Project Overview

Mahindra Lifespace Developers Limited, the real estate and infrastructure development arm of the Mahindra Group, has launched Mahindra Rivenza, a residential development in Baner Annex, Mahalunge, Pune.

Development Specifications

  • Total land area: 13.46 acres
  • Gross Development Value (GDV): Approximately ₹3,500 crore
  • Phase 1 units: 1,236 residential units
  • Unit types: 2 BHK, 3 BHK, and 4 BHK residences

Amenities and Features

  • Total amenity space: 2.65 lakh+ sq. ft.
  • Clubhouse size: 44,000+ sq. ft. (described as one of the largest in the township)
  • Landscaped green spaces: 9+ acres
  • Amenities include: swimming pool with sunken bar, signature giant swings, stargazing hammocks, gymnasium, badminton courts, squash court, pickleball court, cycling and jogging tracks, library with glass roof and scenic views, children's play area

Sustainability Features

  • Project is envisaged as a Net Zero Waste development
  • IGBC pre-certified Gold rating
  • Part of company's commitment to build only Net Zero homes from 2030 onwards

Location Advantages

  • Located in Baner Annex, Pune
  • Access to key employment hubs including Hinjawadi and Baner IT hubs
  • Proximity to GCCs (Global Capability Centers)
  • Established social infrastructure
  • Ongoing and proposed infrastructure developments expected to improve accessibility

Management Commentary

Vimalendra Singh, Chief Business Officer (Residential), Mahindra Lifespace Developers Ltd., stated: "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. We see an opportunity to develop a residential destination that responds to how people want to live today, with thoughtfully designed homes, holistic amenities, and a strong sense of community. This philosophy shapes Mahindra Rivenza, and we believe it will create lasting value for residents and the neighbourhood."

Company Background

Mahindra Lifespaces brings the Mahindra Group's philosophy of 'Rise' to India's real estate and infrastructure industry. The company's development footprint spans 53.65 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.

Sustainability Commitment

The company is a pioneer in Net Zero homes in India and has already launched India's first three Net Zero residential developments: One Net Zero Energy and two Net Zero Energy+ Waste. With a 100% Green portfolio since 2014, the Company is working towards carbon neutrality by 2040 and actively supports research on green buildings tailored to climatic conditions in India.