Krisala and Hiranandani market Phase 4 of North Hinjewadi township

Krisala Developers and Hiranandani Communities are marketing the fourth phase of their township in North Hinjewadi, Pune, under the codename The Colosseum. The phase offers 2, 3 and 4 BHK homes inside a 105-acre township. The developer-linked microsite asks buyers to pay a non-refundable expression of interest amount of ₹2.70 lakh. The same microsite says the project has not yet secured RERA clearance, and states that its main purpose is to generate interest and gather information.

What is on offer

The microsite gives the following sizes and starting prices. A 2 BHK measures 765 to 819 sq ft and starts at ₹82.99 lakh. A 3 BHK measures 1,025 to 1,330 sq ft and starts at ₹1.12 crore. A 4 BHK measures 1,600 sq ft and starts at ₹1.85 crore. The microsite also advertises benefits of up to ₹9 lakh. The terms of those benefits are not set out in the material reviewed, so buyers should ask the developer for them in writing.

The listings also disagree on the building layout. One Hiranandani listing describes five towers on about 6 acres, including one tower of larger 3 and 4 BHK units. Another listing describes four high-rise towers of B+G+27 floors. Possession is given as December 2030 in a Hiranandani listing and on a township page, and as December 2029 on a separate township listing.

The site is in North Hinjewadi (Darumbre-Marunji), about 1 km from the Mumbai–Pune Expressway. A developer listing describes the Ring Road as upcoming, but the same page calls it a proposed road, so it is not yet built. Listings say a Hinjewadi Metro Line 3 station is about four minutes away. Line 3 is a 23.2 km elevated line with 23 stations, running from Maan-Hinjewadi to Shivajinagar on a public-private partnership model. The PMRDA document reviewed does not give a completion date for the line.

The RERA position

Registration under the Real Estate (Regulation and Development) Act, 2016, is the most important point for a buyer. Under the Act, a developer must register a project with the state regulator before advertising or selling its units. In Maharashtra, that regulator is MahaRERA. The Phase 4 microsite says the phase has not yet secured clearance. Other listings quote registration numbers, and those numbers do not agree with one another. One listing links a number to The Colosseum and another project. A homebazaar page gives a different number for Phase 1 and separate numbers for Phases 2 and 3. A Hiranandani township page says RERA approval is under process.

Buyers should search the MahaRERA portal for the project and confirm which phase, towers and possession date are registered before paying any amount, including the expression of interest fee.

Developer background

Krisala says it has more than 14 years of experience in residential, commercial, plotted and integrated developments. A developer profile lists 13 years, 16 delivered projects and 2.3 million sq ft developed. The two firms say their previous joint project sold 3,500 units. Hiranandani Communities is part of the Hiranandani Group. The joint township includes a 40-acre plot that Della Resorts announced in May 2025 as a racecourse township, valued at ₹550 crore. A reported pipeline of about ₹20,000 crore across Pune and Nagpur includes a 100-acre golf-themed township in Nagpur and a 1.1 million sq ft office project in Pune. No dates were given for these projects.

The next step to watch is the MahaRERA registration for Phase 4. Once it is listed, its registered possession date and tower count will show whether the marketing figures match the approved plan.