Hiranandani, Krisala target ₹20,000 crore of new Pune and Nagpur projects

Hiranandani Communities and Krisala Developers said on 27 October 2026 that they are expanding their partnership with a targeted development value of ₹20,000 crore across Pune and Nagpur. The partners said the new projects will focus on premium townships and commercial space. The arrangement is non-exclusive, which means each company stays independent and teams up only on specific projects it considers strong opportunities.

What has been announced in Nagpur

The most advanced item in the pipeline is a golf-themed township in Nagpur, which the partners describe as the city's first golf course township. The plan includes a neo-classical design, green landscapes and an integrated golf course. The project will have 51 plots, along with townhouses and villas. The announcement puts the land at over 100 acres, and gives a revenue potential of about ₹2,100 crore.

Hiranandani Communities said the Nagpur project will be developed with Krisala under Eleva by Hiranandani Communities, its development management platform. The company said the project will add jobs, investment and social infrastructure to the regional economy. The partners said the project is being financed through internal cash generation. The location is about 40 minutes from Nagpur's airport, in an area with lakes and hill terrain. The announcement did not give a launch date or a possession date.

Pune projects and the existing joint venture

The pipeline includes a 1.1 million sq ft office project in Pune. The announcement did not give its location, configuration, approvals or launch timing, so it cannot yet be assessed on those points.

The new pipeline sits alongside an earlier joint venture. In February 2025, Hiranandani and Krisala announced a 105-acre joint development at North Hinjewadi, to be built under the integrated township policy with residential, commercial and retail uses. The first phase covers 30 acres and aims to deliver at least three million sq ft of space. In May 2025, the same partners, with Della Resorts and Adventure, announced a 40-acre racecourse-themed township near Pune, valued at ₹550 crore and expected to generate ₹1,100 crore in revenue. The residential phase of the North Hinjewadi project, Krisala Hiranandani Everland, launched in March 2026 and is accepting bookings.

The partners pointed to their earlier collaboration as the basis for this expansion. They said it sold more than 3,500 units in a single year and generated more than ₹3,000 crore in revenue. The earlier project was not named in the announcement.

What buyers and investors should watch

• Nagpur registration: projects of this kind must be registered with the state regulator before they are marketed or sold. Buyers should check the MahaRERA registration, approved layout and timelines for the Nagpur township.
• Pune office project: the location, approvals and launch date are still to be announced.
• Funding and risk: the firms said they plan to keep operating risk manageable by buying land outright or sharing revenue with landowners.
• Target: the ₹20,000 crore figure is a targeted development value, not sales already achieved.

For Pune and Nagpur buyers, the next concrete steps are the Nagpur project's registration and launch details, and the location and approvals for the 1.1 million sq ft Pune office project. Until those are filed, the ₹20,000 crore figure remains a stated target.