India, Oct. 11 -- Mumbai-based, listed real estate developer, Mahindra Lifespace Developers Ltd, announced on October 11 that it has acquired 13.46 acres of land in the Nande-Mahalunge area near Pune. The land is estimated to yield a development potential of Rs.3500 crore.

According to the company, the site is located and offers quick access to Hinjewadi, surrounded by well-developed social infrastructure that includes top educational institutes.

Moreover, the location is also equidistant from Baner-Balewadi and Hinjewadi micro markets, which are IT and BFSI hubs of Pune, the company said in the statement.

"Mahalunge-Nande-Maan are among Pune's most promising micro-markets, having witnessed strong absorption over the past few years. Th...