Latest news with #KrisalaDevelopers
The Print
26-05-2025
- Business
- The Print
TERI joins hands with Hiranandani, Krisala Developers for sustainable 105-acre township near Pune
TERI, a think tank and research institution focused on sustainable development, has joined as a knowledge partner to guide the project on its path to achieving high sustainability and livability standards. The integrated township, planned in North Hinjawadi in Pune, aspires to set new benchmarks in air quality and overall livability, according to the developer. Pune, May 26 (PTI) Hiranandani Communities and Krisala Developers have partnered with The Energy and Resources Institute (TERI) to transform their 105-acre greenfield township project into a model for sustainable urban living. The association came through a collaborative initiative with VK Architects and VK Environment, the Pune-based architectural and environmental consultancy firm working on the project. 'This is a first-of-its-kind partnership for TERI in the real estate sector,' Sanjay Seth, Senior Director at TERI and Vice President & CEO of the GRIHA (Green Rating for Integrated Habitat Assessment) Council, told PTI. 'We have been brought on board to ensure that the developers meet their aspirations of creating a livable and sustainable township, with air quality and ecological balance at the core of its planning and operations,' he said. The township, being developed as a greenfield project, will act as an 'urban living lab', a concept TERI is helping implement. The initiative aims to integrate sustainable design, construction, and operation practices throughout the project's lifecycle. The partnership officially kicked-off with a workshop led by TERI's sustainability experts to identify key benchmarks and design interventions. 'We will look at every aspect – from the concept stage to construction and eventual operation – to help the developers make informed decisions. Our goal is to guide them towards the highest achievable sustainability standards, while also ensuring the economic viability of the project,' Seth added. He also highlighted the role of end-users in driving demand for green developments. 'If homebuyers and occupiers begin to demand sustainable features and better air quality, the entire sector will shift. Developers will be compelled to deliver,' he said. Aakash Agarwal, Managing Director at Krisala Developers, said that this partnership with TERI aligns perfectly with their vision of creating an integrated township that doesn't just house people, but nurtures them. 'Sustainability is not a buzzword for us, it's the foundation. With TERI's expertise, we're not only safeguarding the site's natural strengths like air quality, greenery and water bodies, but also building an ecosystem that meets future expectations of health, climate resilience, and long-term value. This is about setting a new standard for what modern, responsible development should look like in India,' he said. The township will feature several forward-thinking interventions such as outdoor air quality monitoring, micro-climatic planning, EV charging infrastructure, biophilic landscaping, dust suppression during construction, and water- and energy-efficient systems. These measures aim to reduce the carbon footprint, enhance health outcomes, and offer long-term cost savings to residents, according to the developer. PTI SPK SHW This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
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.
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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.
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Business Standard
08-05-2025
- Business
- Business Standard
Della Resorts joins Hiranandani JV for Pune project worth Rs 1,100 cr
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. This first-of-its-kind theme-based, hospitality-driven model introduces a new investment class in real estate, with the potential to yield up to a 9 per cent return on investment (ROI), the company claimed. The township announced by Della is part of a 105-acre joint development project previously announced by Hiranandani and Pune-based Krisala Developers. Jimmy Mistry, founder and chairman of Della Resorts & Adventure, said, 'With our CDDMO 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 per cent—breaking conventional expectations and giving assured returns of up to 9 per cent on real estate investments.' Spread across 40 acres in Pune's North Hinjewadi, the township will feature an 8-acre racecourse and international polo club, 128 private villa plots, 112 resort private residences, a five-star luxury resort with 300 keys, nine wedding destination venues, 12 corporate and MICE venues, an extreme adventure park, the Della range golf, and wellness facilities. The township will be designed in a contemporary, organic, British colonial architectural and design style. The project is currently in advanced planning stages, with land acquisition completed and design finalisation underway. The first phase is expected to launch in the next three months, with possession slated for early next year for resort and villa plots, and by the end of 2026 for private residences.
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
