The Arena: Panvel's ₹1,100 Crore Luxury Launch by Hiranandani

Hiranandani Communities has announced the launch of The Arena, a premium ₹1,100 crore residential development nestled within the expansive 588-acre Hiranandani Fortune City in Panvel, part of the fast-evolving Mumbai Metropolitan Region (MMR). Spanning 10 acres, the upscale enclave comprises eight towers and more than 1,700 luxury residences.

The project’s first phase features three towers, offering 600 thoughtfully designed 2, 3, and 4-BHK apartments ranging from 730 to 1,900 sq. ft. Prices begin at ₹1.31 crore for 2-BHK units, with 3 and 4-BHK options starting from ₹1.77 crore. The Arena blends premium living with wellness-centric design, highlighted by amenities such as a distinctive sports colosseum—targeting aspirational buyers, including millennials and non-resident Indians (NRIs).

Ideally situated to leverage Panvel’s burgeoning infrastructure—such as the Mumbai Trans Harbour Link and the upcoming Navi Mumbai International Airport—the development is poised to deliver significant capital appreciation and robust rental returns.

“This location is emerging as a key economic and real estate hub,” said Niranjan Hiranandani, Chairman of Hiranandani Communities. “The Arena addresses the rising demand for integrated, high-quality housing in Panvel.”

News by Rahul Yelligetti.