Mahindra Lifespace Acquires 13.46-Acre Land Parcel Near Pune for ₹3500 Crore Development

Mahindra Lifespace Developers Ltd, a leading real estate developer based in Mumbai, announced on October 11 that it has acquired a 13.46-acre land parcel in the Nande-Mahalunge area near Pune. The land is estimated to yield a development potential of ₹3500 crore.

According to the company, the site is strategically located and offers quick access to Hinjewadi. It is surrounded by well-developed social infrastructure, including top educational institutes. The location is also equidistant from Baner-Balewadi and Hinjewadi, which are major IT and BFSI hubs in Pune.

“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 situated within the well-planned Mahalunge micro-market, offering excellent connectivity through the proposed PMRDA Town Planning Scheme and the upcoming Inner Ring Road, adjacent 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.

On a related note, Mahindra Lifespace also 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 Malad West project is situated 2.6 km from the Western Express Highway (WEH) and 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 listed real estate company known for its focus on sustainable and integrated townships. The company aims to create future-ready living spaces that cater to the evolving needs of urban India. With this acquisition and redevelopment project, Mahindra Lifespace continues to expand its footprint in key markets and solidify its position as a leading player in the real estate sector.