Mahindra Lifespace Buys 13.46-Acre Land Parcel in Pune

Mahindra Lifespace Developers (MLDL), the real estate and infrastructure arm of the Mahindra Group, has announced the acquisition of a 13.46-acre land parcel in the Nande-Mahalunge area of Pune, one of the city’s most sought-after emerging residential corridors.

The project is estimated to have a development potential of Rs. 3,500 crore, reinforcing Mahindra Lifespace’s strong foothold in the Pune real estate market.

Strategically positioned, the site offers excellent connectivity to Hinjewadi, Pune’s leading IT and BFSI hub, and sits equidistant from the Baner-Balewadi and Hinjewadi micro-markets.

Key Highlights

• Mahindra Lifespace acquires 13.46-acre land in Nande-Mahalunge, Pune
• Project to unlock Rs. 3,500 crore in development potential
• Location offers easy access to Hinjewadi and top institutions

The neighborhood is surrounded by robust social infrastructure, including reputed educational institutions such as Delhi Public School, Mahindra International School, and Symbiosis Centre for Management Studies, making it an attractive choice for professionals and families alike.

The upcoming development is expected to feature premium residential offerings, aligning with Mahindra Lifespace’s commitment to sustainable urban living and customer-centric design. The acquisition also complements the company’s broader strategy of expanding its presence in high-growth urban corridors, particularly those benefiting from strong employment drivers and evolving lifestyle ecosystems.

Vimalendra Singh, chief business officer, residential, Mahindra Lifespace Developers, said, “Mahalunge-Nande-Maan are among Pune’s most promising micro-markets, having witnessed strong absorption over the past few years. There is a clear and growing demand for high-quality, future-ready homes with modern amenities in this region. This land parcel is strategically located within the well-planned Mahalunge micro-market, offering excellent connectivity through the proposed PMRDA Town Planning Scheme and the upcoming Inner Ring Road, next to Hinjewadi. The acquisition reinforces our commitment to Pune and aligns with our strategy to strengthen our presence across the city’s key growth corridors.”

Also Read: Mahindra Lifespaces to Redevelop 4 Malad West Societies

This latest investment adds to Mahindra Lifespace’s growing portfolio of mid-to-premium residential projects across India’s key metro and Tier-I cities, signaling continued optimism in the country’s urban housing demand.