Mahindra Lifespaces Buys Pune Land Worth Rs 3,500 Crore; Shares Rise 2%

October 13, 2025October 13, 2025

Shares of Mahindra Lifespace Developers Ltd rose 2% to touch a day’s high of Rs 385 on 13th October, after the company announced the acquisition of 13.46 acres of land in Pune. The Mahindra Group’s real estate arm acquired the land in Nande-Mahalunge, located about 20 kilometres from Pune city centre.

Land Acquisition in Pune

Mahindra Lifespaces stated that the newly acquired land in Pune has a development potential of approximately Rs 3,500 crore.

The 13.46-acre land in Nande-Mahalunge offers quick access to the IT hub of Hinjewadi. It is close to top educational institutes like Delhi Public School and Symbiosis Centre for Management.

According to Vimalendra Singh, Chief Business Officer – Residential, the land is strategically located in the well-planned Mahalunge micromarket. It has strong connectivity via the proposed PMRDA Town Planning Scheme and the upcoming Inner Ring Road near Hinjewadi. He added that the move strengthens the company’s presence in Pune’s key growth corridors.

This announcement follows another expansion move in Mumbai. There, the company was selected as the preferred partner for redeveloping four residential societies in Malad (West). The total development potential is around Rs 800 crore.

In September, Mahindra Lifespaces was also selected for two redevelopment projects in Chembur, Mumbai. These projects cover 2.6 and 1.8 acres, respectively. They have a combined development potential of approximately Rs 1,700 crore.

At 11:53 AM, the shares of Mahindra Lifespaces were trading 1.50% higher at Rs 375.35 on NSE.

Ready to invest like a pro? Unicorn Signals app equips you with 100+ Free tools and knowledge you need to succeed. Download the Unicorn Signals app and gain access to daily stock lists and insightful market analysis and much more!