Mahindra Lifespaces launches Mahindra Rivenza in Baner Annex, Pune, with ₹3,500 crore development value
Mahindra Lifespaces has launched Mahindra Rivenza, a 13.46-acre residential development in Baner Annex, Pune, with a gross development value of roughly ₹3,500 crore and 1,236 homes in its first phase.
- ~₹3,500 crore
- 13.46 acres
- 1,236
- 44,000+ sq. ft.
What Happened
Mahindra Lifespace Developers Limited, the real estate and infrastructure development arm of the Mahindra Group, has announced the launch of Mahindra Rivenza. The residential development covers 13.46 acres in Baner Annex, Mahalunge, Pune, and carries an overall Gross Development Value of approximately ₹3,500 crore. Phase 1 of the launch will introduce 1,236 units made up of 2, 3 and 4 BHK residences.
₹3,500 crore
Approximate overall GDV of the 13.46-acre Mahindra Rivenza development in Baner Annex, Pune.
- Amenities spread across more than 2.65 lakh sq. ft., including one of the largest clubhouses in the township at over 44,000 sq. ft.
- Landscaped green spaces extending over 9 acres.
- A swimming pool with a sunken bar, signature giant swings and stargazing hammocks.
- A gymnasium, badminton courts, squash court and pickleball court, among other fitness amenities.
- Cycling and jogging tracks, a library with a glass roof and scenic views, and a children's play area.
- Envisaged as a Net Zero Waste development and IGBC pre-certified Gold.
“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.”
Baner Annex is described as an emerging, well-connected residential micro-market with access to key employment hubs including the Hinjawadi and Baner IT hubs, GCCs, and established social infrastructure. Ongoing and proposed infrastructure developments are expected to further improve accessibility and support the area's long-term growth potential. On the sustainability side, the project is envisaged as a Net Zero Waste development and is IGBC pre-certified Gold, which the company says reinforces its focus on sustainable and responsible residential development.
Why this matters
The launch deepens Mahindra Lifespaces' residential presence in Pune, a market its Chief Business Officer calls important for the business. Households shopping for 2, 3 and 4 BHK homes in the Baner Annex area gain a large new option, and the project's pitch leans on nearby IT employment hubs in Hinjawadi and Baner. The company says it expects the development to create lasting value for residents and the surrounding neighbourhood.
Terms in This Story
- GDV
- Gross Development Value — the estimated total value a real estate development is expected to generate once built and sold.
- BHK
- Bedroom-Hall-Kitchen — an Indian property shorthand for a home's layout, so a 2 BHK home has two bedrooms.
- IGBC
- Indian Green Building Council, which certifies buildings for environmentally sustainable design; its ratings include a Gold level.
- Net Zero Waste
- A development designed so that the waste it generates is reused, recycled or recovered rather than sent to landfill.
Summarised from the linked release; details can be imperfect — always verify against the original source.