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Mahindra Lifespace Acquires 13.46-Acre Land Near Pune: A Strategic Move in Real Estate

Published: October 11, 2025 | Category: Real Estate
Mahindra Lifespace Acquires 13.46-Acre Land Near Pune: A Strategic Move in Real Estate

Mumbai-based, listed real estate developer, Mahindra Lifespace Developers Ltd, announced on October 11 that it has acquired 13.46 acres of land in the Nande-Mahalunge area near Pune. The land is estimated to yield a development potential of ₹3,500 crore.

According to the company, the site is located and offers quick access to Hinjewadi, surrounded by well-developed social infrastructure that includes top educational institutes. Moreover, the location is also equidistant from Baner-Balewadi and Hinjewadi micro markets, which are IT and BFSI hubs of Pune, the company said in the statement.

“Mahalunge-Nande-Maan are among Pune’s most promising micro-markets, having witnessed strong absorption over the past few years. There is a clear and growing demand for high-quality, future-ready homes with modern amenities in this region,” stated Vimalendra Singh, Chief Business Officer – Residential, Mahindra Lifespace Developers Ltd.

This land parcel is strategically located within the well-planned Mahalunge micro-market, offering excellent connectivity through the proposed PMRDA Town Planning Scheme and the upcoming Inner Ring Road, next to Hinjewadi. The acquisition reinforces our commitment to Pune and aligns with our strategy to strengthen our presence across the city’s key growth corridors, Singh added.

In addition to this significant land acquisition, the company announced on October 10 that it had been selected as the preferred partner for the redevelopment of four residential societies in the Malad West area of Mumbai. The project offers a development potential of ₹800 crore. The four societies are spread across approximately 1.65 acres.

The project is situated 2.6 km from the Western Express Highway (WEH), and it provides connectivity to key areas of Mumbai via multiple transportation modes. It is conveniently situated less than 1 km from Malad West Metro Station and around 1.5 km from Malad Railway Station.

Mahindra Lifespace Developers Ltd is a leading real estate developer in India, known for its commitment to sustainable and integrated township development. The company's recent acquisitions and projects underscore its strategic focus on high-potential markets and its dedication to delivering high-quality, future-ready homes and communities.

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Frequently Asked Questions

1. What is the size of the land parcel acquired by Mahindr
Lifespace near Pune? A: Mahindra Lifespace Developers Ltd has acquired 13.46 acres of land in the Nande-Mahalunge area near Pune.
2. What is the estimated development potential of the acquired land?
The acquired land is estimated to yield a development potential of ₹3,500 crore.
3. Why is the Nande-Mahalunge are
considered promising for real estate development? A: The Nande-Mahalunge area is considered promising due to its proximity to Hinjewadi, a well-developed social infrastructure, and its equidistant location from Baner-Balewadi and Hinjewadi micro markets, which are IT and BFSI hubs of Pune.
4. What other significant project has Mahindr
Lifespace announced recently? A: Mahindra Lifespace has also been selected as the preferred partner for the redevelopment of four residential societies in the Malad West area of Mumbai, with a development potential of ₹800 crore.
5. What is the strategic importance of the land parcel in the Mahalunge micro-market?
The land parcel is strategically located within the well-planned Mahalunge micro-market, offering excellent connectivity through the proposed PMRDA Town Planning Scheme and the upcoming Inner Ring Road, next to Hinjewadi. This aligns with Mahindra Lifespace's strategy to strengthen its presence across key growth corridors of Pune.