Mahindra Lifespaces To Strengthen Presence in Pune
<span style="font-weight: 400;">Mahindra Lifespace Developers Ltd. announced that it has finalized the terms to purchase approximately 3.2 acres of land in Pimpri, Pune, from Mahindra & Mahindra Ltd. </span> <span style="font-weight: 400;">The purchase is expected to be concluded in around si
Published -
Apr 24, 2021 4:06 AM
Mahindra Lifespace Developers Ltd. announced that it has finalized the terms to purchase approximately 3.2 acres of land in Pimpri, Pune, from Mahindra & Mahindra Ltd. The purchase is expected to be concluded in around six months, subject to the fulfillment of agreed conditions by both buyer and seller. The land parcel is strategically located in the residential area of Nehru Nagar. This new project will offer approximately 3.25 lakh sq. ft. of carpet area. When it is launched, this will be Mahindra Lifespaces’ fourth project in the micro market. Its last project in that market, Mahindra Centralis, was sold out at launch in 2019. Arvind Subramanian, Managing Director & CEO, Mahindra Lifespace Developers Ltd. said, “Pimpri-Chinchwad is a strategically located, thriving residential hub in Pune, and offers well-developed social and civic infrastructure and amenities. The proposed acquisition will help us grow our presence in this high-performing micro-market and is in line with our residential expansion strategy.” The said land parcel is about 1KM away from the upcoming metro station opposite the Pimpri-Chinchwad Municipal Corporation office.
Tags : News/Views Pune Mahindra Lifespaces