Latest news with #HiranandaniCommunities
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.
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Business Standard
09-05-2025
- Business
- Business Standard
Move over REITs-This township promises weddings, villas, Polo, and 9% yield
India's real estate market just got its first lifestyle-led, yield-generating investment model—one that combines a racecourse-themed township wth private villa ownership and five-star hospitality to deliver potential returns of up to 9% per year. Lonavla, Maharashtra-based luxury experiential resort Della Resorts & Adventure has entered into a proprietary CDDMO (conceptualisation, design, development, marketing and sales, and operations) model with Hiranandani Communities and Krisala Developers to launch a racecourse-themed township in Pune, with a revenue potential of Rs 1,100 crore. Set across 40 acres in Pune's North Hinjewadi, the project aims to transform traditional residential property into a professionally run, yield-generating asset. At the heart of this new township is an 8-acre Racecourse and International Polo Club, designed not just for sport, but as a revenue-generating lifestyle hub. Alongside this unique anchor, the development will offer: 128 private villa plots 112 resort residences A 5-star, 300-key luxury resort 9 destination wedding venues 12 MICE/corporate venues A signature adventure park Della Range golf and wellness facilities 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 3 months with possession slated for early next year for Resort & Villa plots and end 26 for private Residences. This Hospitality led themed Township aims to redefine urban living and become a Cultural Hotspot in Pune and serve as a replicable model across other emerging Indian metros. The township announced by Della is part of a 105-acre joint development project previously announced by Hiranandani and Pune-based Krisala Developers. What makes this model different? Passive Income from Active Assets: Homes aren't just places to live—they generate revenue through hospitality and events while being managed end-to-end. Hospitality-Backed ROI: With hotel-grade operations and high footfall venues, the model unlocks up to 9% annual returns, unheard of in Indian residential real estate. Full-Service Ownership: All assets are fully designed, managed, and operated—no landlord headaches, no tenant sourcing, no maintenance stress. High Aspirational Value: Properties are positioned as lifestyle investments, catering to affluent millennials, HNIs, and second-home seekers looking for both value and experience. "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. This is the luxury future fit living, curated with precision and powered by design, innovation, and operational excellence," explained Jimmy Mistry, Founder and Chairman of Della Resorts and Adventure. Project Snapshot Location: North Hinjewadi, Pune (40-acre parcel in a 105-acre integrated township) Key Features: 300-key 5-star resort, villa plots, resort residences, polo club, wedding and corporate venues, adventure and golf facilities Investment Model: Fully managed real estate with rental yield potential Launch Timeline: Phase 1 to launch in 3 months; first possessions by early 2026 "Our strategic joint venture with Krisala Developers on a 105-acre township in North Hinjewadi, Pune, marks the Hiranandani Group's entry into Pune's rapidly growing real estate market. Furthermore, the development management agreement with Della Group strengthens our commitment to delivering curated experiential living spaces. This collaboration aims to redefine lifestyles, enhance the value proposition for both end-users and investors, and set a new standard in the Indian real estate sector," said Niranjan Hiranandani -Chairman- Hiranandani Communities. "Our 40-acre collaboration with Della Townships is a natural extension of Krisala Developers' core strength in forging strategic partnerships that elevate both vision and value. This segment will deliver multiple industry firsts in residential real estate, including premium private villa plots, signature residences, a racecourse, a resort, and an adventure park, bringing hospitality into the heart of urban living. Located in North Hinjewadi with seamless access to the Mumbai–Bangalore National Highway, the township is uniquely positioned to attract buyers and investors," said Sagar Agarwal, CMD, Krisala Developers.
