Mahindra Lifespaces Unveils New Tower at Pune's Citadel Project

07 Jul 2025 CW Team

Mahindra Lifespace Developers (MLDL), the real estate and infrastructure development arm of the Mahindra Group, has launched a new tower at Mahindra Citadel in Pimpri-Chinchwad, Pune. The launch features premium 1 BHK homes targeted at young professionals, nuclear families, and first-time homebuyers.

The new tower is part of the integrated ~9.66-acre Mahindra Citadel project, which has a total Gross Development Value (GDV) of approximately Rs 25 billion. This launch follows strong demand for earlier phases of the project and is located adjacent to the Sant Tukaram Metro Station, offering strong urban connectivity.

Vimalendra Singh, Chief Business Officer (Residential), Mahindra Lifespace Developers, said,

"The continued demand and strong sales at Mahindra Citadel strengthens our belief in Pimpri-Chinchwad as a high-potential residential micro-market. With most of Phase 1 and Phase 2 sold out, we are pleased to introduce a dedicated 1 BHK offering that expands our value proposition to a wider demographic of homebuyers. This marks another step forward in our ongoing commitment to deliver quality living spaces that balance convenience, connectivity, and comfort."

The newly launched tower forms part of the larger integrated community, which includes curated infrastructure and lifestyle amenities such as landscaped gardens, a clubhouse, jogging track, gymnasium, multipurpose courts, and wellness zones.

Like previous phases, homes in this tower are pre-certified IGBC Gold and include sustainability features such as energy-efficient lighting, water-saving systems, and solid waste management. Located along the Old Mumbai–Pune Highway, the site offers easy access to schools, hospitals, and entertainment hubs, adding to its residential appeal.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..