Mahindra Rivenza launched in Baner Annex, Pune with ~₹3,500 crore GDV

Mahindra Lifespace Developers announced the launch of Mahindra Rivenza, a residential development in Baner Annex, Mahalunge, Pune.

Tue 6 Oct 2026

Land Area

13.46 acres

Overall Gross Development Value

approximately ₹3,500 crore

Phase 1 Units

1,236 units across 2, 3 and 4 BHK residences

Mahindra Lifespace Developers Limited has announced the launch of Mahindra Rivenza, a residential development in Baner Annex, Mahalunge, Pune.

The company describes the project as spread over 13.46 acres, with an overall Gross Development Value (GDV) of approximately ₹3,500 crore. As part of the launch, Phase 1 will introduce 1,236 units across 2, 3 and 4 BHK residences.

What the launch involves

• Land area: 13.46 acres
• Overall GDV: approximately ₹3,500 crore
• Phase 1: 1,236 units in 2, 3 and 4 BHK configurations
• Amenities: 2.65 lakh+ sq. ft.
• Clubhouse: 44,000+ sq. ft.
• Landscaped green spaces: 9+ acres

Amenity and sustainability features

The amenity offering includes a swimming pool with a sunken bar, signature giant swings, stargazing hammocks, a gymnasium, badminton courts, a squash court and a pickleball court, along with cycling and jogging tracks, a library with a glass roof and scenic views, and a children's play area.

The company states that Mahindra Rivenza is envisaged as a Net Zero Waste development and is IGBC pre-certified Gold.

Management comment

Vimalendra Singh, Chief Business Officer (Residential), said Pune is an important market for the residential business and that the company sees an opportunity to develop a residential destination responding to how people want to live today, with designed homes, amenities and a sense of community.

Location context

The release notes that Baner Annex is emerging as a well-connected residential micro-market with access to employment hubs such as the Hinjawadi and Baner IT hubs, GCCs, and established social infrastructure. It adds that ongoing and proposed infrastructure developments are expected to further improve accessibility and support the area's long-term growth potential.

How to read this

A new project launch is a business development update. The GDV figure indicates the scale of the development as stated by the company, while the Phase 1 unit count shows the initial inventory. GDV is the estimated total value of sales the project could generate, and is not the same as revenue or profit recognised in any particular period. Sales momentum, construction timelines and actual realisations would be the things to watch over the coming quarters.

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