Mahindra Rivenza Phase 2

About Mahindra Rivenza Phase 2

Mahindra Rivenza Phase 2 is a New Launch residential project by Mahindra Lifespaces at Baner Annex, off Baner-Hinjawadi Road, in Mahalunge (Nande), Pune. It offers 2, 3 and 4 BHK apartments in a gated community, and the developer's published pricing starts from ₹89 lakh as of November 2026. The project was registered with MahaRERA on 1 October 2026, the same day the launch was announced.

The project sits within a master plan of approximately 13.46 acres, planned as 12 towers in total. Phase 1 accounts for six of these towers and 1,236 residential units, and it is registered separately under its own MahaRERA number. The gross development value of the whole master plan is put at approximately ₹3,500 crore. Roughly 65 percent of the site is left free of building footprints, which is a considerable allocation of open land for a project of this density.

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

Key Highlights

• Master plan of approximately 13.46 acres, with 12 towers planned across the township.
• About 65 percent of the site kept free of building footprints, with more than 9 acres of landscaped greens.
• Two clubhouses in the township, with the principal clubhouse spanning more than 44,000 sq ft.
• Amenity area of more than 2.65 lakh sq ft across the master plan.
• Configurations of 2 BHK (688 to 855 sq ft), 3 BHK (995 to 1,206 sq ft) and 4 BHK (1,615 to 1,650 sq ft) as published by the developer.
• IGBC Gold pre-certification and Net Zero Waste planning, both from the developer's own design brief.
• Phase 2 registered with MahaRERA under PM1261012602103, with a stated possession date of 30 December 2031.

Location Advantages

Baner Annex lies off Baner-Hinjawadi Road, and the project is reached through the Baner Road, Mahalunge-Balewadi Road and Mumbai Highway (NH48) corridors. The postal code is 412115. Hinjewadi IT Park is approximately 5 to 10 minutes away by road, which places the project within easy commuting range of the western IT corridor. The Mumbai-Pune Expressway is accessible for travel to the wider region, and the metro station at Wakad lies about 3 km away.

Pune International Airport is roughly 21 km from Mahalunge, reachable in 30 to 45 minutes via the Aundh-Airport Road. Pune Junction railway station is about 12 km from Baner, and both the airport and the railway station can be reached within an hour. Mumbai is approximately four hours by road.

The locality's infrastructure is still in transition. The Mumbai-Pune Expressway missing link, the PMRDA Ring Road alignment and the Mula River bridges linking Mahalunge with Balewadi and Baner are all planned or under development, and buyers should weigh their timelines carefully. Road traffic along the Hinjewadi corridor can be heavy at peak hours, and the metro connection is a short feeder journey away rather than at the doorstep.

Location Map — available on request

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What's Nearby: Offices, Malls and Business Parks

Business parks along Baner Road, including Sunrise Business Park and SK Business Park, lie within the wider Baner belt. Retail destinations include Westend Mall on the Aundh-Baner Link Road and Balewadi High Street, both within reasonable reach of the project.

Amenities

• Fitness and sports: gymnasium, badminton court, squash court, pickleball court, futsal court, half basketball court, yoga lawn, cycling track and jogging track.
• Leisure: swimming pool with a sunken bar, signature giant swings and stargazing hammocks.
• Community: clubhouse of more than 44,000 sq ft, glass-roof library, multipurpose court and barbeque deck.
• Children: dedicated kids' play area.
• Green and sustainability: more than 9 acres of landscaped greens and Net Zero Waste planning.
• Security: gated community with round-the-clock security.

The pool, gymnasium and children's areas are part of the shared master-plan amenities. The developer has not yet published a separate amenity list for the Phase 2 towers.

Price and Configuration

The developer lists the starting price at ₹89 lakh and has yet to publish the rate for each configuration. The size ranges below are those published for Phase 2, and the developer has indicated that exact carpet areas will be announced later.

Against the surrounding market, the entry point is comparatively accessible. Saheel Itrend Futura on Mahalunge Road, Baner was listed from about ₹65 lakh as of November 2026, while Mahindra Citadel Sanctum in Pimpri is listed between ₹1.07 crore and ₹1.59 crore as of the same month. The project therefore sits between the lower-priced Mahalunge Road options and the higher-value Pimpri stock.

Master / Floor Plan — available on request

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Payment Plan

The developer has stated that the cost sheet and payment plan for Phase 2 are still being finalised, so no stage-wise schedule has been announced yet. Buyers should expect the cost sheet to itemise floor rise and view premiums, car parking quoted separately, society formation charges and maintenance deposits. At the developer-wide level, banks offer subvention schemes for terms ranging from 12 to 36 months, but the eligibility for this project should be confirmed at the time of booking.

Specifications

The developer has said that the complete specification sheet, covering structure, flooring, bathroom fittings and electricals, is yet to be released. Those items should be checked against the final sheet before a commitment is made.

Floor Plans

The developer has shown sample layouts for the 2, 3 and 4 BHK configurations for Phase 2, but these are without dimensions, and the final dimensioned plans are yet to be released. The tower layouts indicate four apartments per floor, served by two lifts and two staircases. Viewing the dimensioned plans is advisable before comparing unit efficiency.

RERA and Approvals

Mahindra Rivenza Phase 2 is registered with the Maharashtra Real Estate Regulatory Authority (MahaRERA) under registration number PM1261012602103, with the registration date recorded as 1 October 2026. The stated RERA possession date is 30 December 2031, and the developer's possession date matches it. Phase 1 holds a separate registration, PR1261012602102, valid to the same date.

The IGBC Gold pre-certification is a green rating and not a government approval. Buyers may verify both phases directly on the MahaRERA portal before finalising any booking.

