Hiranandani Launches Rs 17,000 Crore Alibaug Township
Hiranandani Communities is set to develop a luxurious 225-acre township near Mumbai, aiming to transform Alibaug's real estate market. The first phase has already been sold out.
HiranandaniAlibaugLuxury HomesReal EstateMumbaiReal Estate MumbaiSep 29, 2025
Niranjan Hiranandani, the Founder and Managing Director of Hiranandani Communities, envisions Hiranandani Sands as a catalyst for Alibaug's real estate transformation. The township is supported by improving last-mile connectivity and year-round access via multiple modes of transportation, including sea, road, rail, and air.
The township will span 225 acres and is expected to generate an estimated revenue of Rs 17,000 crore. Hiranandani highlighted the rising demand for luxury homes, which will appeal to both domestic and NRI investors. The project is further supported by the Integrated Township Project (ITP) incentives, such as a 50 percent stamp duty concession.
The first phase of Hiranandani Sands covers 3.3 lakh square feet and comprises three residential towers with 330 units. Remarkably, all units were sold out at the launch, underscoring the strong demand for premium coastal living.
Hiranandani Group has a robust track record in the real estate sector, with three operational townships at Powai and Panvel in the Mumbai region, and Oragadam in Chennai. Over the past four decades, the company has delivered approximately 35 million square feet of residential space and 15 million square feet of commercial space. The group has also diversified into industrial and logistics parks.
The development of Hiranandani Sands is expected to enhance Alibaug's appeal as a prime residential and investment destination, leveraging the region's natural beauty and strategic location. With a focus on luxury and connectivity, the township is set to redefine the coastal living experience in the Mumbai region.
Hiranandani Communities continues to innovate and expand its portfolio, contributing significantly to the growth of the real estate sector in India. The success of Hiranandani Sands is a testament to the company's commitment to delivering high-quality, sustainable, and desirable living spaces.
Frequently Asked Questions
What is Hiranandani Sands?
Hiranandani Sands is a 225-acre luxury township being developed by Hiranandani Communities in Alibaug, near Mumbai. It includes luxury homes, signature villas, plotted developments, and branded serviced apartments.
What is the estimated revenue potential of Hiranandani Sands?
The estimated revenue potential of Hiranandani Sands is Rs 17,000 crore.
Who is the Founder and Managing Director of Hiranandani Communities?
Niranjan Hiranandani is the Founder and Managing Director of Hiranandani Communities.
What incentives are available for investors in Hiranandani Sands?
Investors in Hiranandani Sands can benefit from Integrated Township Project (ITP) incentives, including a 50 percent stamp duty concession.
How many units were sold in the first phase of Hiranandani Sands?
The first phase of Hiranandani Sands, which includes 330 units across three residential towers, was sold out at launch.
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