Mahindra Lifespace Developers Ltd, a prominent real estate arm of the Mahindra Group, has acquired a 13.46-acre land parcel in Pune’s Nande-Mahalunge area.
The company estimates the development potential of this project to be approximately ₹3,500 crore. This acquisition aligns with Mahindra Lifespace’s strategy to expand its residential footprint in key growth corridors across India.
The Nande-Mahalunge area is strategically located, offering excellent connectivity to Pune’s IT and business hubs, including Hinjewadi and Baner-Balewadi.
The site is also in proximity to well-established social infrastructure, such as educational institutions and healthcare facilities.
The development is expected to cater to the growing demand for high-quality, modern residential spaces in this rapidly developing region.
Vimalendra Singh, Chief Business Officer – Residential at Mahindra Lifespace Developers, emphasized the strategic importance of the Nande-Mahalunge micro-market.
He noted that the area has witnessed strong absorption over the past few years, indicating a clear and growing demand for future-ready homes with modern amenities.
Singh further highlighted that the project’s location within the well-planned Mahalunge micro-market offers excellent connectivity through the proposed PMRDA Town Planning Scheme and the upcoming Inner Ring Road, next to Hinjewadi.
This acquisition reinforces Mahindra Lifespace’s commitment to Pune and aligns with its strategy to strengthen its presence across the city’s key growth corridors.
In addition to the Pune project, Mahindra Lifespace has been selected as the preferred partner for the redevelopment of four residential societies in the Malad (West) area of Mumbai.
The company anticipates a development potential of ₹800 crore from this project, which spans approximately 1.65 acres.
The Malad redevelopment project is situated 2.6 km from the Western Express Highway and provides connectivity to key areas of Mumbai via multiple transportation modes, including the Malad West Metro Station and Malad Railway Station.
Mahindra Lifespace’s development footprint now spans 49.26 million square feet of completed, ongoing, and forthcoming residential projects across seven Indian cities.
The company has over 5,000 acres of ongoing and forthcoming projects under development or management at its integrated developments and industrial clusters across four locations.
The acquisition of the Nande-Mahalunge land and the redevelopment projects in Mumbai signify Mahindra Lifespace’s continued commitment to expanding its presence in India’s key real estate markets.
These initiatives are expected to contribute to the company’s growth and reinforce its position as a leading developer of sustainable and customer-centric residential communities.
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