Mahindra Lifespace Acquires 13.46-Acre Land Near Pune: A Strategic Move in Real Estate
Mahindra Lifespace Developers Ltd has made a significant move in the Pune real estate market by acquiring a 13.46-acre land parcel in the Nande-Mahalunge area. The acquisition, estimated to yield a development potential of ₹3,500 crore, highlights the company's commitment to expanding in key growth corridors of Pune.
Real EstateLand AcquisitionPuneMahindra LifespaceDevelopment PotentialReal EstateOct 11, 2025
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.
Frequently Asked Questions
What is the size of the land parcel acquired by Mahindra Lifespace near Pune?
Mahindra Lifespace Developers Ltd has acquired 13.46 acres of land in the Nande-Mahalunge area near Pune.
What is the estimated development potential of the acquired land?
The acquired land is estimated to yield a development potential of ₹3,500 crore.
Why is the Nande-Mahalunge area considered promising for real estate development?
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.
What other significant project has Mahindra Lifespace announced recently?
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.
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.
Related News Articles
Mahindra Lifespaces Unveils Phase 4 of Pune's Premium Residential Project
Mahindra Lifespaces launches the final phase of its residential project Mahindra Happinest Tathawade in Pune
Tier 2 Cities: The Emerging Hotspots for Real Estate Investment in India
Discover why Tier 2 cities are becoming the next big investment hubs for real estate in India, driven by rapid urbanization, growing disposable incomes, and infrastructure development.
K-RERA Mandates BDA to Pay Rs 12.5 Lakhs for Construction Delay
In a significant ruling, the Karnataka Real Estate Regulatory Authority (K-RERA) has ordered the Bangalore Development Authority (BDA) to pay Rs 12.5 lakhs to a homebuyer for the delay in the project site development.
Omaxe's Share Price Plummets: A 52-Week Low Amid Rising Losses
Omaxe's stock hit a new 52-week low on Friday, opening at Rs 74.75 per share and dipping further during the trading session. This decline comes amid increasing financial losses for the real estate firm.
Tragic Electrocution Occurs While Setting Up Traps in Mulugu
A man was tragically electrocuted while setting up traps to hunt wildlife in the Mulugu district of Telangana. The incident highlights the dangers of tampering with electrical systems and the need for safety measures.
Navigating the Job Market: Challenges and Strategies Amid Economic Uncertainty
The current economic climate has left many industries grappling with job uncertainty and falling incomes. From ancillary services to real estate and consumer goods, the impact is widespread. This article explores the challenges and potential strategies to navigate these tough times.