Mahindra Lifespace Developer on Monday announced that it has purchased 11.5 acres of land in Pimpri, Pune. The land is estimated to have a developable potential of approximately two million square feet of saleable area and a gross development value of around Rs 1,700 crore.
Mahindra Lifespace expects to launch the first phase of the project within the next twelve months Arvind Subramanian, Managing Director & CEO, Mahindra Lifespace Developers said, Pimpri is one of the thriving hubs of Pune with a growing demand for high-quality residential and commercial spaces. This latest land acquisition will be our fifth project in the micro-market. It comes on the heels of the acquisition of 3.26 acres that we concluded in March 2022 and signals our intent to deepen our presence in the locality.
Source: Business Standard
Pic Credit: Money Control News
