Mahindra Lifespaces to buy 3.2 acre land from parent body in Pune

23 Apr 2021 CW Staff

Real estate firm Mahindra Lifespace Developers Ltd has finalised a deal to purchase a 3.2 acre land in Pimpri locality of Pune from parent company Mahindra & Mahindra as a part of its expansion plan.

The purchase is expected to be concluded in around six months, subject to the fulfilment of agreed conditions by both buyer and seller.

This new project will offer about 3.25 lakh square feet (sq ft) of carpet area. Following the project's proposed launch, it will be Mahindra Lifespaces’ fourth project in this micro-market. Its last project in that market, Mahindra Centralis, was sold out at launch in 2019.

The land parcel is around one km away from the upcoming metro station opposite the Pimpri-Chinchwad Municipal Corporation office.

Under its Integrated Cities and Industrial Clusters business, Mahindra Group has over 5,000 acre of ongoing and forthcoming projects under development and management at its integrated developments and industrial clusters across four locations in Pune, Chennai, Jaipur and Ahmedabad.

The company has already stated its plan to explore opportunities in development management agreements and brownfield developments that can be pursued for further growth.

Established in 1994, Mahindra Lifespace Developers Ltd is the real estate and infrastructure development business of the $19.4 billion Mahindra Group. The company's development footprint spans 25.7 million sq ft of completed, ongoing and forthcoming residential projects across seven Indian cities.

Image Source

Also Read: Mahindra Lifespaces adds new residential project in Bengaluru

Also Read: Top 10 builders of India: Construction World

Real estate firm Mahindra Lifespace Developers Ltd has finalised a deal to purchase a 3.2 acre land in Pimpri locality of Pune from parent company Mahindra & Mahindra as a part of its expansion plan. The purchase is expected to be concluded in around six months, subject to the fulfilment of agreed conditions by both buyer and seller. This new project will offer about 3.25 lakh square feet (sq ft) of carpet area. Following the project's proposed launch, it will be Mahindra Lifespaces’ fourth project in this micro-market. Its last project in that market, Mahindra Centralis, was sold out at launch in 2019. The land parcel is around one km away from the upcoming metro station opposite the Pimpri-Chinchwad Municipal Corporation office. Under its Integrated Cities and Industrial Clusters business, Mahindra Group has over 5,000 acre of ongoing and forthcoming projects under development and management at its integrated developments and industrial clusters across four locations in Pune, Chennai, Jaipur and Ahmedabad. The company has already stated its plan to explore opportunities in development management agreements and brownfield developments that can be pursued for further growth. Established in 1994, Mahindra Lifespace Developers Ltd is the real estate and infrastructure development business of the $19.4 billion Mahindra Group. The company's development footprint spans 25.7 million sq ft of completed, ongoing and forthcoming residential projects across seven Indian cities. Image SourceAlso Read: Mahindra Lifespaces adds new residential project in Bengaluru Also Read: Top 10 builders of India: Construction World

Infrastructure Transport

06 Feb 2026

Second Mountain Tunnel Breakthrough in Palghar Advances High Speed Rail

The Mumbai-Ahmedabad high speed rail (MAHSR) project reached a milestone with the breakthrough of a mountain tunnel in Palghar, Maharashtra. Mountain tunnel MT-six measures 454 metres long and 14.4 metres wide and will accommodate up and down tracks. The breakthrough follows MT-five near Saphale on second January 2026 and the MT-six excavation was completed from both ends using the New Austrian Tunnelling Method. The ministry reported that the tunnelling was completed within 12 months. The New Austrian Tunnelling Method is favoured for its flexibility in complex geology and irregular tunnel s..

Infrastructure Transport

06 Feb 2026

Modi Government Pushes Atmanirbhar Container Drive With BCSL MoU

The Union Government advanced a plan to create an integrated, domestically anchored container ecosystem with the signing of a Memorandum of Understanding to establish the Bharat Container Shipping Line (BCSL). The MoU was signed by key agencies including the Shipping Corporation of India and Container Corporation of India alongside major port authorities and Sagarmala Finance Corporation Limited under the Ministry of Ports, Shipping and Waterways, in the presence of senior ministers. The initiative aligns with the Container Manufacturing Assistance Scheme announced in the Union Budget 2026–2..

Infrastructure Urban

06 Feb 2026

Ministry Reports Gains In Mobility For Marginalised Communities

The Ministry of Social Justice and Empowerment is implementing skill development, education and rehabilitation schemes to promote socio-economic mobility and sustainable livelihoods for marginalised and disadvantaged communities across the country. Programmes target Scheduled Castes, Other Backward Classes, Economically Weaker Sections, De-notified Tribes and Safai Karamcharis through specialised implementing corporations and empanelled training institutes. Pradhan Mantri Dakshata Aur Kushalta Sampann Hitgrahi Yojana, or PM-DAKSH, provided skill training and placement support through the Nati..