In a major boost to Pune’s real estate 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. The project is expected to generate a development potential of approximately ₹3,500 crore.

According to the company’s statement, 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.

“Mahalunge-Nande-Maan are among Pune’s most promising micro-markets, having witnessed rob

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