New Launch
Mahindra Lifespaces launches Mahindra Rivenza in Pune's Baner Annex
Mahindra Lifespace Developers Limited has announced the launch of Mahindra Rivenza, a residential project on 13.46 acres in Baner Annex, Mahalunge, Pune. Phase 1 will offer 1,236 units in 2, 3 and 4 BHK configurations, with an estimated overall gross development value of about ₹3,500 crore.
| Developer | Mahindra Lifespace Developers Limited (Mahindra Group) |
|---|---|
| Project | Mahindra Rivenza, Baner Annex, Mahalunge, Pune |
| Announcement date | October 6, 2026 |
| Site area | 13.46 acres |
| Phase 1 units | 1,236 units, 2, 3 and 4 BHK |
| Estimated overall GDV | About ₹3,500 crore |
| Amenity area | More than 2.65 lakh sq ft; clubhouse over 44,000 sq ft; green space over 9 acres |
| Green rating | Envisaged as Net Zero Waste; IGBC pre-certified Gold |
| Home prices | Not stated in the launch announcement |
| RERA number and possession date | Not stated in the launch announcement |
What happened
On October 6, 2026, Mahindra Lifespace Developers Limited announced the launch of Mahindra Rivenza in Baner Annex, Mahalunge, Pune. The residential development covers 13.46 acres. The developer estimates its overall gross development value (GDV) at approximately ₹3,500 crore.
Phase 1 will introduce 1,236 units across 2, 3 and 4 BHK residences. The launch announcement is the developer's own statement.
The project
Mahindra Rivenza is the name of the project. The launch is for the same project named in the company's October 2025 land-acquisition announcement, not a separately named new scheme. That 2025 release described a 13.46-acre site in Nande-Mahalunge, Pune, with development potential of about ₹3,500 crore.
The launch announcement did not state home prices, a RERA registration number or a possession date.
Amenities and design
The developer says amenities are planned across more than 2.65 lakh square feet. These include a clubhouse of more than 44,000 square feet and landscaped green spaces across more than nine acres.
- Swimming pool with a sunken bar
- Giant swings and stargazing hammocks
- Gymnasium
- Badminton, squash and pickleball courts
- Cycling and jogging tracks
- Glass-roofed library
- Children's play area
The project is envisaged as Net Zero Waste and is IGBC pre-certified Gold. Pre-certification indicates the project is on track for the IGBC rating, but the final rating is awarded at completion.
Location and connectivity
Baner Annex is in Mahalunge, on Pune's western side. The developer describes the area as having access to the Hinjawadi and Baner IT hubs and to global capability centres (GCCs), along with established social infrastructure.
The developer's October 2025 announcement said the site offers quick access to Hinjewadi. It cited a proposed PMRDA Town Planning Scheme and an upcoming Inner Ring Road as connectivity infrastructure. The same announcement named Delhi Public School, Mahindra International School and Symbiosis Centre for Management among nearby educational institutions.
The launch announcement says ongoing and proposed infrastructure is expected to improve accessibility. No completion dates were given for the PMRDA scheme or the Inner Ring Road.
About the developer
Mahindra Lifespace Developers Limited is the real-estate and infrastructure development arm of the Mahindra Group and was established in 1994. The company says its residential footprint spans 53.65 million square feet of completed, ongoing and forthcoming projects across seven Indian cities. It also says it has more than 5,000 acres of ongoing and forthcoming projects at integrated developments and industrial clusters across four locations.
Vimalendra Singh, Chief Business Officer (Residential), said the project reflects the company's understanding of Pune homebuyers. He said it aims to provide thoughtfully designed homes, amenities and a sense of community.
What it means for buyers and investors
For buyers, the main open questions are price, RERA registration and possession timing. None of these is in the launch announcement, so buyers should check the project's RERA registration on the Maharashtra RERA website before committing to any booking.
For investors and the wider market, the launch adds 1,236 units in Phase 1 to Pune's western residential supply. The developer's October 2025 land statement described Mahalunge-Nande-Maan as a micro-market with strong absorption in recent years. That is the developer's own assessment. No independent market-demand data or buyer commentary was found for this launch.
What is not yet known
- Price per square foot or total price for any unit type
- RERA registration number
- Possession date and construction schedule
- Sales milestones or booking dates for later phases
- Completion dates for the PMRDA Town Planning Scheme and Inner Ring Road
What comes next
The launch announcement did not give a construction timetable, sales milestones or any other dated next steps. Phase 1 is the only phase with a stated unit count.
Future updates are expected to come from the developer's RERA filing and project disclosures, once published.
Development phases
Frequently asked questions
What is Mahindra Rivenza?
Mahindra Rivenza is a residential project by Mahindra Lifespace Developers Limited on 13.46 acres in Baner Annex, Mahalunge, Pune. The developer announced its launch on October 6, 2026.
How many homes are in the first phase?
Phase 1 will offer 1,236 units in 2, 3 and 4 BHK configurations, according to the developer's launch announcement.
What is the price of Mahindra Rivenza flats?
The launch announcement did not state home prices. Buyers should ask the developer for current price sheets and check the project's RERA listing.
Does the project have a RERA number?
No RERA registration number was stated in the launch announcement. Buyers can verify registration status on the Maharashtra RERA website.
What is the estimated value of the project?
The developer estimates the overall gross development value at approximately ₹3,500 crore. This is the developer's estimate, not an independently verified figure.
Is this a new project or an existing one?
The name matches the project the developer announced in October 2025 when it acquired the 13.46-acre site. The launch is for that project, not a separately named new scheme.