadi offers something different but equally compelling — a fully operational urban ecosystem that already surrounds the project.
Hiranandani Belicia Panch Pakhadi Thane is a newly constructed premium residential project located in Thane developed by Hiranandani Group. The project is a 48-storey high-rise tower with 8 residences on each floor, set on 1.5 acres, with views of the city and Yeoor Hills. It features 296 units spread across those 48 floors.
The configuration range spans the group's typical premium segment. Two-BHK units range from 779 to 783 square feet. Three-BHK units cover 1,091 to 1,178 square feet. Four-BHK units run from 1,278 to 1,365 square feet. The 4.5-BHK format, spanning 1,540 to 1,546 square feet, carries pricing that ranges from approximately Rs 3.09 crore to Rs 4.24 crore. The tower's floor plan places six lifts and two staircases on each floor alongside the eight residences, a layout that limits shared-floor density for an urban high-rise.
Interior specifications follow Hiranandani's established delivery standard. Apartments feature vastu-compliant layouts, marble flooring, air conditioning, ample natural light and ventilation, large decks, and efficient space planning. Select 3-BHK units include powder rooms and each residence has a dedicated utility area; double-glazed windows address road-noise from the highway corridor.
Belicia's amenity list is organised vertically as well as at ground level, a deliberate choice for a 1.5-acre footprint in a dense city-centre location. The project includes a clubhouse, multipurpose hall, squash court, party lawn, badminton court, rooftop swimming pool, mini theatre, game room, business centre, landscaped greens, cricket pitch, and rooftop gym. Placing the pool and gym at roof level preserves the lower podium for landscaping and social spaces — a design approach consistent with how the group has handled constrained urban plots in Mumbai and Thane.
Portions of the open amenity area are planned to be handed over to the Thane Municipal Corporation, which is a standard condition in Thane development but also indicates active engagement with the civic body rather than a fully privatised compound.
Hiranandani Belicia is RERA registered with ID P51700050457. The RERA possession date is June 2028. The Commencement Certificate has been issued for the project. On-site progress as of early 2025: structural works had reached 38% completion, with MEP services including lift and staircases at 8%.
Transaction data published through February 2026 shows confirmed market uptake. A total of 37 residential transactions had been registered for Hiranandani Belicia Panch Pakhadi, amounting to Rs 80 crore. During Q4 2025, average property prices for the project moved from Rs 21,450 per square foot to Rs 22,450 per square foot, reflecting a 4.66% rise within that quarter.
Buyers evaluating Belicia should understand what Hiranandani Group has built in Thane before this project, because that track record is what the brand premium reflects. The group expanded Thane's horizon by developing around 350 acres of land into a thriving global township with world-class amenities — Hiranandani Estate on Ghodbunder Road, which today houses thousands of families. The township's Hiranandani Business Park hosts major corporations including Tata Consultancy Services, WeWork, IDFC Bank, and Bayer.
Beyond the estate, the group's recent Thane activity has included Hiranandani Falcon in Waghbil and Hiranandani Westgate within Hiranandani Estate. At the national level, the group pioneered India's integrated township model through the landmark 250-acre Hiranandani Gardens in Powai, and has delivered over 50 landmark projects spanning 40-plus million square feet across Mumbai, Thane, Panvel, Pune, Bangalore, Chennai, Hyderabad, and GIFT City.
Belicia brings a similar philosophy of integrated, self-sufficient community living to a brand-new neighbourhood — Panch Pakhadi — right at the heart of Thane city. The product type is different from the group's township scale: a single 48-storey tower rather than a phased estate. But the construction standard, specification depth, and RERA discipline that the brand carries across its portfolio apply here equally.
Panch Pakhadi's broader market rate provides a useful reference for where Belicia sits. Hiranandani Belicia's average rate of approximately Rs 22,400 per square foot sits below Panch Pakhadi's broader average of Rs 26,900 per square foot, which indicates that under-construction pricing has not yet fully closed the gap with the locality's secondary market, leaving room for appreciation as the June 2028 possession date approaches and structural completion advances. As of January 2025, 102 out of 268 launched units had been booked, with 67% of 2-BHK Luxury A units already absorbed.