Mahindra Rivenza Phase 2
Project snapshot
Updated on
Mahindra Rivenza Phase 2 is a New Launch residential project by Mahindra Lifespaces in Baner Annex, off Baner-Hinjawadi Road, Mahalunge, Pune. It offers 2, 3 and 4 BHK apartments in a gated community, with a starting price of ₹89 lakh+ as of November 2026. The project is registered with MahaRERA under PM1261012602103.
Overview & Positioning
Phase 2 is the second registered phase of a master plan spread over about 13.46 acres. Phase 1 is a separate MahaRERA registration in the same plan and carries 1,236 residential units across 2, 3 and 4 BHK homes. The full master plan is designed with 12 towers, of which 6 sit in Phase 1. The Phase 2 tower and unit count has not been announced yet. Phase 1 towers are described as G + M + 3P + 30 storeys, and about 65% of the site is kept free of building footprints.
Phase 2 is at the New Launch stage, so buyers are looking at sample layouts and a starting price rather than a finished show home. Compared with Baner, Wakad and Hinjawadi, Mahalunge generally offers lower entry prices, and this project sits in the mid-premium band for the area. It suits buyers who want larger homes on the western IT corridor and can wait until 2031 for possession. It is less suited to anyone who needs a home within a year.
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Location & Connectivity
The project sits in Baner Annex, reached from Baner-Hinjawadi Road, in the Mahalunge belt of western Pune. Pune Metro Line 3 and the Mumbai-Pune Expressway are the main corridors nearby, and Baner Road, NH48 and the Pune-Bangalore Highway are the key highways close to Mahalunge.
| Destination | Distance | Drive Time |
|---|---|---|
| Hinjewadi IT Park | Close by | 5–10 minutes |
| Wakad Metro Station (nearest existing metro) | About 3 km | About 10 minutes |
| Pune Junction Railway Station | About 12 km from Baner | About 35–45 minutes |
| Pune International Airport | 21 km | 30–45 minutes via Aundh-Airport Road |
| Mumbai | Long-distance | About 4 hours |
Expect heavy traffic on Baner-Hinjawadi and Mahalunge roads during office hours, as the IT corridor pulls a large daytime population onto a road network that is still being upgraded. The Baner-Mahalunge Road upgrade is complete and has improved access toward the western IT corridor, but the metro and ring road timelines will decide how much the commute eases over the next few years.
Upcoming Infrastructure
- Pune Metro Line 3 (Hinjewadi to Shivajinagar, 23.2 km elevated, Pink Line): The line passes through this area. Stations 15, 16, 20 and 22 were scheduled for phased completion by January 2027, so buyers should check the current opening status before counting on it for daily commutes.
- Mumbai-Pune Expressway missing link (about 13.3 km): Targeted for completion around 2026. It would shorten road travel toward Mumbai once open.
- PMRDA Ring Road alignment: Links Mahalunge with Solapur Road, Nagar Road and Mumbai Highway. The completion timeline is the key variable for owners who expect easier cross-city travel.
- Mahalunge-Maan Hi-Tech City (PMRDA, about 700 acres): Proposed on the Hinjewadi model. It could bring more office jobs closer to home over the long term.
Configurations & Pricing
| Configuration | Unit Size (sq.ft.) | Indicative Price (Rs) |
|---|---|---|
| 2 BHK | 688 to 855 | From ₹89 Lakh+ (project starting price) |
| 3 BHK | 995 to 1,206 | On request |
| 4 BHK | 1,615 to 1,650 | On request |
Facts as on November 2026, from RERA / the developer.
The unit sizes above are the published figures so far. The developer will announce exact carpet areas, and the basis of the sizes will be confirmed in the final cost sheet. A per-sq-ft rate has not been published, so the sales team shares unit-wise pricing on request. The starting price is the figure to use for budgeting, and the final cost depends on floor, facing and the unit chosen.
Payment Plan
The developer is still finalising the cost sheet and payment plan for Phase 2. Once released, the plan will show the stage-wise payment schedule, the booking amount and any offers linked to the launch. Until then, treat any payment schedule circulating online as indicative. Ask the Synergy Infracon sales team for the written plan before you commit to a booking, and compare the schedule against the construction and possession timeline in your own budget.
Launch & Possession Timeline
- 1 October 2026: Launch announced through the company's exchange filing.
- 1 October 2026: MahaRERA approval received at 5:51 pm, and Phase 2 registered as PM1261012602103.
- Expression-of-interest phase: An EOI or priority-pass stage has been reported. Ask our team for the current window before planning your visit.
- 30 December 2031: RERA possession date, matching the developer's own timeline.
- Current stage: New Launch.
Key Highlights & USPs
- Master plan of about 13.46 acres with roughly 65% of the site kept open and free of building footprints.