Launch and Possession Timeline

• 1 October 2026: launch announced through a stock exchange filing, with MahaRERA approval received at 5:51 pm the same day.
• 1 October 2026: Phase 2 registration recorded under PM1261012602103.
• Priority pass and expression of interest phase: reported in market channels, without a confirmed date.
• 30 December 2031: RERA possession date for Phase 2, matching the developer's stated possession date.

The project's current stage is New Launch, and construction milestones should be read against the registration timeline.

Upcoming Infrastructure

• Pune Metro Line 3 (Hinjewadi to Shivajinagar, 23.2 km elevated, Pink Line): scheduled to open to passengers in early November 2026, with Wakad as the nearest station to Mahalunge. Phased completion of several stations was set for January 2027.
• Mumbai-Pune Expressway missing link (approximately 13.3 km): reported for completion around 2026, which would shorten the drive to the expressway.
• PMRDA Ring Road alignment: planned to connect Mahalunge with Solapur Road, Nagar Road and the Mumbai Highway.
• Mula River bridges: planned to link Mahalunge with Balewadi and Baner.
• Mahalunge-Maan Hi-Tech City (PMRDA, about 700 acres): a proposed IT district modelled on the Hinjewadi framework, which would add employment within the locality.

The Baner-Mahalunge Road upgrade has already been completed, improving access toward the western IT corridor.

Investment Analysis

• Entry price: the starting figure of ₹89 lakh places the project below the central Baner and Wakad price points, consistent with the lower entry costs in Mahalunge.
• Demand drivers: proximity to Hinjewadi IT Park, the Pink Line metro and the planned Hi-Tech City give end users and tenants strong reasons to consider the location.
• Benchmarking: against Mahindra Citadel Sanctum in Pimpri, priced from ₹1.07 crore, the project offers a lower entry point within the same developer's portfolio.
• Appreciation and yield: the locality's infrastructure pipeline supports medium-term value, but the timing of the expressway link and the ring road will determine how quickly that value is realised.
• Resale liquidity: the developer's established Pune brand and the Mahindra Group backing support resale demand, though new phases carry their own pricing risk until the project is completed.

Pros and Cons

Pros

• Strong developer brand with a Pune track record dating from 2007.
• Substantial open space, with about 65 percent of the site kept free of building footprints.
• Access to Hinjewadi IT Park within 5 to 10 minutes.
• Planned metro and road infrastructure on the locality's horizon.
• Lower entry price than the central Baner and Wakad markets.

Cons

• Configuration-wise prices and the payment plan have not yet been published.
• The complete specification sheet is still awaited.
• Metro access depends on a feeder journey to Wakad, and the expressway link and ring road remain works in progress.
• Third-party tracking puts on-time delivery across the developer's completed projects at about 78 percent, and the Happinest Tathawade Phase 1 handover was reported as roughly nine and a half months behind its original target.

Who Should Buy This

Ideal for: end-user families seeking larger 3 and 4 BHK homes in a gated township, IT professionals working in Hinjewadi, and investors who prefer a planned master plan with a listed developer.

Not ideal for: buyers who need a ready-to-move home or a fixed payment schedule today, and those who require metro access at the doorstep.

Home Loans and Charges

The developer has tie-ups with SBI, HDFC, Canara Bank, ICICI and Bajaj Finance for this project. Axis Bank has offered home loans at 0.25 percent below standard rates for Mahindra Lifespaces green homes.

About the Developer

Mahindra Lifespaces was established in 1994 and is part of the Mahindra Group, with equity listed on the BSE and NSE. Its development footprint spans seven Indian cities, and it has operated in Pune since 2007. Notable Pune projects include Mahindra Antheia in Pimpri, Mahindra Centralis Tower 2 (handed over in December 2022) and Mahindra Happinest Tathawade Phase 1 (handed over in April 2026).

Third-party tracking records about 55 completed projects and approximately 78 percent on-time delivery, though these figures are not the developer's own. Its Pune projects The Woods in Wakad, L'Artista in Sopan Baug and Royale in Pimpri-Chinchwad are described as sold out.

FAQ: Frequently Asked Questions

Q: Is Mahindra Rivenza Phase 2 RERA registered?

A: Yes, Phase 2 is registered with MahaRERA under PM1261012602103, with the registration recorded on 1 October 2026.

Q: What is the possession date for Mahindra Rivenza Phase 2?

A: The RERA possession date is 30 December 2031, and the developer's stated possession date is the same.

Q: What is the price range of Mahindra Rivenza Phase 2?

A: The developer's starting price is ₹89 lakh as of November 2026, with configuration-wise rates still to be published.

Q: Is Mahindra Lifespaces a reliable builder?

A: Mahindra Lifespaces, founded in 1994 and part of the Mahindra Group, has delivered more than 55 completed projects, though third-party tracking puts its on-time delivery at about 78 percent.

Q: What is the nearest metro to Mahindra Rivenza Phase 2?

A: The nearest metro is Wakad station on Pune Metro Line 3, about 3 km away, which is reached by a short feeder ride.

Q: Is Mahindra Rivenza Phase 2 a good investment?

A: The project offers a lower entry point than central Baner and Wakad, supported by Hinjewadi proximity and planned infrastructure, though returns depend on delivery timelines and the completion of the expressway link and ring road.

Related News

• Mahindra Lifespaces Launches 13.46-Acre Mahindra Rivenza in Pune’s Baner Annex
• Mahindra Lifespace Developers Launches Mahindra Rivenza in Mahalunge, Pune
• Mahindra Lifespace Developers Launches Mahindra Rivenza in Baner Annex, Mahalunge, Pune