Overview
Mahindra Lifespaces is set to develop a large-scale residential project on a 13.46-acre land parcel in Nande-Mahalunge, one of Pune's fastest-growing western micro-markets. Mahindra Lifespace Developers Ltd. announced that it has acquired 13.46 acres of land in the premier neighborhood of Nande-Mahalunge in Pune, with the land estimated to yield a development potential of INR ~3500 Crore.
The project sits within one of the city's most closely watched growth corridors. The 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. This positions the development at the intersection of Pune's IT economy and its next wave of planned infrastructure.
Mahindra's leadership has been vocal about the rationale behind the acquisition. Vimalendra Singh, Chief Business Officer – Residential, Mahindra Lifespace Developers Ltd., said Mahalunge-Nande-Maan are among Pune's most promising micro-markets, having witnessed strong absorption over the past few years, with clear and growing demand for high-quality, future-ready homes with modern amenities in this region.
As a Mahindra Lifespaces development, the project is expected to carry forward the group's sustainability-first approach to residential design, consistent with the brand's track record across Pune, Mumbai, and Bengaluru. Detailed configurations, tower plans, and pricing are yet to be released and will be updated as the project moves from land-acquisition to formal launch.
