Mahindra Rivenza in Mahalunge, Pune Gets MahaRERA Registration; Sales Launch Targeted for Early December

What happened

Mahindra Lifespace Developers Limited has received MahaRERA registration for Mahindra Rivenza, a residential project in Baner Annex, Mahalunge, Pune. The approval was granted on 1 October 2026, when the company filed an intimation under Regulation 30 of the SEBI Listing Regulations to confirm the project's launch.

On its Q2 FY27 earnings call held on 22 October 2026, the company re-confirmed the project and said the sales launch is targeted for early December 2026. The registration itself dates from 1 October. The later call did not mark a new approval.

The company's filing and press release describe 1 October 2026 as the project launch date. The sales launch that follows is expected in early December.

Project details

Mahindra Rivenza is planned on 13.46 acres in Baner Annex, Mahalunge. Phase 1 will introduce 1,236 units across 2, 3 and 4 BHK residences. The project has an overall gross development value of about ₹3,500 crore.

The company said Phase 2 is also registered with MahaRERA under a separate registration number. Future phases will be registered before they are launched, according to the company.

Official price figures have not been published by the company. Possession dates have also not been announced.

Location and access

According to the developer's project page, Rivenza Phase 1 sits on the Nande-Balewadi Road in Mahalunge, close to the Baner-Hinjawadi link. The project page gives these approximate drive times from the site:

• Mumbai-Bangalore Highway: about 15 minutes
• Pune-Paud Road: about 15 minutes
• Chandani Chowk: about 30 minutes

The developer's material also mentions the Metro and the proposed Ring Road as upcoming infrastructure.

Amenities

Press coverage of the launch lists these amenities: a clubhouse of over 44,000 sq ft, a swimming pool, squash and pickleball courts, jogging and cycling tracks, a children's play area and a library with a glass roof.

The developer

Mahindra Lifespace Developers is the real estate and infrastructure arm of the Mahindra Group, based in Mumbai. The company was established in 1994. Its residential development footprint covers over 47.56 million square feet, and its industrial clusters span more than 5,000 acres. The total gross development value of its portfolio is around ₹50,000 crore.

Vimalendra Singh, Chief Business Officer (Residential), described Pune as 'an important market for our residential business'. He said of the project: 'This philosophy shapes Mahindra Rivenza, and we believe it will create lasting value for residents and the neighbourhood.'

Company results and share price

Mahindra Lifespace shares reached a day high of ₹360.95 on 7 October 2026, up 2%, after the Rivenza launch was reported.

What it means for buyers

• Buyers can check the project's registration details on the MahaRERA portal. The company says the full registered information is available there.
• The sales launch is targeted for early December 2026. Management's timing is an estimate and is not a firm commitment.
• Pricing and possession dates have not yet been announced by the company.

Market and investor context

The company said the Rivenza project is ready for launch. Its developer materials target IT professionals working near Hinjewadi, Baner and Balewadi. The company describes Pune as an important market and says it is expanding its footprint there as it bets on housing demand in western India's technology corridors.

A review of the Q2 results flagged that launch delays on other projects could weigh on second-half sales momentum. That review named Sai Baba, WestEra and Navrat, and did not name Rivenza.

What comes next

• Sales launch of Mahindra Rivenza: targeted for early December 2026.
• Future phases: to be registered with MahaRERA before their own launches, according to the company.
• Other launches named on the 22 October call: WestEra in Santacruz, targeted in two to three months; Sai Baba Nagar in Borivali, with approvals expected by end-Q3 or mid-Q4 FY27; and Navrat, a greenfield project expected in H2 FY27.

These dates are management estimates and may change.