Economic Times
09-05-2025
- Business
- Economic Times
Hiranandani, Krisala, Della Resorts ink development pact for 40 acres in Pune's Hinjewadi
Agencies Representative Image Realty developer Hiranandani Communities and Krisala Developers' joint venture has entered a pact with Della Resorts & Adventures to develop a mega township spread over 40-acre land parcel in Pune's Hinjewadi is part of a larger development spread over 105 acres for which Hiranandani has inked a pact with Krisala Developers to be developed under the Maharashtra government's new integrated township policy. Maharashtra's integrated township policy is a framework that encourages large-scale planned townships to be developed by private players to reduce pressure on major cities while promoting sustainable urbanization. The project, which will see development of luxury villas, resorts, an 8-acre racecourse and an international poli club, is expected to have a revenue potential of Rs 1,100 crore on the back of Rs 500 crore investment. The entire 105-acre township will entail an investment of Rs 2,000 crore and have a revenue potential of around Rs 7,000 crore. The development agreement between Della Resorts & Adventures and Hiranandani Group-Krisala Developers will be based on Conceptualisation, Design, Development, Marketing and Operations (CDDMO) model. This is for the first time a hospitality-led model like this being used in India. As per the CDDMO model, Della Resorts & Adventures will get a 15% of the project's topline as fees, 6% for hospitality operations in addition to 25% sweat equity in the hospitality business, Jimmy Mistry, founder & chairman, Della Resorts and Adventure, told ET.'We have already tied up with five developers under this new CDDMO model and in the process of forming an alliance with five more. In total, we are looking at a total 10 such projects worth Rs 20,000 crore in Pune, Nashik, Alibaug, Goa, Indore and Chennai in the current financial year itself,' Mistry to Niranjan Hiranandani, chairman, Hiranandani Communities, the company will be working a lot more in collaborations with local developers and innovators going forward as it plans to foray into different segments including redevelopment and even slum rehabilitation.'As the preferences of modern homebuyers continue to evolve, property developers are being nudged to collaborate with allied industries to create innovative ecosystems tailored to meet the needs of aspirational Indian homeowners,' Hiranandani said. The Indian real estate sector is witnessing a rising trend of joint development agreements as developers and landowners have been seeking capital-efficient growth strategies amid evolving market dynamics. With high land acquisition costs and issues related to clear titles, developers are increasingly partnering with landowners to unlock land value without upfront purchases, while landowners benefit from profit-sharing or revenue-based models instead of outright surge in joint development agreements is particularly visible in key property markets including Mumbai, Pune, Bengaluru and Delhi-NCR, where high costs make such collaborations financially viable. Ends
Time of India
08-05-2025
- Business
- Time of India
Hiranandani, Krisala, Della Resorts ink development pact for 40 acres in Pune's Hinjewadi
Hiranandani Communities and Krisala Developers have partnered with Della Resorts to develop a 40-acre township in Pune's Hinjewadi, part of a larger 105-acre project under Maharashtra's integrated township policy. The project, featuring luxury villas and a racecourse, anticipates a revenue potential of Rs 1,100 crore. Della Resorts will utilize a CDDMO model, receiving fees and equity in the hospitality business. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Realty developer Hiranandani Communities and Krisala Developers ' joint venture has entered a pact with Della Resorts & Adventures to develop a mega township spread over 40-acre land parcel in Pune's Hinjewadi is part of a larger development spread over 105 acres for which Hiranandani has inked a pact with Krisala Developers to be developed under the Maharashtra government's new integrated township integrated township policy is a framework that encourages large-scale planned townships to be developed by private players to reduce pressure on major cities while promoting sustainable urbanization The project, which will see development of luxury villas , resorts, an 8-acre racecourse and an international poli club, is expected to have a revenue potential of Rs 1,100 crore on the back of Rs 500 crore investment. The entire 105-acre township will entail an investment of Rs 2,000 crore and have a revenue potential of around Rs 7,000 development agreement between Della Resorts & Adventures and Hiranandani Group-Krisala Developers will be based on Conceptualisation, Design, Development, Marketing and Operations (CDDMO) model. This is for the first time a hospitality-led model like this being used in per the CDDMO model, Della Resorts & Adventures will get a 15% of the project's topline as fees, 6% for hospitality operations in addition to 25% sweat equity in the hospitality business, Jimmy Mistry, founder & chairman, Della Resorts and Adventure, told ET.'We have already tied up with five developers under this new CDDMO model and in the process of forming an alliance with five more. In total, we are looking at a total 10 such projects worth Rs 20,000 crore in Pune, Nashik, Alibaug, Goa, Indore and Chennai in the current financial year itself,' Mistry to Niranjan Hiranandani, chairman, Hiranandani Communities, the company will be working a lot more in collaborations with local developers and innovators going forward as it plans to foray into different segments including redevelopment and even slum rehabilitation.'As the preferences of modern homebuyers continue to evolve, property developers are being nudged to collaborate with allied industries to create innovative ecosystems tailored to meet the needs of aspirational Indian homeowners,' Hiranandani Indian real estate sector is witnessing a rising trend of joint development agreements as developers and landowners have been seeking capital-efficient growth strategies amid evolving market high land acquisition costs and issues related to clear titles, developers are increasingly partnering with landowners to unlock land value without upfront purchases, while landowners benefit from profit-sharing or revenue-based models instead of outright surge in joint development agreements is particularly visible in key property markets including Mumbai, Pune, Bengaluru and Delhi-NCR, where high costs make such collaborations financially viable. Ends
