Hiranandani Communities Launches ‘The Arena’ in Panvel with INR 1,100 Cr Luxury Project

Addressofchoice 10 June 2025

In a significant boost to Panvel’s upscale real estate market, Hiranandani Communities has launched ‘The Arena’, a high-end INR 1,100 crore residential project nestled within the expansive 588-acre Hiranandani Fortune City. This landmark development is located in the fast-evolving Mumbai Metropolitan Region (MMR) and is poised to redefine luxury living in Panvel.

10-Acre Project with 8 Towers and Over 1,700 Premium Units

Spread across 10 acres, The Arena will consist of eight architecturally distinctive towers housing more than 1,700 upscale residences. Designed to blend luxury and lifestyle, the project promises world-class construction quality and thoughtful design that caters to modern living standards.

First Phase: 600 Residences in 3 Towers

The first phase includes three towers offering 600 units of meticulously planned 2, 3, and 4-BHK apartments, ranging in size from 730 to 1,900 sq. ft. The pricing starts at INR 1.31 crore for 2-BHKs, while 3 and 4-BHK apartments are priced upwards of INR 1.77 crore. These residences aim to attract both affluent Indian homebuyers and Non-Resident Indians (NRIs) seeking a luxurious address with long-term value.

Sports and Wellness-Focused Lifestyle at the Core

What sets The Arena apart is its strong focus on wellness and sports-inspired living. The project features a sports colosseum—a central attraction—designed to promote holistic health and an active lifestyle. This unique proposition aligns with the aspirations of young millennials and health-conscious buyers looking for integrated township living.

Strategic Location Boosts Investment Appeal

Panvel’s transformation into an economic hub is accelerating due to major infrastructural developments like the Mumbai Trans Harbour Link (MTHL) and the upcoming Navi Mumbai International Airport. These projects significantly improve connectivity, making The Arena an ideal investment for both capital appreciation and rental income.

Developer’s Vision and Market Demand

Commenting on the launch, Niranjan Hiranandani, Chairman of Hiranandani Communities, said, “This location is emerging as a key economic and real estate hub. The Arena is our response to the rising demand for high-quality, integrated residential communities in Panvel.” With demand surging for homes that combine luxury, convenience, and future-ready infrastructure, this project is timed perfectly for the market’s trajectory.