Mahindra Lifespaces Launches Mahindra Rivenza in Baner Annex, Mahalunge, Pune

What has been launched

Mahindra Lifespace Developers Limited, the real estate and infrastructure arm of the Mahindra Group, announced Mahindra Rivenza on 6 October 2026 through a press release. The project covers 13.46 acres at Baner Annex in Mahalunge, Pune, and the company puts its overall gross development value at approximately ₹3,500 crore.

The first phase is described by the developer as introducing 1,236 residential units. Market reports on the launch repeat the same figure for Phase 1, while the company says later phases will be registered with the regulator before they are launched.

Configurations and layout

The homes are offered as 2 BHK, 3 BHK and 4 BHK residences. The developer describes the towers as holding 2, 3 and 4 BHK homes, with the 4 BHK homes sitting in a community planned across the 13.46-acre site. A 2 BHK home sits within a landscaped, amenity-rich community, and a 3 BHK home has access to the shared amenities and green space.

RERA registration

The project is registered with the Maharashtra Real Estate Regulatory Authority (MahaRERA) under two numbers: PR1261012602102 for Phase 1 and PM1261012602103 for the second registration. Registration filings for the project are dated 1 October 2026, and the developer made a stock exchange disclosure about the launch on the same day. Registration data also places Phase 1 in Sector R-33, Nande, Mulshi, Pune, with PIN 412115.

Registration records list 612 units under Phase 1 and 654 units under Phase 2. This differs from the 1,236-unit Phase 1 figure in the developer's launch announcement, which appears to group the phases differently.

Amenities and green space

The developer lists more than 2.65 lakh sq. ft. of amenities. The clubhouse is over 44,000 sq. ft. and the landscaped green areas cover more than nine acres. Listed recreation features include a swimming pool with a sunken bar, giant swings, stargazing hammocks and a library with a glass roof and views.

Fitness and active facilities include a gymnasium, badminton courts, a squash court, a pickleball court, cycling and jogging tracks. A children's play area and clubhouse gathering spaces are part of the family amenity set.

The project is planned as a Net Zero Waste development and holds IGBC Gold pre-certification, according to the developer.

Location and connectivity

Baner Annex sits in Mahalunge, next to the Hinjewadi area. The developer describes Baner Annex as an emerging residential micro-market with access to the Hinjewadi and Baner IT hubs and to Global Capability Centres. It also cites established social infrastructure nearby.

Schools named in the project's location listing include Delhi Public School, Mahindra International School and Symbiosis Centre for Management. The developer's launch statement says ongoing and proposed infrastructure works are expected to improve accessibility and support the area's long-term growth. Project listings point to the proposed PMRDA Town Planning Scheme and the upcoming Pune Inner Ring Road as part of that picture.

Developer and market context

The launch follows the company's stated focus on Pune as one of its key residential markets. Vimalendra Singh, Chief Business Officer (Residential), said the company has built a long understanding of the city and its homebuyers over the years. Mahindra Lifespace shares rose about 2% in trade the day after the launch was announced, according to business press coverage.