MAHINDRA LIFESPACES HINJEWADI — New Project Coming Up in Hinjewadi, Pune
Mahindra Lifespaces Expands into Nande-Mahalunge Micro-Market
Mahindra Lifespace Developers Ltd, the real estate and infrastructure arm of the Mahindra Group, announced the acquisition of a 13.46-acre land parcel in the Nande-Mahalunge area near Hinjewadi in October 2025. The project is expected to generate a development potential of approximately ₹3,500 crore.
Strategic Location and Connectivity
The newly acquired site is strategically located with quick access to Hinjewadi and is surrounded by well-developed social infrastructure, including reputed educational institutions and business hubs. The land parcel lies equidistant from the Baner-Balewadi and Hinjewadi micro-markets — both key centres for IT and BFSI sectors in Pune.
The land parcel is strategically located within the planned Mahalunge micro-market, offering excellent connectivity through the proposed PMRDA Town Planning Scheme and the upcoming Inner Ring Road. The site is surrounded by well-developed social infrastructure that includes top educational institutes such as Delhi Public School, Mahindra International school, and Symbiosis center for Management.
A Growth Corridor for Residential Real Estate
The surrounding Hinjewadi area has established itself as one of Pune's primary drivers of residential demand. The Rajiv Gandhi Infotech Park accommodates over 100 companies and employs an estimated 3 lakh professionals. The Pune Metro's Hinjewadi–Shivajinagar line has begun opening to passengers, with the first phase covering 12 stations starting operations in May 2026.
Hinjewadi has seen annual appreciation of 8% to 12% in well-located projects, supported by expanding employment opportunities and infrastructure. The Western Corridor, centered on Hinjawadi and its surrounding buffer zones, is experiencing an unprecedented surge in per square foot capital appreciation, driven by multi-billion rupee transport infrastructure milestones and an accelerating influx of global corporate setups.
About Mahindra Lifespace Developers
Established in 1994, Mahindra Lifespaces Developers Ltd. 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 Company's development footprint spans 53.30 million sq. ft. (saleable area) of completed, ongoing and forthcoming residential projects across seven Indian cities; and over 5000 acres of ongoing and forthcoming projects under development / management at its integrated developments / industrial clusters across four locations.
The company has already launched India's first three Net Zero residential developments: One Net Zero Energy and two Net Zero Energy+ Waste, showcasing its dedication to environmental responsibility and innovation. With a 100% Green portfolio since 2014, the Company is working towards carbon neutrality by 2040.