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MUMBAI, INDIA-Building to scale in one of the world's most populated regions means super-sizing, and the imposing Panvel Township is no exception, with 18 million sf of construction envisioned for the 280-acre master-planned community. Now the venture is getting a big-time financial boost and experienced partner in Hirco PLC, a homegrown real estate developer and investment group funneling nearly $140 million into the concept.

"The Panvel development will certainly be one of the foremost communities in Mumbai and the country," proclaims Hirco PLC CEO Priya Hiranandani-Vandrevela in revealing the commitment. Among the elements being incorporated are academic buildings, community centers, a hospital, and facilities for entertainment, retail and sporting uses. There will be multiple housing types, including flats, townhomes and villas. The self-inclusive enclave will have its own bus terminal and plentiful parking as well, and offers close access to a second airport being constructed to service the Greater Mumbai metropolitan region of 16 million people.

While Panvel Township does have an ambitious footprint, Hiranandani-Vandrevela notes that the company specializes in such ground-up initiatives, with Hirco PLC a subsidiary of Hiranandani, India's premier developer of mixed-use townships. A lack of infrastructure in many parts of the emerging country mandates taking such a full-scale approach, Hiranandani-Vandrevela explains. "We continue to bring together talent, experience, relationships and reputation to deliver communities and high-quality infrastructure in picturesque settings," says the Hirco principal, describing the concept as one "where luxury meets convenience."