Mahindra Lifespace Developers, the real estate and infrastructure development arm of the Mahindra Group, has acquired a 13.46-acre land parcel in the Nande-Mahalunge area of Pune, Maharashtra.

The land carries a development potential of approx. Rs 3,500 crore. According to Vimalendra Singh, Chief Business Officer – Residential, the Mahalunge-Nande-Maan belt is one of Pune’s fastest-growing micro-markets, witnessing strong housing demand driven by its connectivity and modern infrastructure. The land’s location within the PMRDA Town Planning Scheme and proximity to the upcoming Inner Ring Road and Hinjewadi IT hub enhances its strategic value.

The surrounding area features robust social infrastructure, including reputed institutions such as Delhi Public School, Mahindra International School, and Symbiosis Centre for Management. The acquisition further underlines Mahindra Lifespaces’ commitment to expanding its footprint in Pune’s key growth corridors while catering to demand for premium, future-ready residential projects.