Business

Hiranandani Group Launches ₹7,000 Crore Real Estate Project in Pune

Published

1 year ago

February 21, 2025

The Hiranandani Group, based in Mumbai, has officially announced its venture into the Pune real estate market. This initiative, launched on Thursday, involves a joint project aimed at developing a 105-acre integrated township over the next decade, with an investment exceeding Rs 2,000 crore and a potential revenue of around Rs 7,000 crore.

The integrated township will be developed in North Hinjewadi, Pune, in collaboration with Krisala Developers, under a 50:50 revenue-sharing agreement. According to the company’s announcement, the township is set to feature residential and commercial complexes, retail spaces, apartment units, villa plots, branded residences, and various recreational amenities.

As part of this agreement, the initial phase of the project is projected to require roughly Rs 500 crore in investment, with an expected turnover of about Rs 2,100 crore. This phase will cover 30 acres of land, aiming to deliver a minimum of 3 million square feet of real estate space.

The land is owned by the Hiranandani Group, which had originally intended to sell it. However, the decision was made to pursue a joint venture, with Colliers India facilitating the deal, a company known for its expertise in commercial real estate services, engineering consulting, and investment management.

“This strategic collaboration is designed to harness the local expertise of Krisala Developers alongside the established brand experience of the Hiranandani Group. Both parties are committed to an effective integration of vision and skills, addressing all aspects from land development and approvals to execution,” stated the company.

Hiranandani Group Chairman, Niranjan Hiranandani, noted, “Major infrastructure projects are creating vital last-mile connectivity between Mumbai and Pune, energizing both the Mumbai Metropolitan Region (MMR) and the Pune real estate markets. This connectivity meets the living demands of migrating talent. Pune’s real estate sector is experiencing significant growth, fueled by its flourishing IT hubs, excellent connectivity, and a wave of skilled professionals. The direct link between these two prominent business cities has unlocked unprecedented opportunities for real estate development.”

Krisala Developers Managing Director, Aakash Agarwal, added, “The project is designed to meet the needs of first-time homebuyers, those looking for second homes, investors, and NRIs, ensuring inclusivity and comfort for all demographics. Our partnership with esteemed energy and resource institutes aims to maintain an air quality index (AQI) of 40, ensuring a healthier living environment for residents.”

Business

Tomato Prices Crash from Rs.1200 to Rs.80, Farmers in Distress

Published

3 weeks ago

March 25, 2026

Namma Kudla

Business: Tomato prices in Vijayanagara district have dropped sharply, causing heavy losses to farmers and traders. A box of tomatoes that was earlier sold for Rs.1000 to Rs.1200 is now being sold for just Rs.80 to Rs.100.

Due to the sudden fall in prices, farmers are struggling to recover their investment. Many had taken loans to grow the crop and are now facing financial difficulties.

In local markets, traders are selling tomatoes at very low rates. Around 2 to 4 kilograms of tomatoes are being sold for just Rs.20.

The price crash has been linked to multiple reasons. Export of tomatoes to other countries has reduced due to the Iran–Israel conflict. In addition, many hotels are not operating properly due to a shortage of cooking gas cylinders. This has reduced demand for tomatoes.

As a result, both farmers and sellers are facing serious losses, and the situation has become very difficult for them.

Business

Gold Prices Rise in Mangaluru; 24K Gold at Rs.13,564 per Gram

Published

3 weeks ago

March 24, 2026

Namma Kudla

Mangaluru: Gold prices in the coastal city of Mangaluru have been updated today, reflecting the latest market trends.

The price of 24 karat gold (99.9% purity) stands at Rs.13,564 per gram. Meanwhile, 22 karat gold (91.6% purity) is priced at Rs.12,434 per gram. The rate for 18 karat gold (75% purity) is Rs.10,173 per gram.

Mangaluru, known for its rich coastal culture and love for seafood, also has a deep connection with gold. The demand for gold ornaments in the city remains strong, especially during weddings and festivals.

The gold trade in Mangaluru has a long history and continues to play an important role in the local economy. Many families prefer investing in gold due to its cultural and financial value.

Buyers are advised to check the latest rates before making any purchase, as gold prices may change daily based on market conditions.

For those planning to buy gold, using a Gold Rate Calculator can help in getting accurate pricing based on weight and purity.

Business

Good News for Milk Producers in Chikkaballapur – 50 Paise Increase per Litre

Published

1 month ago

March 8, 2026

Namma Kudla

Chikkaballapur: The Chikkaballapur Milk Union (Chimul) has announced good news for milk producers in Chikkaballapur district. The union has decided to increase the milk procurement price by 50 paise per litre, which will benefit dairy farmers in the district.

Earlier, on January 1, Chimul had increased the price by Rs.1 per litre as a New Year benefit to farmers. Now, the union has announced an additional 50 paise increase.

With this latest revision, dairy farmers will receive Rs.36.40 per litre for milk. The 50 paise increase will remain in effect until the end of May.

Chimul President Manjunath Reddy told Public TV that the union will review its profits and may continue the price increase in the future based on financial performance.

The decision is expected to provide some relief and encouragement to dairy farmers in Chikkaballapur district.