Construction Mirror Article detail

Mahindra Lifespaces Developers (MLDL), the real estate and infrastructure development arm of the Mahindra Group, has launched the third phase of Mahindra Happinest Tathawade, a ‘Fusion Homes’ residential development in Pune.

With most of its Phase 1 & 2 inventory already sold out, this is one of the fastest selling developments in the micro market of PCMC. Moreover, with Phase 1 construction ahead of schedule, possession of apartments is planned from 2025 onwards. Phase 3 of Mahindra Happinest Tathawade comprises exclusively of 2 BHK homes, ranging in carpet area from 619 sq ft to 702 sq ft., and priced Rs 66 lakh onwards.

As a part of this launch, Mahindra Lifespaces is also adding retail and commercial spaces within the development, ensuring convenience and a well-rounded destination for homebuyers. The retail inventory will be designed to offer a diverse range of options, featuring a mix of both medium and small-format retail.

Vimalendra Singh, chief sales and service officer, Mahindra Lifespace Developers, said, “Pune is one of the leading residential destinations driven by end-user demand, and continues to remain a key market for us. The city’s robust performance with respect to improving social and urban infrastructure, increasing employment opportunities, and a growing demand for differentiated homes with sustainable lifestyle has been a key driver for the business. We got a very positive response for phases 1 & 2, and are confident of the performance of phase 3 with an integrated offering of retail and commercial spaces.”

Strategically located along the Mumbai-Pune highway, the development is situated in a highly coveted residential area and an educational hub within Pimpri-Chinchwad. It is in close proximity to the IT hub of Hinjewadi, various multi-speciality hospitals, and proposed Hinjewadi Junction metro station. Additionally, upcoming developments in the area includes a lifestyle mall and the forthcoming 170 km ring road, slated to encircle both Pune and PCMC. The area also offers connectivity to key transit points such as Old Mumbai-Pune highway, Pune-Dhule-Nasik highway, railway stations (Kasarwadi and Pimpri), bus stop (Pimpri Chowk) and metro station (Sant Tukaram Nagar).