Image Source: Hiranandani Communities
Hiranandani Communities has introduced 'The Arena', a brand landmark residential complex at Panvel, Mumbai Metropolitan Region (MMR), with a record top-line revenue of more than ₹1,100 crore from Phase I.The ambitious project is an expansion of the 588-acre township of Hiranandani Fortune City, further consolidating Panvel as a rapidly growing realty hub.
Key Highlights:
Project Size & Revenue: Phase 1 of 'The Arena' contains around 600 residential units, with the revenue target of more than ₹1,100 crore.
Location Advantage: Strategically located in Hiranandani Fortune City, Panvel—a 588-acre integrated township which has already delivered over 2,200 apartments and has 3,000+ satisfied residents.
Product Mix: The township offers diverse choices with 1, 2, and 3 BHK apartments for different categories of homebuyers.
Amenities Galore: Over 50 amenities like the clubhouse, swimming pool, gymnasium, jogging track, sports courts, play courts for children, spa, yoga room, amphitheater, reflexology park, and lots more will be at the residents' disposal.
Connectivity & Infrastructure: The project is facilitated by its proximity to major infrastructure projects like the proposed Navi Mumbai International Airport, Virar-Alibaug Multimodal Corridor, Mohape Railway Station, and large industrial and corporate clusters.
Developer's Vision: Chairman Niranjan Hiranandani emphasized Panvel's growing per capita income, growing employment opportunities, and higher demand for healthy housing solutions as drivers of growth.
Track Record: Hiranandani Fortune City has already exhibited good occupancy and customer satisfaction, additionally supporting buyer confidence in the new launch.
"Growth opportunities in Panvel are also fuelled by higher per capita incomes, broader jobs opportunities, and movement of talent seeking within-the-city residential solutions," stated Niranjan Hiranandani, Chairman, Hiranandani Communities.
This launch is aimed at strengthening Panvel's status as an attractive residential center, with quality amenities backed by robust connectivity and a dynamic community ecosystem.
Source: The Economic Times, Rediff Money
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