Mahindra Lifespaces® acquires land parcel in Wagholi, Pune
Press Release
~ Acquires 5.38 acres with a development potential of over 1.5 Million Sq.ft. Bangalore, 13 October2023 – Mahindra Lifespace Developers Ltd. today announced that it has acquired 5.38 acres of land in the premier neighborhood of Wagholi in Pune. The land is estimated to have a development potential of over 1.5 million square feet of saleable area. Amit Kumar Sinha, Managing Director & CEO, Mahindra Lifespace Developers Ltd., said, “Wagholi is a high potential micromarket of Pune. It has a growing demand for high-quality residential spaces, ready to be absorbed. The proposed land parcel is located within a well-planned Kharadi-Wagholi micro-market, boasting a robust social amenities and civic infrastructure. This land acquisition reaffirms our commitment to Pune and is aligned with our strategy to further solidify our presence in the city’s pivotal micro-markets.” The site is strategically situated in the upscale East Pune locality, surrounded with well-developed social infrastructure that includes top educational institutes such as Wellington