STOCKWATCH

Mahindra Lifespaces Acquires Land in Pune with INR ~3500 Crore Development Potential

Mahindra Lifespaces Developers Ltd. has acquired 13.46 acres of land in the premier neighborhood of Nande-Mahalunge in Pune, estimated to yield a development potential of INR ~3500 Crore. The land 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 the company's commitment to Pune and aligns with its strategy to strengthen its presence across the city’s key growth corridors.

• Mahindra Lifespaces acquires 13.46 acres of land in Pune with a development potential of INR ~3500 Crore.
• The land is strategically located in the well-planned Mahalunge micro-market, offering excellent connectivity.
• The acquisition aligns with the company's strategy to strengthen its presence in Pune's key growth corridors.
• The location is surrounded by well-developed social infrastructure and is equidistant from Baner-Balewadi and Hinjewadi micro markets.
• Mahindra Lifespaces is committed to building only Net Zero homes from 2030 onwards.