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.

Infrastructure Transport

09 Jan 2026

India Becomes First to Produce Bio-Bitumen for Roads

India has become the first country in the world to commercially produce bio-bitumen for use in road construction, according to Road, Transport and Highways Minister Nitin Gadkari. Bitumen, a black and viscous hydrocarbon derived from crude oil, is a key binding material in road building, and the bio-based alternative is expected to significantly improve the sector’s environmental footprint.Addressing the CSIR Technology Transfer Ceremony in New Delhi, Mr Gadkari congratulated Council of Scientific and Industrial Research on achieving the milestone, noting that the initiative would help curb ..

HILT Policy Seen Boosting Telangana Revenue Sharply

The Hyderabad Industrial Land Transformation (HILT) Policy is expected to generate around Rs 1.08 billion in revenue for the Telangana state exchequer, according to Deputy Chief Minister Bhatti Vikramarka Mallu. Speaking in the Telangana Legislative Assembly, he said the policy would be implemented within a six-month timeframe in a transparent manner, with uniform rules applicable to all stakeholders. Mr Vikramarka noted that without the HILT Policy, the state would have earned only about Rs 1.2 million per acre. Under the new framework, however, revenue is projected to rise sharply to Rs 70 ..

India Post, MoRD Tie Up to Boost Rural Inclusion

The Department of Posts and the Ministry of Rural Development have signed a Memorandum of Understanding to accelerate rural transformation and expand financial, digital and logistics services for Self-Help Groups (SHGs) and rural households across India. The agreement was signed in the presence of Union Minister of Communications and Development of North Eastern Region Jyotiraditya M. Scindia and Union Minister of Rural Development and Agriculture and Farmers’ Welfare Shivraj Singh Chouhan. The collaboration aligns with the government’s “Dak Sewa, Jan Sewa” vision and seeks to repositi..