Mahindra Lifespace Acquires 13.46-Acre Land in Pune for Rs 3,500 Crore Housing Project
Mahindra Lifespace Developers Ltd has purchased a 13.46-acre plot in Pune's Nande-Mahalunge area to develop a housing project worth Rs 3,500 crore. The company also plans to redevelop four housing societies in Malad, Mumbai, with an expected revenue of Rs 800 crore.
Real EstateMahindra LifespacePuneMumbaiHousing ProjectReal EstateOct 11, 2025
On the same day, Mahindra Lifespace also revealed plans to redevelop four housing societies in Malad (West), Mumbai. The project, spread across approximately 1.65 acres, is expected to generate a revenue of Rs 800 crore from the sale of free area in these societies. This strategic move underscores the company's commitment to expanding its presence in key metropolitan areas.
Mahindra Lifespace, a part of the Mahindra Group, has a robust development footprint spanning 49.26 million square feet (saleable area) of completed, ongoing, and forthcoming residential projects across seven Indian cities. The company also manages over 5,000 acres of ongoing and forthcoming projects at its integrated developments and industrial clusters across four locations.
The acquisition in Pune and the redevelopment project in Mumbai highlight Mahindra Lifespace's strategic approach to capitalizing on high-potential real estate opportunities. With a focus on sustainable and integrated developments, the company aims to meet the growing demand for quality housing and commercial spaces in urban areas.
Equity investments in Indian real estate have shown a significant rise, increasing by 48% to $3.8 billion in the July-September quarter of 2023, according to CBRE. This trend indicates a strong outlook for the real estate sector, with investors and developers like Mahindra Lifespace playing a crucial role in driving growth and innovation.
Mahindra Lifespace's commitment to sustainable practices and community development is evident in its projects. The company's integrated developments often include green spaces, recreational facilities, and infrastructure that enhances the quality of life for residents. As the real estate market continues to evolve, Mahindra Lifespace is well-positioned to capitalize on emerging opportunities and deliver value to its stakeholders.
The acquisition of the land in Pune and the redevelopment project in Mumbai are just the latest in a series of strategic moves by Mahindra Lifespace. These initiatives not only expand the company's portfolio but also contribute to the overall development of the regions they operate in, fostering economic growth and improving living standards for residents.
Frequently Asked Questions
What is the size of the land acquired by Mahindra Lifespace in Pune?
Mahindra Lifespace has acquired a 13.46-acre land plot in Nande-Mahalunge, Pune.
What is the estimated value of the housing project in Pune?
The housing project in Pune is estimated to be worth Rs 3,500 crore.
Where is Mahindra Lifespace planning to redevelop four housing societies?
Mahindra Lifespace plans to redevelop four housing societies in Malad (West), Mumbai.
What is the expected revenue from the redevelopment project in Malad?
The redevelopment project in Malad is expected to generate a revenue of Rs 800 crore.
What is Mahindra Lifespace's total development footprint in India?
Mahindra Lifespace's development footprint spans 49.26 million square feet of completed, ongoing, and forthcoming residential projects across seven Indian cities.
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