Pune, 19th May 2026 – Mahindra Lifespace Developers Limited, the real estate and infrastructure development arm of the Mahindra Group, has announced the launch of a new phase at Mahindra Citadel, an expansive residential development spread across approximately 9.66 acres in Pimpri-Chinchwad, Pune with a Gross Development Value (GDV) of nearly ₹2,500 crore. This phase comprises Towers E, F & G, introducing premium 2 and 3 BHK residences thoughtfully designed to elevate modern urban living. The GDV for this phase is expected to be ~800-850 crore.
Vimalendra Singh, Chief Business Officer (Residential), Mahindra Lifespace Developers Ltd. said, “Mahindra Citadel has emerged as a strong contributor to our Pune portfolio, reflecting sustained demand for premium residences in well-developed urban corridors. With Codename Sanctum, we are launching a limited inventory of 2 and 3 BHK homes that combine space efficiency, modern design, and ample nature within the development. Pune continues to be a strategically important market for us, driven by infrastructure-led growth and a strong end-user driven housing market.”
The residences feature expansive terrace-style decks, views of the Military Farms, creating a sense of openness and tranquillity within a well-connected urban setting. The homes are designed to maximise natural light, ventilation, and spatial comfort, catering to the evolving preferences of modern homebuyers.
The new phase reflects Mahindra Lifespaces’ commitment to sustainability and thoughtful urban development, offering 30+ premium amenities curated to promote wellness, recreation, and community living. Key highlights include a half Olympic-size swimming pool, indoor community hall, and two badminton courts, alongside multiple lifestyle amenities designed to foster a balanced and vibrant lifestyle.
Positioned along the Old Mumbai–Pune Highway, the development enjoys strong connectivity through the adjoining metro station, with convenient access to key transit corridors across Pune.
