MAHINDRA LIFESPACE TO BUY 3.2 ACRE PLOT IN PUNE
Realty firm Mahindra Lifespace has agreed to buy 3.2 acre land in Pune from parent company Mahindra & Mahindra as part of its expansion plan. The company has finalised the terms to purchase around 3.2 acres of land in Pimpri, Pune, from Mahindra & Mahindra, and the purchase is expected to be concluded in around
Realty firm Mahindra Lifespace has agreed to buy 3.2 acre land in Pune from parent company Mahindra & Mahindra as part of its expansion plan.
The company has finalised the terms to purchase around 3.2 acres of land in Pimpri, Pune, from Mahindra & Mahindra, and the purchase is expected to be concluded in around six months
This new project will offer nearly 3.25 lakh sq ft of carpet area. When it is launched, this will be Mahindra Lifespaces' fourth project in Pune.
Arvind Subramanian, managing director & CEO of Mahindra Lifespace Developers, said, "The proposed acquisition will help us grow our presence in this high-performing micro-market and is in line with our residential expansion strategy."
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