Mahindra Lifespaces Acquires Pune Land with Rs 35,000 Mn Potential
Real Estate

Mahindra Lifespaces Acquires Pune Land with Rs 35,000 Mn Potential

Mahindra Lifespace Developers Ltd has acquired 13.46 acres of land in the premium Nande–Mahalunge neighbourhood of Pune. The parcel is expected to yield a development potential of around Rs 35,000 million.

“Mahalunge–Nande–Maan are among Pune’s most promising micro-markets, with strong absorption over recent years. Demand for modern, high-quality homes continues to grow, and this strategically located land aligns with our plan to strengthen our presence across Pune’s key growth corridors,” said Vimalendra Singh, Chief Business Officer–Residential, Mahindra Lifespace Developers Ltd.

The site offers connectivity via the proposed PMRDA Town Planning Scheme and the upcoming Inner Ring Road near Hinjewadi. It is surrounded by well-developed social infrastructure including Delhi Public School, Mahindra International School and Symbiosis Centre for Management. The location is also equidistant from Baner–Balewadi and Hinjewadi, which are among Pune’s major IT and BFSI hubs.

Established in 1994, Mahindra Lifespaces is the real estate and infrastructure arm of the Mahindra Group. Its portfolio spans more than 49 million sq ft across seven cities and over 5,000 acres of integrated developments and industrial clusters. The company’s brands include Mahindra Happinest®, Mahindra World City and Origins by Mahindra.

A pioneer in sustainable housing, the developer aims to build only Net Zero homes from 2030 onwards and has launched India’s first Net Zero Energy and Energy+Waste projects. It has maintained a 100 per cent green portfolio since 2014 and targets carbon neutrality by 2040.

Mahindra Lifespace Developers Ltd has acquired 13.46 acres of land in the premium Nande–Mahalunge neighbourhood of Pune. The parcel is expected to yield a development potential of around Rs 35,000 million. “Mahalunge–Nande–Maan are among Pune’s most promising micro-markets, with strong absorption over recent years. Demand for modern, high-quality homes continues to grow, and this strategically located land aligns with our plan to strengthen our presence across Pune’s key growth corridors,” said Vimalendra Singh, Chief Business Officer–Residential, Mahindra Lifespace Developers Ltd. The site offers connectivity via the proposed PMRDA Town Planning Scheme and the upcoming Inner Ring Road near Hinjewadi. It is surrounded by well-developed social infrastructure including Delhi Public School, Mahindra International School and Symbiosis Centre for Management. The location is also equidistant from Baner–Balewadi and Hinjewadi, which are among Pune’s major IT and BFSI hubs. Established in 1994, Mahindra Lifespaces is the real estate and infrastructure arm of the Mahindra Group. Its portfolio spans more than 49 million sq ft across seven cities and over 5,000 acres of integrated developments and industrial clusters. The company’s brands include Mahindra Happinest®, Mahindra World City and Origins by Mahindra. A pioneer in sustainable housing, the developer aims to build only Net Zero homes from 2030 onwards and has launched India’s first Net Zero Energy and Energy+Waste projects. It has maintained a 100 per cent green portfolio since 2014 and targets carbon neutrality by 2040.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Sabarmati Riverfront Two Plots Up for Auction at Rs2.24 bn Base Price

Two commercial plots on the western bank of the Sabarmati Riverfront will be auctioned with a base price of Rs 112 crore each, equivalent to Rs 1.12 bn apiece and Rs 2.24 billion in total. The parcels are located adjacent to the Metro Rail Bridge in Ahmedabad and form the first commercial offering after a prolonged pause. The Riverfront Development Corporation has framed the sale as part of a phased commercial release to revive development along the riverfront. The combined base valuation has been set by the corporation to reflect market rates along the riverfront. The corporation has fixed a ..

Next Story
Infrastructure Urban

Andhra Pradesh to Connect Over One Million Streetlights

Andhra Pradesh will undertake a statewide smart streetlighting programme across all 123 Urban Local Bodies (ULBs), bringing around 1.05 million (mn) streetlights under an AI enabled monitoring and management system. The programme will be implemented by Energy Efficiency Services Limited (EESL) with the Commissioner and Director of Municipal Administration under the state Municipal Administration and Urban Development Department. The project aims to convert conventional streetlighting into a digitally managed municipal service monitored and maintained remotely. The initial phase will cover abou..

Next Story
Infrastructure Urban

AMC To Procure Four Machines For Guard Rail Cleaning

Ahmedabad Municipal Corporation will introduce four specialised machines for cleaning guard railings along major roads and the central verges of BRTS and Metro corridors. The civic body plans to replace manual labour with mechanised cleaning to improve maintenance of road infrastructure and greenery. The purchase is estimated at Rs 82.8 million (mn), excluding GST. The proposal sets the base price of each machine at about Rs 20.7 million (mn) so four units total Rs 82.8 million (mn) before GST. 18 per cent GST will be applicable separately. During the warranty period each machine will operate ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement