Mahindra Rivenza clears RERA in Pune's Mahalunge ahead of December sales launch
Mahindra Lifespace Developers has confirmed that Mahindra Rivenza, a residential project in Baner Annex, Mahalunge, Pune, holds a MahaRERA registration and is targeted for a sales launch in early December. The confirmation came during the company's Q2 FY27 earnings call on October 22, 2026, where Chief Business Officer (Residential) Vimalendra Singh said the project is ready for launch.
The registration itself dates to October 1, 2026, when the company's filing recorded RERA approval at 5:51 pm and the project was launched on the same day. Spread across 13.46 acres with a gross development value of about ₹3,500 crore, the first phase will introduce 1,236 units across 2, 3 and 4 BHK residences.
Project details and registration
Buyers can choose from 2, 3 and 4 bedroom flats in the first phase. Both phases of the development are registered with the Maharashtra Real Estate Regulatory Authority under separate numbers, and the company has said full registered information for the project is available on the MahaRERA portal.
- Location: 13.46 acres in Baner Annex, Mahalunge, Pune
- Phase 1 units: 1,236 across 2, 3 and 4 BHK residences
- Phase 1 RERA registration: PR1261012602102
- Phase 2 RERA registration: PM1261012602103
- Registration date for both phases: October 1, 2026
- Gross development value: about ₹3,500 crore
The planned amenities include a clubhouse of over 44,000 sq ft, a swimming pool, squash and pickleball courts, jogging and cycling tracks, a children's play area and a library with a glass roof. The company has stated that RERA registrations for future phases will be obtained before those phases are launched. Readers following the project can find its overview on the Mahindra Rivenza page.
The location
Mahindra Rivenza Phase 1 sits on Nande-Balewadi Road in Mahalunge, close to the Baner-Hinjawadi link. Hinjewadi, Baner and Balewadi are a short drive away, placing the project within reach of the employment clusters that anchor West Pune's technology corridors. The developer's connectivity details point to the Mumbai-Bangalore Highway and Pune-Paud Road at about 15 minutes each, and Chandani Chowk at about 30 minutes. The Metro and a proposed Ring Road are also part of the area's planned infrastructure.
About the developer
Mahindra Lifespace Developers Limited is the real estate and infrastructure arm of the Mahindra Group, headquartered in Mumbai. Established in 1994, the company has a development footprint of more than 47.56 million square feet in residential projects and over 5,000 acres in industrial clusters, with a total portfolio gross development value of around ₹50,000 crore.
Residential pre-sales for the first half of FY27 reached ₹1,988 crore, up 66% from ₹1,200 crore a year earlier, and management has maintained its FY27 residential pre-sales guidance of ₹4,500 crore to ₹5,000 crore. Profit after tax for the first half rose to ₹102 crore from ₹99 crore. The company, which runs a cash-surplus balance sheet, has pointed to Pune as an important market for its residential business. Earlier launches including Rainforest, BeaconHill and Citadel Phase 3 contributed to the recent sales momentum.
What comes next
The immediate milestone is the sales launch of Mahindra Rivenza, targeted for early December 2026. Future phases will be registered with MahaRERA before their own launches.
The same earnings call outlined other launches planned for the second half of FY27. WestEra in Santacruz is targeted for launch within two to three months, while the Sai Baba Nagar redevelopment in Borivali, covering six societies, is expected to receive approvals by the end of the third quarter or mid-fourth quarter. Navrat, a greenfield project, is expected in the second half of FY27. In Chembur, the development agreement has been concluded and registered, and the team is working to bring that launch forward from FY29 to FY28. These timelines are management's current targets rather than fixed commitments.