Mahindra Lifespaces Acquires Prime Land Near Hinjawadi in Pune for ₹3,500 Crore Housing Project
Mahindra Lifespace Developers has announced the acquisition of 13.46 acres of prime land in Pune’s Nande-Mahalunge area near Hinjawadi, set for a massive ₹3,500 crore residential development. This strategic purchase reinforces the company’s commitment to strengthening its presence in Pune’s high-growth corridors.
Strategic Location in Pune
The newly acquired land offers quick access to Hinjewadi, one of India’s leading IT and BFSI hubs. Surrounded by robust social infrastructure, it is close to prestigious institutions like Delhi Public School, Mahindra International School, and the Symbiosis Center for Management. Connectivity is expected to improve further with the proposed PMRDA Town Planning Scheme and the upcoming Inner Ring Road, enhancing accessibility to Baner-Balewadi and other business districts.
Growing Demand in Nande-Mahalunge
Nande-Mahalunge is emerging as one of Pune’s most promising micro-markets, attracting demand for modern, future-ready homes with premium amenities. Vimalendra Singh, Chief Business Officer – Residential, Mahindra Lifespaces, described the location as “strategically placed within a well-planned micromarket” and perfectly aligned with the company’s expansion strategy.
Part of a Larger Growth Plan
Alongside this Pune acquisition, Mahindra Lifespaces announced plans to redevelop four housing societies in Mumbai’s Malad (West), with an anticipated ₹800 crore in revenue from the free sale area. This dual expansion strengthens their presence across multiple real estate segments.
Commitment to Sustainable Living
Established in 1994, Mahindra Lifespaces has a footprint of 49.26 million square feet across seven cities in India. The company has pledged to build only Net Zero homes from 2030 onwards, having already delivered India’s first three Net Zero residential developments.
This ₹3,500 crore Pune project reflects Mahindra Lifespaces’ vision to deliver sustainable, well-connected housing in one of the country’s most dynamic real estate markets.
