Mumbai, Feb. 22 -- Niranjan Hiranandani Group announces its much-awaited foray into Pune real estate market by inking its first ever joint development deal of 105 acres with renowned Krisala developers. The project is located at North Hinjewadi, and will be developed under Integrated township policy, comprising of residential, commercial and retail development.

The joint development currently launches Phase I development spanned across 30 acres of land with minimum potential of delivering 3 million square feet of real estate spaces. As part of a joint development deal, the investment in phase 1 development is estimated at approximately Rs 500 crore, with a projected turnover pegged at approximately Rs 2100 crore. The proposed development...