Mahindra Lifespace Developers, the real estate and infrastructure development arm of the Mahindra Group, has entered into an agreement to acquire around seven acres of land in Pune.
The sale deed will be executed in due course, the company said in a release.
The company plans to develop a mid-segment residential project with development potential of arond 0.7 million sqft on this land parcel.
The project falls within PimpriChinchwad Municipal Corporation jurisdiction.