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

15 Oct 2025 CW Team

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.

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