Mahindra's Rivenza in Pune has RERA approval; sales targeted for December

Mahindra Lifespace Developers said on its second-quarter earnings call on 22 October 2026 that Mahindra Rivenza, its residential project in Mahalunge, Pune, has received RERA approval and is targeted for sales launch in early December. The approval itself is older than the call. The project was registered with the Maharashtra Real Estate Regulatory Authority (MahaRERA) on 1 October 2026 at 5:51 pm, and the company filed an intimation on the same date under Regulation 30 of the SEBI Listing Regulations. The October call re-confirmed that registration. It did not announce a new one.

What has been registered

The project covers 13.46 acres in Baner Annex, Mahalunge, and the company puts its gross development value at about ₹3,500 crore. Phase 1 will have 1,236 units in 2, 3 and 4 BHK configurations. The company's filing and press release describe 1 October as the launch date, while the call refers to a sales launch in early December. In practical terms, the project is registered now, and units are expected to be offered for sale from December.

RERA registration means the project's declared details, including its approved plans and timelines, are filed with the regulator and can be checked by any buyer. The company said the full registered information is on the MahaRERA portal. Filings reported for the project refer to two phases, both dated 1 October. The company has also said that registrations for future phases will be obtained before those phases are launched. Price and possession timelines were not available in the sources reviewed for this report, and buyers should confirm both from the registered documents and the developer's sales office.

Location and access

The project is on Nande-Balewadi Road in Mahalunge, near the Baner-Hinjawadi link. The developer's connectivity panel lists the Mumbai-Bangalore Highway at about 15 minutes, Pune-Paud Road at about 15 minutes and Chandani Chowk at about 30 minutes. These are the developer's own estimates. The listed amenities include a clubhouse of over 44,000 sq ft, a swimming pool, squash and pickleball courts, jogging and cycling tracks, a children's play area and a library with a glass roof. The developer also points to the Metro and a proposed Ring Road. No timelines for either were found, so both remain proposed. The developer's marketing targets IT professionals. No independent data on Mahalunge sales volumes or price trends was found, so this report does not compare local demand.

Vimalendra Singh, Chief Business Officer (Residential), called Pune "an important market for our residential business". Singh said, "This philosophy shapes Mahindra Rivenza, and we believe it will create lasting value for residents and the neighbourhood."

The developer's position

Mahindra Lifespaces, the Mumbai-based real estate arm of the Mahindra Group, was established in 1994. Its residential pre-sales in the first half of FY27 reached ₹1,988 crore, up 66% from ₹1,200 crore a year earlier. The company maintained its FY27 residential pre-sales guidance of ₹4,500 crore to ₹5,000 crore. For the quarter ended 30 September 2026, consolidated net profit fell 65.9% year on year to ₹16.34 crore. Profit after tax for the first half was ₹102 crore, against ₹99 crore a year earlier. On the same call, the company said Rivenza is ready for launch. It also flagged that launch delays on other projects could weigh on second-half sales. That flag did not name Rivenza.

What to watch next

• Rivenza sales launch, targeted for early December 2026
• Sai Baba Nagar, Borivali: redevelopment of six societies, with approvals expected by end-Q3 or mid-Q4 FY27
• WestEra, Santacruz: redevelopment approvals in process, with launch targeted within 2 to 3 months of the call
• Navrat: a greenfield project expected in H2 FY27; its location was not confirmed in the sources reviewed
• Chembur: development agreement concluded and registered, with the launch target brought forward from FY29 to FY28

All of these timings are management estimates, not commitments. For buyers, the next step is the December sales launch, and the registered details on MahaRERA should be read before any booking. For investors, the key check is whether second-half pre-sales move towards the ₹4,500 crore to ₹5,000 crore guidance as the approvals on the other projects come through.