Mahindra Lifespace Invests in Pune Land for ₹3,500 Crore Housing Project
Mahindra Lifespace Developers Ltd, part of the Mahindra Group, has acquired a 13.46-acre land in Pune for a ₹3,500 crore housing project. The acquisition marks a significant expansion in the company's development footprint across India.
Mahindra LifespacePuneReal EstateHousing ProjectsMahindra GroupReal Estate PuneOct 11, 2025
In a regulatory filing late Friday, Mahindra Lifespace informed that the acquisition will enable the company to tap into the burgeoning demand for residential properties in Pune. The company, a part of the Mahindra Group, did not disclose the name of the seller or the deal value. However, the land is estimated to yield a development potential of about Rs 3,500 crore, reflecting the company's confidence in the Pune real estate market.
On the same day, Mahindra Lifespace also announced plans to redevelop four housing societies at Malad (West) in Mumbai. The company expects to generate a revenue of Rs 800 crore from the sale of free area in these four societies. The redevelopment project, spread across about 1.65 acres, offers a development potential of Rs 800 crore, further diversifying the company's portfolio.
Mahindra Lifespace's development footprint spans 49.26 million square feet (saleable area) of completed, ongoing, and forthcoming residential projects across seven Indian cities. These cities include key metropolitan areas such as Mumbai, Pune, and others, which are experiencing rapid urbanization and a surge in demand for quality housing.
The company's extensive portfolio also includes over 5,000 acres of ongoing and forthcoming projects under development or management at its integrated developments and industrial clusters across four locations. This robust pipeline underscores Mahindra Lifespace's commitment to sustainable and inclusive growth in the Indian real estate sector.
The acquisition of the 13.46-acre land in Pune and the redevelopment plans in Mumbai are strategic moves that align with Mahindra Lifespace's vision to provide high-quality, sustainable living solutions to a growing urban population. These initiatives not only enhance the company's market presence but also contribute to the economic and social development of the regions where they operate.
Mahindra Lifespace Developers Ltd, a subsidiary of the Mahindra Group, is a leading real estate developer in India. The company is known for its commitment to sustainable development and has been at the forefront of creating innovative and eco-friendly residential projects. With a strong focus on quality and customer satisfaction, Mahindra Lifespace continues to set benchmarks in the Indian real estate industry.
Frequently Asked Questions
What is the value of the land acquired by Mahindra Lifespace in Pune?
The land acquired by Mahindra Lifespace in Pune is estimated to yield a development potential of about Rs 3,500 crore, although the exact deal value has not been disclosed.
Where is the 13.46-acre land located in Pune?
The 13.46-acre land is located in the premier neighborhood of Nande-Mahalunge in Pune.
What other projects is Mahindra Lifespace planning in Mumbai?
Mahindra Lifespace is planning to redevelop four housing societies at Malad (West) in Mumbai, expecting to generate a revenue of Rs 800 crore from the sale of free area in these societies.
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.
What is Mahindra Lifespace's commitment to sustainable development?
Mahindra Lifespace is committed to sustainable development and is known for creating innovative and eco-friendly residential projects. The company focuses on quality and customer satisfaction, setting benchmarks in the Indian real estate industry.
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