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

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

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 Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Infrastructure Transport

06 Jul 2026

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Infrastructure Transport

06 Jul 2026

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..