Mahindra Lifespace Acquires 13.46-Acre Land Parcel in Pune for ₹3,500 Crore Housing Project

November 5, 2025

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Mahindra Lifespace Acquires 13.46-Acre Land Parcel in Pune for ₹3,500 Crore Housing Project

In order to build a massive residential project with an estimated GDV gross development value of ₹3,500 crore, Mahindra Lifespace Developers Ltd., the real estate and infrastructure development division of the Mahindra Group, has acquired a 13.46-acre plot of land in Pune.

The new land is located in Nande–Mahalunge, one of Pune’s most promising growth corridors connecting Hinjewadi, Baner, and Balewadi. The acquisition reinforces Mahindra Lifespace’s focus on expanding its footprint in high-demand urban micro-markets with strong infrastructure potential.

A Strategic Location in Pune’s Western Corridor

The Nande–Mahalunge area has rapidly emerged as a real-estate hotspot in recent years, thanks to its proximity to key employment hubs such as Hinjewadi IT Park, Baner, and Balewadi High Street. It is also part of the PMRDA Town Planning Scheme, which will further enhance road networks and civic infrastructure.

Mahindra Lifespace’s new project will benefit from these infrastructural developments, offering easy access to the Mumbai–Bengaluru Expressway, Pune Metro, and proposed ring road connectivity, making it a well-connected and desirable address for future homebuyers.

₹3,500 Crore Project with Premium Residential Focus

Industry estimates suggest the development could include a mix of 2, 3 and 4 BHK configurations, following Mahindra Lifespace’s consistent approach of integrating sustainability, open spaces, and green architecture in all its projects.

A GDV of ₹3,500 crore places this among the company’s largest projects in western India, signalling strong confidence in Pune’s luxury housing demand.