Mahindra Lifespace Developers Ltd. has announced a significant expansion in Pune with the acquisition of 13.46 acres of land in the premier neighborhood of Nande-Mahalunge.
The company estimates that this strategic land parcel is poised to yield a substantial development potential of approximately INR ~3500 Crore.
This acquisition reinforces Mahindra Lifespaces’ strategic commitment to strengthening its presence across key growth corridors within Pune.
The company disclosed that the transaction was completed on 10 October 2025, around 5.57 pm. The seller is confirmed to be an unrelated third party, ensuring the transaction does not fall under the ambit of a related party transaction.
Furthermore, the company affirmed that none of the Promoters, Directors, Key Managerial Personnel, or their relatives hold any direct or indirect interest in the deal.
The newly secured site is strategically positioned within the well-planned Mahalunge micro-market, an area that has witnessed strong absorption of residential properties over the past few years.
The location is positioned to meet the growing demand for high-quality, future-ready homes equipped with modern amenities.
Vimalendra Singh, Chief Business Officer – Residential, Mahindra Lifespace Developers Ltd., highlighted the market opportunity, stating that Mahalunge-Nande-Maan are “among Pune’s most promising micro-markets”.
He further emphasized that the acquisition aligns with the firm’s strategy and offers excellent connectivity through the upcoming Inner Ring Road and the proposed PMRDA Town Planning Scheme, situated next to Hinjewadi.
The acquired land offers quick access to Hinjewadi, a critical IT and BFSI hub of Pune, and is equidistant from the Baner-Balewadi micro-market.
The area is already supported by well-developed social infrastructure, including educational institutions such as Mahindra International school, Delhi Public School, and Symbiosis center for Management.
The disclosure was signed by Avinash Bapat, Chief Financial Officer, for Mahindra Lifespace Developers Limited. The filing was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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