September 21, 2023: Mahindra Lifespaces Developers (MLDL), the real estate and infrastructure development arm of the Mahindra Group, announces the launch of the third phase of Mahindra Happinest Tathawade, a Fusion Homes residential development in Pune.
Phase-3 of Mahindra Happinest Tathawade comprises of 2 BHK units, ranging in carpet area from 619 sqft to 702 sqft. These are priced Rs 66 lakh onwards.
As a part of this launch, Mahindra Lifespaces is also adding retail and commercial spaces within the development. The retail inventory will be designed to offer a diverse range of options, featuring a mix of both medium and small-format retail.
Vimalendra Singh, chief sales and service officer, Mahindra Lifespace Developers, said, “Pune is one of the leading residential destinations driven by end-user demand, and continues to remain a key market for us. The city’s robust performance with respect to improving social and urban infrastructure, increasing employment opportunities, and a growing demand for differentiated homes with sustainable lifestyle has been a key driver for the business. We got a very positive response for phases 1 and 2, and are confident of the performance of phase 3 with an integrated offering of retail and commercial spaces.”
As per the company’s statement, most of its Phase 1 and 2 inventory are already sold out. Also, with Phase 1 construction ahead of schedule, possession of apartments is planned from 2025 onwards, added the company statement.
The development is situated within Pimpri-Chinchwad and is in close proximity to Hinjewadi and the proposed Hinjewadi Junction Metro Station. Upcoming developments in the area includes the forthcoming 170 km Ring Road that will encircle both Pune and PCMC.
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