Krisala and Hiranandani widen JV with ₹20,000 crore Pune and Nagpur pipeline

Hiranandani Communities and Krisala Developers said on 27 October 2026 that they will expand their joint venture into a project pipeline with a total development value of ₹20,000 crore across Pune and Nagpur. The companies said the pipeline focuses on large-scale townships and premium commercial office space.

The companies have not given a per-project breakdown of the ₹20,000 crore figure. Two projects have been named: a golf-themed township in Nagpur and an office project in Pune of about 1.1 million sq ft. The partners said the arrangement is non-exclusive, so each firm remains independent and they team up only on specific projects.

Nagpur golf township

Krisala has announced its entry into Nagpur with a golf lifestyle township. The companies describe it as Nagpur's first golf course township and put its revenue potential at about ₹2,100 crore. The plan includes 51 ultra-luxury plots and a golf course that the developers expect to be one of the largest in the city.

Aakash Agarwal, managing director of Krisala, said the site is about 40 minutes from Nagpur airport, in an area with lakes and hill terrain. The project will be developed by Krisala under Eleva, the development management platform of Hiranandani Communities. Agreements have been signed and planning is under way. The companies said the project is being financed through internal cash generation, not outside borrowing. Agarwal said the move is a step towards diversifying the company's geographic presence.

The Pune plans and the joint venture's record

The partners said their previous collaboration sold more than 3,500 units in a single year and brought in more than ₹3,000 crore in revenue. Both firms buy land outright or share revenue with landowners, which they say keeps operating risk manageable.

The Pune township is Krisala Hiranandani Township on a 105-acre parcel in North Hinjewadi. Developer listings describe it as in pre-launch Phase 3. The developer says more than 1,100 homes were allotted in one day in Phase 1, generating about ₹1,000 crore in revenue. Listing prices, possession dates and RERA details differ from page to page. One listing gives ₹75.99 lakh to ₹2.15 crore, another ₹76 lakh to ₹2.50 crore. Possession is shown as December 2029 on one page and December 2030 on another.

The 1.1 million sq ft Pune office project has no published name, site, configuration, price, launch date or RERA registration in the material available.

What buyers should check

• Check the MahaRERA registration number for the North Hinjewadi township on the MahaRERA website, and compare its possession date with the sales listing.
• Confirm the phase you are booking, since sales listings for Phase 3 and earlier phases show different terms.
• Treat developer claims on distances and demand as the developer's own statements until they are checked.

The township's location is close to the Hinjewadi IT hub. The 23.2 km elevated Hinjewadi–Shivajinagar Metro Line 3 corridor runs from Rajiv Gandhi Infotech Park to Shivajinagar, through Wakad, Baner and Balewadi. Passenger services are expected to start in November or December 2026, with a phased opening that will begin with the approved section while work continues on the remaining stations. A developer listing says a metro station is about four minutes from the township; that distance is the developer's claim.

The partners say demand is strong in Tier-2 cities. Buyers and investors will watch how the companies manage construction costs and interest rate risk across a pipeline of this size.

What happens next

The next markers are the name, site and RERA registration of the Pune office project, which have not yet been published. For Nagpur, no dated launch has been announced. For the Pune township, the registration details and the official Metro Line 3 opening date will decide how the North Hinjewadi plans proceed.