Our dear friend Jimmy Mistry announces his latest business venture
When visionaries in real estate come together — with the legendary Mr. Dr. Niranjan Hiranandani and Pune’s growth leader Mr. Sagar Agarwal of Krisala Group — it’s more than a partnership.
Thrilled to introduce Della Racecourse, Pune — a 40-acre masterpiece that’s all set to transform the skyline of Pune with a ₹1100 Cr investment. This isn’t just a township — it’s a revolution, where thematic living and experiential hospitality come together like never before.
Featuring 112 resort-style private residences, 128 exclusive villa plots, 300-key 5-star resort rooms, all surrounding a lush 8-acre racecourse, fine dining spaces, and an international polo club — Della Racecourse is a bold statement of future-fit living.
We’re not just building spaces — We’re crafting experiences.
We’re shaping legacies.
Della Resorts has partnered with Hiranandani Communities and Krisala Developers to co-develop a 40-acre racecourse-themed township in Pune’s North Hinjewadi
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.
Article by Prachi Pisal | Business Standard
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.
3 powerhouses, ₹1,100 crore vision: Della, Hiranandani & Krisala redefine Pune’s real estate
A racecourse-themed, hospitality-led mega township in North Hinjewadi sets a new benchmark for luxury living and high-return investments…..
In a first-of-its-kind move in the Indian real estate sector, Della Resorts & Adventure has entered into a proprietary CDDMO™ Model with Hiranandani Communities and Krisala Developers to launch a landmark, racecourse-themed mega township in Pune with a revenue potential of INR 1,100 crore.
The themed-based, hospitality-driven model unlocks a new investment class in real estate with a potential to yield up to 9% ROI. This model ensures that the value proposition extends far beyond real estate, creating a curated lifestyle ecosystem that blends unmatched luxury, community, and experiential hospitality.
Article in Hotelier India
A 40-acre hospitality-first lifestyle destination in North Hinjewadi
Spanning over 40 acres in Pune’s North Hinjewadi, the township will include an 8-acre Racecourse & International Polo Club, 128 Private Villa Plots, 112 Resort Private Residences, a 5-star luxury resort with 300 keys, 9 wedding destination venues, 12 corporate & MICE venues, an extreme adventure park, Della Range Golf, wellness facilities, and experiential spaces anchored by Della’s signature design sensibilities.
The township’s contemporary organic and British colonial architectural and design style resonates deeply with the aesthetic preferences of a new generation of homeowners and investors who value experiential living, steady returns, and long-term asset growth.
Redefining real estate: Transforming products into experiences
The visionary behind this milestone development, Jimmy Mistry, Founder and Chairman of Della Resorts and Adventure, said, “This isn’t just another township—it’s the birth of a never-seen-before real estate model in India. 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%—breaking conventional expectations and giving assured returns of up to 9% on real estate investments. This is the luxury future-fit living, curated with precision and powered by design, innovation, and operational excellence.”
Evolving aspirations call for integrated, curated ecosystems
Industry veteran Niranjan Hiranandani, Chairman of Hiranandani Communities, shared his view on this partnership: “The Indian real estate landscape is undergoing a paradigm shift, driven by homebuyers’ rising aspirations for lifestyle-focused living in integrated, one-stop destinations. The industry must embrace trends that emphasize the seamless integration of space and services to enhance customer centricity.
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 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.”
Delivering scale, sustainability, and strategic partnerships
Enthused about this collaboration, Sagar Agarwal, CMD of Krisala Developers, said, “The 105-acre integrated township we have envisioned with Hiranandani Communities is built on the pillars of scale, sustainability, and smart urbanism. 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. Located in North Hinjewadi with seamless access to the Mumbai–Bangalore National Highway, the township is uniquely positioned to attract buyers and investors. Together with Della, we’re creating a destination that blends livability, aspiration, and high-value investment—setting a new national benchmark for residential real estate.”
What lies ahead: timelines and vision
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 and villa plots, and end of 2026 for private residences.
Hiranandani, Krisala, Della Resorts ink development pact for 40 acres in Pune’s Hinjewadi
Article in the Economic Times
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 area.
This 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 said.
According 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 sales.