Latest news with #HiranandaniCommunities
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Business Standard
10-06-2025
- Business
- Business Standard
The Arena by Hiranandani offers 2-4 BHK flats in Panvel from Rs 1.3-1.8 cr
Hiranandani Communities, led by real estate veteran Niranjan Hiranandani, on Monday unveiled its latest premium residential project, The Arena, inside the sprawling 588-acre Hiranandani Fortune City in Panvel. The project consists of over 1,700 luxury residences planned across eight towers, and Phase 1 would roll out three towers with 600 apartments. With homes starting at Rs 1.31 crore for 2 BHKs and Rs 1.77 crore for larger configurations, The Arena is a lifestyle-forward offering, blending luxury with wellness. Set within one of the largest integrated townships in the Mumbai Metropolitan Region (MMR), this development aims to capture the aspirations of upwardly mobile professionals, NRIs, and investors looking for long-term capital growth. Spread over 10+ acres within Hiranandani Fortune City, The Arena doesn't just offer residences—it offers a holistic lifestyle. Residents will have access to not just high-end apartments ranging from 730 sq. ft. to 1,900 sq. ft., but also a sports colosseum and world-class amenities promoting active, wellness-oriented living. Panvel's rise as Mumbai's new growth engine is underpinned by transformative infrastructure: the Mumbai Trans Harbour Link (MTHL), Navi Mumbai International Airport, multimodal freight corridors, and upgraded suburban connectivity. With these game-changing projects, Panvel has quickly turned into a magnet for high-value real estate and commercial investment. An Early-Mover Advantage for Homebuyers According to Dr. Niranjan Hiranandani, 'Panvel is now a fulcrum of economic and real estate growth. The Arena caters to aspirational buyers seeking high-quality, future-ready homes that offer not just comfort, but capital appreciation, rental income, and a strong community.' With over 2,200 apartments already delivered in the township and more than 3,000 residents, Hiranandani Fortune City has proven itself as a thriving self-sustained ecosystem. It houses Asia's largest data center (NM1 by Yotta), global-standard schooling (Hiranandani International), and upcoming healthcare and entertainment hubs. "Hiranandani Fortune City, Panvel, is a 588-acre integrated township designed to redefine elevated living. Comprising luxury residences, Asia's largest data centre NM1 Yotta, retail and commercial office spaces, international school, and plethora of recreational amenities, it is a self-sustainable township in Mumbai3.0. The township has delivered 2200 plus apartments with high occupancy towers and 3000 plus happy customers," the realtor said in a statement. Key Highlights: Location: Hiranandani Fortune City, Panvel Total Development: 10+ acres, 8 towers, 1,700+ homes Projected Phase 1 Revenue: ₹1,100 crore+
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Business Standard
09-06-2025
- Business
- Business Standard
Hiranandani Communities launches ₹1,100 cr residential project in Panvel
Mumbai-based billionaire Niranjan Hiranandani's Hiranandani Communities has launched a residential project with an estimated topline potential of Rs 1,100 crore in Panvel, part of the Mumbai Metropolitan Region (MMR). The project, named The Arena, is a premium residential development located within Hiranandani Fortune City, Panvel. Spanning over 10 acres, it will comprise eight towers and more than 1,700 residences. The first three towers will be launched in the first phase, featuring 600 premium 2 BHK (priced at Rs 1.31 crore), 3 BHK, and 4 BHK (over Rs 1.77 crore) units, ranging from 730 square feet to 1,900 sq ft. Niranjan Hiranandani, chairman of Hiranandani Communities, said, 'Panvel's growth potential is further fuelled by rising per capita income, expanding employment opportunities, and the migration of talent seeking holistic residential solutions. Aspirational buyers, including millennials upgrading their lifestyle and NRIs gravitating towards investment-friendly yet high-ROI options, are drawn to branded developments like Hiranandani Fortune City for their seamless integration of luxury, quality, and community living.' Panvel, part of Mumbai 3.0 and the Navi Mumbai International Airport Notified Area (Naina), saw 5,315 new sales transactions worth Rs 2,526 crore in the first quarter of calendar year 2025 (Q1 CY25), according to Square Yards Data Intelligence. Average residential prices in the region stood at around Rs 10,737 per sq ft during Q1 CY25. 'Major infrastructure projects like the Mumbai Trans Harbour Link (MTHL), Navi Mumbai International Airport, freight corridors, suburban railway and regional highway projects have positioned Panvel as the gateway to accelerated economic progress. Seamless connectivity through improved road, rail, air, and sea networks is bolstering the area's desirability among homebuyers and investors alike, creating strong demand across residential, commercial, and industrial segments,' the company noted. Additionally, Hiranandani Fortune City is a 588-acre integrated township comprising luxury residences, Asia's largest data centre – NM1 Yotta, retail and commercial office spaces, and more.
