Real estate firm Mahindra Lifespace DevelopersLtd on Tuesday launched Mahindra Rivenza, a residential development spread across 13.46 acres in Baner Annex, Mahalunge, Pune, with an overall Gross Development Value of approximately ₹3,500 crore. Phase 1 of the development will introduce 1,236 units across 2, 3 and 4 BHK residences.
The project will have amenities spread across 2.65 lakh+ square feet, including a clubhouse spanning more than 44,000 square feet and landscaped green spaces extending across 9+ acres. The amenities will include a swimming pool with a sunken bar, giant swings, stargazing hammocks, a gymnasium, badminton courts, a squash court and a pickleball court.
The development will also feature cycling and jogging tracks, a library with a glass roof and scenic views, and a children’s play area. Baner Annex is an emerging residential micro-market with access to key employment hubs, including the Hinjawadi and Baner IT hubs, Global Capability Centres , and established social infrastructure, the company said.
Ongoing and proposed infrastructure developments are also expected to further improve accessibility and support the area’s long-term growth potential, it added. 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."ALSO READ | Mahindra Lifespace arm to host YKK India's $150 million manufacturing facility in ChennaiShares of Mahindra Lifespace Developers Ltd ended at ₹352.25, up by ₹0.85, or 0.24%, on the BSE.