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Mahindra Lifespace Developers on Thursday announced that it has executed an agreement to acquire approximately seven acres of land in Pune. The sale deed will be executed in due course, it said in the notice to the exchanges. The company plans to develop a mid-segment residential project with development potential of approximately 0.7 million square feet. The project falls within the Pimpri Chinchwad Municipal Corporation jurisdiction. Mahindra Lifespace has tied up three new projects this fiscal with estimated development potential of 2.1 million square feet across Mumbai, Pune and Bangalore. The stock of Mahindra Lifespace edged up 0.30 per cent at ₹371.05 on the NSE.
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