Mahindra Lifespaces Developers , in a major announcement, has said that it has acquired 13.46 acres of land in Pune. The Mahindra group's realty company acquired this land in Nande-Mahalunge, which is located about 20 kilometres from the Pune city centre.

Land Acquisition in Pune

As per the company, the land is estimated to bring about a development potential of ₹3,500 crore.

The company added that the land is located with 'quick access' to the IT Hub of Hinjewadi, with educational institutes such as Delhi Public School and Symbiosis center for Management near it.

Speaking on the land acquisition, Vimalendra Singh, Chief Business Officer – Residential, Mahindra Lifespace Developers, said, "This land parcel is strategically located within the well-planned Mahalunge micromarket, offerin

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