Mahindra Rivenza Phase 2 Launch Adds Mid-Priced Supply Near Hinjawadi

Mahindra Rivenza Phase 2 Gets MahaRERA Nod and a Launch in Mahalunge

On 1 October 2026, Mahindra Lifespaces announced the launch of Mahindra Rivenza Phase 2 at Baner Annex, off Baner-Hinjawadi Road in Mahalunge, Pune. The same day, the phase received its MahaRERA registration, number PM1261012602103. The project offers 2, 3 and 4 BHK apartments in a gated community, with prices starting from ₹89 lakh+ as of November 2026.

Facts as on 10 November 2026, from RERA / the developer.

What Was Announced and When

The launch was made public the same day RERA approval came through, which the company confirmed at 5:51 pm on 1 October 2026. Phase 2 sits inside a 13.46-acre master plan that the developer values at around ₹3,500 crore in gross development value. Phase 1 of the same township is registered separately and carries 1,236 residential units across 2, 3 and 4 BHK homes.

For buyers, the most useful numbers are these. The RERA possession date is 30 December 2031. Roughly 65 percent of the land is kept open, with more than 9 acres of landscaped greens. The clubhouse covers over 44,000 sq ft, and the amenity area across the township is around 2.65 lakh sq ft.

Unit Sizes and Configurations

The developer has shared sample layouts for all three types, but the final plans are still to be released. Exact carpet areas are also yet to be announced, so buyers should compare the super area and carpet area figures carefully when the cost sheet arrives. Each tower floor is planned with four flats, two lifts and two staircases, which keeps the number of homes sharing a lift fairly modest.

Impact on Homebuyers

For anyone shopping in the Baner-Hinjawadi belt, this launch adds a fresh set of mid-range options. Starting prices near ₹89 lakh put it below many Baner and Wakad listings of similar size, although the exact premium for higher floors and views will only be clear once the price sheet is out. Our read is that the 2 BHK units at the lower end of the range will attract first-time buyers and investors who want a rental-ready flat close to the IT corridor.

Buyers who want to act should keep a few points in mind. The developer has said the cost sheet and payment plan are still being finalised, so there is no confirmed payment schedule yet. Floor rise charges, view premiums, car parking and society formation costs are all listed as separate items, so the headline price will not be the final amount you pay. Ask for a full cost sheet before you commit any money.

Expert Analysis

Mahalunge has become one of the more active pockets on the western side of Pune. The Hinjawadi IT hub is only about 5 to 10 minutes away by road, and that proximity is what keeps demand steady here. Lower entry prices than Baner or Wakad have also pulled in buyers who were priced out of those areas, which is why this launch deserves attention from both end users and investors.

The developer's track record in Pune is mixed. Mahindra Lifespaces has operated in the city since 2007 and has handed over several projects, including phases at Pimpri and Tathawade. Third-party tracking puts its on-time delivery at around 78 percent, and one Tathawade phase was handed over several months behind its original target. That history is worth weighing against the December 2031 possession date, particularly for buyers who need a fixed move-in timeline.

What to Expect Next

Pune Metro Line 3, the elevated Hinjawadi to Shivajinagar corridor, was scheduled to start passenger services in early November 2026. The nearest station is at Wakad, roughly 3 km away. Check the latest operating schedule before you rely on it for your daily commute. The Mumbai-Pune Expressway missing link and the PMRDA ring road alignment are also expected to improve road links, which should support prices in the area over the coming years.

In the coming months, watch for the publication of the final floor plans, the detailed specification sheet and the payment plan. Those three documents will tell you more about the real value of this launch than the launch announcement itself.

Related Projects and Areas Affected

• Mahindra Rivenza Phase 1: the first phase of the same township, with 1,236 units and a separate MahaRERA registration, which gives buyers a useful reference point for construction quality and handover timelines.
• Mahalunge Road and Baner: the main comparison set, where some projects start from around ₹65 lakh, giving buyers a sense of the entry-level market nearby.
• Hinjawadi IT Park: the employment hub that drives rental demand across Mahalunge, Baner and Wakad.
• Pimpri: where Mahindra Lifespaces has several delivered and ongoing projects, and where a Citadel-branded township has seen phased launches since 2023.

Mahindra Lifespaces at a Glance

Mahindra Lifespaces was founded in 1994 and is listed on both the BSE and NSE. It is part of the Mahindra Group. In May 2026 the company reported a development footprint of 53.65 million sq ft of saleable area across seven Indian cities, with more than 90 awards to its name. Its Pune operations have delivered several large communities, which gives Mahindra Rivenza Phase 2 a stronger track record than a new entrant would have.

The amenities include a swimming pool with a sunken bar, a gymnasium, a glass-roof library, badminton and squash courts, a pickleball court, a futsal court, a yoga lawn and cycling and jogging tracks. The project is pre-certified IGBC Gold and planned as a Net Zero Waste development. Home loan tie-ups have been announced with SBI, HDFC, Canara Bank, ICICI and Bajaj Finance, and banks are offering subvention schemes for 12 to 36 months. Structure, flooring and fittings details are still to be published, so ask for these in writing before you book.

Full project details: Mahindra Rivenza Phase 2