Mumbai-based Hiranandani Group has announced its entry into Pune with a joint development project in North Hinjewadi, valued at Rs 7,000 crore. The 105-acre integrated township, developed in collaboration with Krisala Developers under a 50:50 revenue-sharing model, will encompass residential, commercial, and retail spaces.

The total investment in the land asset is Rs 2,000 crore, with the first phase covering 30 acres and requiring Rs 500 crore in investment. This phase is expected to deliver three million sq. ft. of real estate space. Initially, the Hiranandani Group considered selling the land but opted for a joint venture, facilitated by Colliers India. The township will feature apartments, villa plots, branded residences, and recreational amenities.

Chairman Dr. Niranjan Hiranandani emphasised the impact of infrastructure developments linking Mumbai and Pune, boosting both regions’ real estate sectors. The Hiranandani Group is open to further expansion in Pune, exploring viable opportunities for future collaborations.