Mahindra Lifespaces Developers launches ₹3,500 crore Mahindra Rivenza in Pune
Mahindra Lifespace Developers Ltd on Tuesday launched Mahindra Rivenza, a 13.46-acre residential development in Baner Annex, Mahalunge, Pune, with an overall Gross Development Value (GDV) of approximately ₹3,500 crore. Phase 1 will comprise 1,236 units across 2, 3 and 4 BHK residences.
Real estate firm Mahindra Lifespace DevelopersLtd on Tuesday launched Mahindra Rivenza, a residential development spread across 13.46 acres in Baner Annex, Mahalunge, Pune, with an overall Gross Development Value of approximately ₹3,500 crore.Phase 1 of the development will introduce 1,236 units across 2, 3 and 4 BHK residences. The project will have amenities spread across 2.65 lakh+ square feet, including a clubhouse spanning more than 44,000 square feet and landscaped green spaces extending across 9+ acres.The amenities will include a swimming pool with a sunken bar, giant swings, stargazing hammocks, a gymnasium, badminton courts, a squash court and a pickleball court. The development will also feature cycling and jogging tracks, a library with a glass roof and scenic views, and a children’s play area.ALSO READ | Mahindra Lifespace Q1 profit jumps 67% as sales spike 70%, residential pre-sales doubleMahindra Rivenza is envisaged as a Net Zero Waste development and is Indian Green Building Council pre-certified Gold.Baner Annex is an emerging residential micro-market with access to key employment hubs, including the Hinjawadi and Baner IT hubs, Global Capability Centres , and established social infrastructure, the company said.Ongoing and proposed infrastructure developments are also expected to further improve accessibility and support the area’s long-term growth potential, it added.ALSO READ | Mahindra Lifespace Q3 results: Shares gain 6% as strong residential sales lift profitVimalendra Singh, Chief Business Officer , Mahindra Lifespace Developers Ltd said, "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."ALSO READ | Mahindra Lifespace arm to host YKK India's $150 million manufacturing facility in ChennaiShares of Mahindra Lifespace Developers Ltd ended at ₹352.25, up by ₹0.85, or 0.24%, on the BSE.
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