Time of India
09-06-2025
- Business
- Time of India
Hiranandani Communities eyes Rs 1,100 cr revenue from new MMR housing project
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Real estate company Hiranandani Communities is expecting a Rs 1,100 crore revenue from its new housing project in the Mumbai Metropolitan Region (MMR).The company has launched the first phase of its new housing project 'The Arena', comprising around 600 expects a topline revenue exceeding Rs 1,100 crore in its first phase, Hiranandani Communities said in a statement on project is part of its 588-acre township Hiranandani Fortune City , Panvel. Niranjan Hiranandani , Chairman of Hiranandani Communities, said, "Panvel's growth potential is further fuelled by rising per capita income, expanding employment opportunities, and the migration of talent seeking holistic residential solutions ."The township has delivered 2,200-plus apartments with high occupancy towers and 3,000-plus happy customers.
Time of India
10-05-2025
- Business
- Time of India
Della Resorts, Hiranandani Communities & Krisala Developers to jointly develop a township in Pune
NEW DELHI: Della Resorts & Adventure has entered into an agreement with Hiranandani Communities and Krisala Developers to launch a township in Hinjewadi , Pune with a revenue potential of ₹1,100 crore. The township has a potential to yield upto 9% return on investment (ROI). Jimmy Mistry, founder and chairman of Della Resorts and Adventure, said, ""With our CDDMOTM approach, we're transforming real estate from a product into an experience, and from a static asset into a dynamic, yield-generating investment. This is the first time residential real estate is offering returns that exceed traditional industry norms of 3%—breaking conventional expectations giving assured returns of upto 9% on real estate investments." Spanning over 40 acres, the township will include an eight acre racecourse & international polo club, 128 villa plots, 112 resort private residences, among other features. Niranjan Hiranandani, chairman, Hiranandani Communities said, "As the preferences of modern homebuyers continue to evolve, real estate developers are being nudged to collaborate with allied industries to create innovative ecosystems tailored to meet the needs of aspirational Indian homeowners." The project is currently in advanced planning stages, with land acquisition completed and design finalization underway. Phase 1 of the township is expected to launch in three months with possession slated for early next year for resort & villa plots and private Residences are expected to be delivered by FY26-end.
The Print
09-05-2025
- Automotive
- The Print
Hiranandani, Krisala, Della tie up to develop Rs 550 cr theme township near Pune
Della, which is looking for a listing in over a year now, is looking to sign up 10 such themed townships to be created around themes like adventure, racecourse etc by end of FY26, Mistry said, adding that these will have a revenue potential of Rs 20,000 crore. The township spread over 40 acres has a revenue potential of Rs 1,100 crore, and Della's chairman Jimmy Mistry said the themed development pushes up the receivables by 40 per cent for the builders. Mumbai, May 8 (PTI) Hiranandani Communities, Krisala Developers and Della Resorts and Adventure on Thursday announced a tie-up to build a racecourse-themed township near Pune at a cost of Rs 550 crore. The project near the IT hub of Hinjewadi in Pune will have a 300-room resort, corporate conference and wedding venues and villas along with an 8-acre race course. The 40-acre plot is carved out of a 105-acre township being developed by Hiranandani and Krisala having a revenue potential of Rs 7,000 crore, which will have 10,000 residential units and other facilities such as schools, hospitals and colleges. Mistry said his company keeps 15 per cent of the revenue bookings with itself, and will get 6 per cent of the revenues of the hospitality services over a period of time. In some projects, he also keeps a sweat equity component for the conception, design, marketing and operations of the facility. The company, which has been operating an adventure themed resort near Lonavala has already tied up to bring such facilities in Chennai, Nagpur and Goa, and is on the verge of launching similar themed township in Navi Mumbai, Igatpuri and Indore, among others. The Navi Mumbai facility will be built around the formula one theme, and will have a 5.2-km race track, hotels, hangars and other facilities spread over 275 acres, Mistry said, adding that he is in talks with a UK-based entity to partner for that. He said the F1 facility will be dedicated to autonomous vehicles, and will act as a venue for car shoots rather than as one for races. PTI AA HVA This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
