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Mahindra Lifespace launches ₹3,500-crore residential project in Pune
Mahindra Lifespace Developers has launched a new housing project in Pune called Mahindra Rivenz.
It is planned for a 13.46-acre site in Baner Annex, Mahalunge.
The company says the project has a total development value of ₹3,500 crore.
The first phase is planned to include 1,236 homes.
Buyers will be able to choose homes with two, three, or four bedrooms.
The project is also planned to have green spaces, a clubhouse, sports courts, and other amenities.
The company says it is designed as a Net Zero Waste development and has received IGBC pre-certification at Gold level.
A company executive said the project reflects the firm’s understanding of Pune homebuyers.
Mahindra Lifespace Developers launched Mahindra Rivenz, a residential project in Pune, on October 6.
The 13.46-acre development in Baner Annex, Mahalunge, has an overall gross development value of ₹3,500 crore.
Its first phase will offer 1,236 homes with two, three, or four bedrooms.
Planned features include a clubhouse, landscaped green spaces, sports facilities, and fitness and recreational amenities.
The company says the project is envisaged as Net Zero Waste and is IGBC pre-certified Gold.
- Who
- Mahindra Lifespace Developers launched the project.
- What
- Mahindra Rivenz, a residential development with an overall gross development value of ₹3,500 crore.
- Where
- Baner Annex, Mahalunge, Pune, Maharashtra.
- When
- October 6; the article does not specify the year.
- Why
- The company described it as an opportunity to create homes and residential destinations suited to evolving lifestyles and homebuyer needs.
Key facts
- Project
- Mahindra Rivenz
- Gross development value
- ₹3,500 crore
- Site area
- 13.46 acres
- First-phase homes
- 1,236
- Home types
- Two-, three-, and four-bedroom units
- Clubhouse and landscaped green spaces
- Together spread across more than 2.65 lakh square feet, according to the article
- Sustainability
- Envisaged as a Net Zero Waste development; IGBC pre-certified Gold
- Company executive quoted
- Vimalendra Singh, Chief Business Officer (Residential), Mahindra Lifespace Developers
Quotes
Mahindra Lifespace Developers
The company that developed Mahindra Rivenza.
“It also offers cycling and jogging tracks, a library with a glass roof and scenic views, and a children’s play area. Mahindra Rivenza is envisaged as a Net Zero Waste development and is IGBC pre-certified Gold, reinforcing the project’s focus on sustainable and responsible residential development.”
financialexpress.com
Vimalendra Singh
Chief Business Officer (Residential) at Mahindra Lifespace Developers.
“Pune is an important market for our residential business, and over the years we have developed a strong understanding of the city and its homebuyers. Mahindra Rivenza reflects these insights and our commitment to creating homes that cater to evolving lifestyles.”
financialexpress.com
Sources
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