Realty firm, Mahindra Lifespace Developers Limited (MLDL), on Friday, July 4, said it has launched a new tower at Mahindra Citadel, its residential project in Pimpri-Chinchwad, Pune. The newly-launched tower features premium 1BHK homes targeted at young professionals, nuclear families, and first-time homebuyers.
The tower is part of the larger 9.66-acre development, which carries a gross development value (GDV) of nearly ₹2,500 crore. The launch comes in response to strong demand for earlier phases of the project. Mahindra Citadel offers high-quality urban living with strong connectivity, located adjacent to the Sant Tukaram Metro Station.
The newly-launched tower offers access to landscaped green zones, a clubhouse, a jogging track, a gymnasium, multipurpose courts, and dedicated wellness spaces.
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As with previous phases, homes in this tower are IGBC Gold pre-certified, with eco-friendly features such as energy-efficient lighting, water conservation systems, and solid waste management provisions.
Vimalendra Singh, Chief Business Officer (Residential), Mahindra Lifespace Developers, said, “The continued demand and strong sales at Mahindra Citadel strengthens our belief in Pimpri-Chinchwad as a high-potential residential micro-market. With most of phase 1 and phase 2 sold out, we are pleased to introduce a dedicated 1BHK offering that expands our value proposition to a wider demographic of homebuyers.”
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Shares of Mahindra Lifespace Developers Ltd ended at ₹361, up by ₹1, or 0.28%, on the BSE today (July 4).
