Mahindra Lifespace Shares Climb 2% on Pune Land Deal
The Mahindra Group's real estate arm, Mahindra Lifespace Developers Ltd, has acquired 13.46 acres of land in Pune's Nande-Mahalunge, boosting its shares by 2%.
Real EstateLand AcquisitionMahindra LifespacePuneDevelopment PotentialReal Estate PuneOct 13, 2025
Mahindra Lifespaces stated that the newly acquired land in Pune has a development potential of approximately Rs 3,500 crore. The 13.46-acre land in Nande-Mahalunge offers quick access to the IT hub of Hinjewadi. It is close to top educational institutes like Delhi Public School and Symbiosis Centre for Management.
According to Vimalendra Singh, Chief Business Officer – Residential, the land is strategically located in the well-planned Mahalunge micromarket. It has strong connectivity via the proposed PMRDA Town Planning Scheme and the upcoming Inner Ring Road near Hinjewadi. He added that the move strengthens the company’s presence in Pune’s key growth corridors.
This announcement follows another expansion move in Mumbai. There, the company was selected as the preferred partner for redeveloping four residential societies in Malad (West). The total development potential is around Rs 800 crore. In September, Mahindra Lifespaces was also selected for two redevelopment projects in Chembur, Mumbai. These projects cover 2.6 and 1.8 acres, respectively. They have a combined development potential of approximately Rs 1,700 crore.
At 11:53 AM, the shares of Mahindra Lifespaces were trading 1.50% higher at Rs 375.35 on NSE.
Frequently Asked Questions
What is the significance of the land acquisition in Nande-Mahalunge?
The land acquisition in Nande-Mahalunge is significant because it offers quick access to the IT hub of Hinjewadi and is close to top educational institutes. It has a development potential of approximately Rs 3,500 crore.
Who is Vimalendra Singh and what is his role in Mahindra Lifespaces?
Vimalendra Singh is the Chief Business Officer – Residential at Mahindra Lifespaces. He oversees the company's residential projects and strategic land acquisitions.
What other expansion moves has Mahindra Lifespaces made recently?
Recently, Mahindra Lifespaces has been selected as the preferred partner for redeveloping four residential societies in Malad (West), Mumbai, with a total development potential of around Rs 800 crore. Additionally, they were selected for two redevelopment projects in Chembur, Mumbai, covering 2.6 and 1.8 acres with a combined development potential of approximately Rs 1,700 crore.
How did the market react to the land acquisition announcement?
The market reacted positively to the land acquisition announcement. Shares of Mahindra Lifespace Developers Ltd rose 2% to touch a day’s high of Rs 385 on 13th October.
What is the current trading price of Mahindra Lifespace shares?
At 11:53 AM, the shares of Mahindra Lifespaces were trading 1.50% higher at Rs 375.35 on NSE.
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