Mahindra Lifespace Acquires 13.46-Acre Land in Pune for Rs 3,500 Crore Housing Project
Mahindra Lifespace Developers Ltd has acquired a 13.46-acre land in Pune to develop a housing project worth Rs 3,500 crore. The company also announced plans to redevelop four housing societies in Malad, Mumbai, with an expected revenue of Rs 800 crore.
Real EstateMahindra LifespacePuneMumbaiHousing ProjectReal Estate MumbaiOct 11, 2025
In a regulatory filing, the company informed that the land has been acquired in the premier neighbourhood of Nande-Mahalunge in Pune. While the name of the seller and the deal value were not disclosed, the land is estimated to yield a development potential of about Rs 3,500 crore. This acquisition underscores Mahindra Lifespace's commitment to delivering high-quality residential projects in prime locations.
Mahindra Lifespace, a part of the Mahindra Group, is known for its robust portfolio of residential and integrated development projects. The company's development footprint spans 49.26 million square feet (saleable area) of completed, ongoing, and forthcoming residential projects across seven Indian cities. Additionally, it has over 5,000 acres of ongoing and forthcoming projects under development or management at its integrated developments and industrial clusters across four locations.
On Friday, the company also announced plans to redevelop four housing societies at Malad (West) in Mumbai. This redevelopment project, spread across about 1.65 acres, is expected to generate a revenue of Rs 800 crore from the sale of free area in these four societies. The project offers a development potential of Rs 800 crore, further solidifying Mahindra Lifespace's position in the Mumbai real estate market.
The acquisition in Pune and the redevelopment plans in Mumbai are part of Mahindra Lifespace's broader strategy to capitalize on the growing demand for quality housing in urban areas. With a strong focus on sustainable and integrated development, the company aims to deliver projects that meet the evolving needs of modern homebuyers and contribute to the overall growth of the real estate sector in India.
Mahindra Lifespace's commitment to innovation and customer satisfaction is evident in its wide range of projects, which include residential apartments, townships, and integrated developments. The company's emphasis on sustainable practices and smart living solutions has earned it a reputation for delivering projects that are not only aesthetically pleasing but also environmentally responsible.
As the real estate market in India continues to grow, Mahindra Lifespace remains at the forefront, leveraging its expertise and resources to create living spaces that enhance the quality of life for its customers. The company's latest acquisitions and redevelopment projects are expected to further strengthen its market position and drive its growth in the coming years.
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 in 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 the land located in Pune?
The land is located in the premier neighbourhood of Nande-Mahalunge in Pune.
What is the expected revenue from the redevelopment of housing societies in Malad, Mumbai?
The redevelopment of the four housing societies in Malad, Mumbai, is expected to generate a revenue of Rs 800 crore.
What is the total development footprint of Mahindra Lifespace?
Mahindra Lifespace's development footprint spans 49.26 million square feet (saleable area) of completed, ongoing, and forthcoming residential projects across seven Indian cities.
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