MAHINDRA CODENAME CROWN — New Project Coming Up in Kharadi Annex, Pune
Mahindra Enters Kharadi Annex with Multi-Phased Residential Development
Mahindra Lifespace Developers Limited has announced the launch of its project located in Kharadi Annex, previously known as Mahindra Codename Crown. The broader development spans 5.38 acres and introduces approximately 500 residential units through multiple phases.
Location and Connectivity
Strategically located in upscale East Pune, the project offers excellent connectivity to the Kharadi IT hub and the World Trade Center. The development is built in Kharadi Annex, four km from the World Trade Center. Kharadi is a suburb located in the Eastern Metropolitan Corridor of Pune on the banks of the Mula-Mutha river that serves as a hub for information technology and business parks.
Kharadi Annex is strategically located near major IT parks and business hubs, making it an ideal choice for professionals working in these areas and reducing commute times. Kharadi is known for its thriving IT industry, housing prominent IT parks like EON IT Park and World Trade Center.
Housing Configuration
The project offers premium 2 & 3 BHK homes and also features a standalone premium 4 BHK tower. Mahindra IvyLush offers premium 2 & 3 BHK homes, promising an elevated living experience.
Design and Features
The project includes spacious decks, enhanced cross-ventilation, senior-friendly washrooms, and a range of other climate-responsive features. These design elements address Pune's climate while meeting the functional needs of diverse household types.
Social Infrastructure
The area is surrounded by well-developed social infrastructure, including prestigious educational institutions such as Wellington College International Pune, EuroSchool Kharadi, and Poddar International School. Kharadi Annex boasts modern infrastructure, including wide roads, good drainage, and reliable electricity and water supply.
Regulatory Status
The project received RERA certification on the 4th of March 2024. RERA registrations P52100055161 and P52100055162 are on record with the Maharashtra Real Estate Regulatory Authority.
Developer Background
Established in 1994, Mahindra Lifespace Developers brings the Mahindra Group's philosophy of 'Rise' to India's real estate and infrastructure industry through thriving residential communities and enabling business ecosystems. The zero-abandonment record across 38 projects and 32 million sqft is genuinely industry-leading, with most major Indian developers having at least one abandoned project, while Mahindra has none.
Mahindra Lifespaces has delivered approximately 25 million square feet of residential space across its operating markets over its operating history, with the largest concentration in Mumbai and Pune.
Pricing
2 BHK units are priced from Rs 98 Lakh onwards, with larger configurations commanding premium pricing aligned with current East Pune residential market rates.