Racecourse Township Lands in North Hinjewadi With Villa Plots from ₹1.8 Cr

Krisala Della Racecourse Township Opens Pre-Launch in North Hinjewadi, Pune

Krisala Developers, with Hiranandani Communities as joint venture partner and Della Resorts & Adventure as development-management partner, has brought Krisala Della Racecourse Township to the pre-launch stage in Darumbre, North Hinjewadi. The 40-acre integrated township is built around an 8-acre racecourse and polo club, and it combines private villa plots, branded residences, sky villas and a 5-star resort of more than 300 rooms. Villa plots carry an indicative starting price of ₹1.80 Cr, with indicative base guidance of ₹1.80–3.50 Cr, and possession is listed for December 2029.

The project was unveiled on 8 May 2025, when Della Resorts, Hiranandani Communities and Krisala Developers announced a ₹1,100 crore racecourse-themed township. Pre-booking opened on 25 May 2025, and the developer has pointed to a launch in the last week of June 2025. Land acquisition is complete and design finalisation is under way. Facts as on May 2025, from the developer.

One point needs to be plain from the start. The project is not yet RERA registered and is not open for sale or booking until registration. The expression of interest window the developer has run since May 2025 gathers buyer interest, but it does not amount to a booking, and buyers should not pay any amount against it.

Impact on Homebuyers

For a buyer, the most useful number here is the plot. Villa plots measure 4,500 to 5,000 sq ft, with usable carpet area between 2,000 and 5,000 sq ft, and independent G+2 villa construction is permitted. Plot owners get private access to the polo track, and the developer lists a Della Concierge Club Membership as a feature of the villa plots. A CLP or Flexi payment plan is listed for the villa plots, which will matter to buyers who want to stage their outgo over construction.

What we can say is that the ₹1.80 Cr starting point puts the villa plots well above the apartment pricing in the same micro-market. The developer's own Krisala Hiranandani Township in North Hinjewadi offers 2 BHK homes from ₹79 lakh, 3 BHK from ₹1.25 crore and 4 BHK from ₹2.10 crore. Anyone choosing between a large villa plot and a premium apartment should weigh how much they want land, privacy and a racecourse view against the lower entry cost and faster possession of a flat.

Buyers should also treat the developer's return claim with care. The developer says the project can deliver up to 9% return on investment, against a typical 3% in residential real estate. That is the developer's claim, not a guaranteed outcome, and the Hinjewadi rental yield of about 5.4% comes from a listing-based estimate. Our advice is to wait for RERA registration, read the agreement closely, and act only once the approvals that the developer describes as under way have been cleared.

Expert Analysis

The case behind this launch is less about bricks and more about the model. Della's approach, which the developer calls its CDDMO model, covers conceptualisation, design, development, marketing and operations under one roof. The developer presents the racecourse as India's first inside a residential township, and the township is aiming for an IGBC Green Townships Platinum rating with TERI. Whether a racecourse-led township sells at the premium it targets will depend on how well the resort, polo club and design district are run once the homes are occupied.

The developer's track record in Pune gives some grounding for buyers. Krisala Developers has completed more than 16 projects, delivered about 2.3 million sq ft, has around 6.3 million sq ft under development, and reports over 4,500 families as customers. Its 41 Earth project in Tathawade was handed over in 2022, and the company describes timely delivery as a core value. Krisala has been active in Pune for more than a decade, which is a longer run than most new entrants in the city can show.

North Hinjewadi itself is a demand pocket. Hinjewadi is a major IT employment cluster, and the Pune Metro Line 3 corridor runs from Hinjewadi to Shivajinagar over roughly 23 km, with the first stations opening in November 2026 and the remaining ones due through early 2027. The corridor cost more than ₹8,300 crore, and it gives the locality a direct rapid transit link to central Pune for the first time.

What to Expect Next

The developer has pointed to a launch in the last week of June 2025, which will be the first formal step after pre-launch. Before the project can be sold, it needs to clear its statutory approvals and be registered under RERA. Buyers should watch for the RERA registration number, because that is the document that confirms the project's approved plans, timelines and the escrow treatment of buyer money. Construction completion is listed for September 2029, with possession in December 2029.

Market reaction is likely to follow the metro and road milestones. The Pune Ring Road is proposed and passes about 5 minutes from the township, while the Pune Expressway is about 20 minutes away. Plans for Metro Line 4 and two Line 2 corridors are also in the pipeline, and foundation stones for four Phase II corridors worth about ₹13,500 crore were laid in November 2026. If those corridors move on schedule, the North Hinjewadi micro-market should see more buyer interest.

Related Projects and Areas Affected

• North Hinjewadi and Darumbre: the township's immediate catchment, where the 105-acre wider township, with over 70% open space, will shape local demand over the next few years.
• Developer's Hiranandani township in North Hinjewadi: an existing Krisala project with 2, 3 and 4 BHK homes, which will be the nearest like-for-like comparison for buyers in this corridor.
• Krisala's premium Hinjewadi project (41 Zoy): a 2 and 3 BHK residence that gives buyers a Hinjewadi alternative with a lower entry ticket than a villa plot.
• Hinjewadi IT corridor and Pune Metro Line 3: the employment and transit spine that will support rental demand for both villas and apartments in the area.

Full project details: Krisala Della Racecourse Township