Mahindra Lifespace Acquires Prime Land in Pune for Rs 3,500 Crore Housing Project
Mahindra Lifespace Developers Ltd has acquired a 13.46-acre land parcel in Pune to develop a large-scale residential project with an estimated development potential of Rs 3,500 crore. The company also plans to redevelop four residential housing societies in Malad, Mumbai.
Mahindra LifespacePuneReal EstateResidential ProjectsRedevelopmentReal Estate PuneOct 11, 2025
The acquisition reflects Mahindra Lifespace’s commitment to growth and expansion in strategic locations. While the company did not disclose the name of the seller or the deal value, the move is expected to bolster its market presence in Pune, a city known for its robust real estate market and growing demand for residential projects.
In addition to the Pune project, Mahindra Lifespace has also announced plans to redevelop four residential housing societies in Malad (West), Mumbai. This redevelopment project is expected to generate Rs 800 crore in revenue from the sale of free area. The company was selected as the preferred partner for the redevelopment work, which spans about 1.65 acres.
“Spread across about 1.65 acres, the project offers a development potential of Rs 800 crore,” Mahindra Lifespace stated in its regulatory filing. This project aligns with the company’s broader strategy to revitalize and modernize existing residential areas in key metropolitan cities.
Mahindra Lifespace’s total development footprint currently spans 49.26 million square feet (saleable area) of completed, ongoing, and forthcoming residential projects across seven Indian cities. The company’s portfolio includes a diverse range of projects, from high-rise apartments to integrated townships, catering to a wide spectrum of homebuyers.
Additionally, Mahindra Lifespace has over 5,000 acres of ongoing and upcoming projects under development and management at its integrated developments and industrial clusters across four locations in India. This extensive portfolio underscores the company’s commitment to sustainable and inclusive growth, aligning with the broader goals of the Mahindra Group, a leading multinational conglomerate with a strong presence in various sectors including automotive, agriculture, and real estate.
The acquisition in Pune and the redevelopment project in Malad are significant milestones for Mahindra Lifespace, reinforcing its position as a leading player in the Indian real estate market. These projects are expected to contribute significantly to the company’s revenue and profitability, while also enhancing its brand value and market share.
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 parcel in Pune.
What is the estimated development potential of the new project in Pune?
The estimated development potential of the new project in Pune is Rs 3,500 crore.
Where is the land located in Pune?
The land is located in the premier neighborhood of Nande-Mahalunge in Pune.
What is the redevelopment project in Malad, Mumbai, about?
The redevelopment project in Malad, Mumbai, involves redeveloping four residential housing societies, with a development potential of Rs 800 crore.
What is the total development footprint of Mahindra Lifespace?
Mahindra Lifespace’s total 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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