Krisala Developers, Hiranandani Communities Announce ₹2,100 Crore Golf Township in Nagpur
Krisala Developers has announced its entry into Nagpur through a luxury golf lifestyle township project in partnership with Hiranandani Communities. The project, being developed under Eleva by Hiranandani Communities, has an estimated revenue potential of ₹2,100 crore.
Positioned as Nagpur’s first luxury golf course township, the development will feature neo-classical architecture, expansive green spaces and an integrated golf course. The project will include 51 ultra-luxury plots, along with townhouses and villas, targeting high-net-worth individuals (HNIs) and ultra-high-net-worth individuals (UHNIs).
Dr. Niranjan Hiranandani, Chief Managing Director of Hiranandani Communities, said, “India’s sustained investment in multi-modal corridors and last-mile connectivity is redrawing the country’s growth map. Real estate is what turns that connectivity into economic activity. Nagpur, powered by the Samruddhi Expressway, the Metro and MIHAN, is seeing rising demand across residential, commercial, logistics and retail real estate. The sector contributes about 7% of India’s GDP and is set to become a $1 trillion market by 2030. As one of the country’s largest employers, with links to construction, manufacturing and services, it is a key engine of Viksit Bharat. We will develop the Nagpur project in association with Krisala Developers under Eleva by Hiranandani Communities, our development management platform. It will add jobs, investment and social infrastructure to the regional economy. Alongside this, we will continue to expand through integrated townships, redevelopment, joint development, and joint ventures. One size does not fit all in real estate. A diversified model helps us read each market right and grow steadily through this upcycle.”
Mr. Aakash Agarwal, Managing Director, Krisala Developers, said, “Our growth strategy is centred on building a differentiated real estate portfolio that can scale across markets while remaining anchored in quality, design and customer aspirations. The premium and luxury segments offer an opportunity to move beyond conventional housing propositions and create developments that deliver a more distinctive lifestyle experience. For Krisala, entering Nagpur is also a strategic step towards diversifying our geographic presence and building a stronger foothold in markets with long-term growth potential. We believe that combining our understanding of evolving homebuyer preferences with the development expertise of Hiranandani Communities will help us create enduring brand value and establish a platform for sustained growth in the years ahead.”
Krisala Developers has a portfolio spanning residential and commercial real estate. Its developments include the 105-acre Land of Dreams township, a second township spanning more than 100 acres and a 1 million sq. ft. Grade A+ commercial development.
The Nagpur project marks the developer’s expansion beyond its established presence in Pune and the Pimpri-Chinchwad region into another market with long-term growth potential.