- More than 9 acres of landscaped greens across the township.
- A clubhouse of 44,000+ sq ft, described as one of the largest in the township, with two clubhouses in total.
- Amenity area of 2.65 lakh+ sq ft across the development.
- IGBC Gold pre-certification and Net Zero Waste planning for the township.
- Homes are designed to face views of a river, hills and greens, as marketed by the developer.
- Two lifts and two staircases per floor, with four flats on each floor in the tower plans.
- Gross development value of about ₹3,500 crore for the overall project.
Amenities & Lifestyle
Wellness & Fitness
- Gymnasium, yoga lawn and cycling and jogging tracks
- Badminton, squash and pickleball courts, plus a futsal court and a half basketball court
Leisure & Social
- Swimming pool with a sunken bar, signature giant swings and stargazing hammocks
- Glass-roof library, barbeque deck and multipurpose court
Family & Kids
- Dedicated kids' play area
Convenience & Security
- Gated community with round-the-clock security
- Power backup listed as an internal amenity
The pool, gym and kids' areas are shared across the master plan, so ask the sales team which facilities will be delivered in Phase 2 specifically.
Specifications
- Kitchen with a granite platform and stainless-steel sink
- Powder-coated aluminium sliding windows
- Two lifts per floor in the tower plans
- Power backup as an internal amenity
The structure details, flooring and bathroom fittings will be shared in the full specification sheet, which the developer has yet to release. Ask for it in writing before you compare this project with other options.
About the Developer
Mahindra Lifespaces is a real estate arm of the Mahindra Group, founded in 1994 and listed on both the BSE and NSE. Its Pune operations date from 2007, and its May 2026 release described about 53.65 million sq ft of saleable area across seven Indian cities. Third-party tracking shows more than 55 completed projects and about 25 million sq ft delivered, with on-time delivery around 78%, though this varies sharply by project. Pune projects such as Mahindra Antheia in Pimpri and Mahindra Happinest Tathawade Phase 1 show the range: the Tathawade phase was handed over in April 2026, reportedly about nine and a half months later than its original target. The group's scale and listing add accountability, but buyers should still check the delivery track record of the specific phase they plan to buy.
Locality & Investment Outlook
Mahalunge is still developing, and the locality's value is tied closely to the road and metro links now in progress. Mahindra Rivenza Phase 2 is priced below Baner, Wakad and Hinjawadi, which makes it attractive for owner-occupiers stepping up from smaller homes. Nearby options show the spread: Saheel Itrend Futura on Mahalunge Road, Baner, has been listed from about ₹65 lakh, while Mahindra Citadel Sanctum in Pimpri is listed between ₹1.07 crore and ₹1.59 crore. Those figures come from current market data and the listing dates are not uniform, so treat them as a guide.
For an owner-occupier, the appeal is a larger layout and green surroundings in exchange for a longer commute until the metro and ring road are fully open. For an investor, the case rests on job-driven demand from the IT corridor and the eventual metro connection. Rental yields and resale liquidity in this micro-market should be checked against current listings. Possession in December 2031 means the investment horizon is long, and the price per sq ft is not yet published, so compare the final cost sheet carefully before deciding.
Home Loans & Charges
| Charge | Amount |
|---|---|
| Car parking | One space per unit, charged separately |
The cost sheet will also show floor rise and view premiums, society formation, maintenance deposits and development charges, so ask the sales team for the full breakdown. The developer has tie-ups with SBI, HDFC, Canara Bank, ICICI and Bajaj Finance, and Synergy Infracon helps buyers with loan paperwork from application to disbursement.
RERA & Approvals
Mahindra Rivenza Phase 2 is registered with MahaRERA under PM1261012602103, with registration dated 1 October 2026 and a possession date of 30 December 2031. Buyers can verify the registration on the MahaRERA portal. Phase 1 is a separate registration, PR1261012602102, in the same master plan. A commencement certificate is listed as available, so ask for the document and its date before booking. IGBC Gold pre-certification is a green building rating, not a government approval.
Why Buy Through Synergy Infracon
As a RERA-registered channel partner, Synergy Infracon brings the same developer pricing with independent advice. Our team walks you through the cost sheet line by line, arranges site visits and helps you compare Phase 2 against nearby options on price, layout and connectivity. We also support you through home-loan paperwork and stay in touch after booking until possession. If you want the latest cost sheet or a site visit, request it through our sales team and we will share the current figures and plan for you.
FAQ — Frequently Asked Questions
Q: Is Mahindra Rivenza Phase 2 RERA registered?
A: Yes, the project is registered with MahaRERA under PM1261012602103, dated 1 October 2026.
Q: When will Mahindra Rivenza Phase 2 be possessed?
A: The RERA possession date is 30 December 2031, the same as the developer's timeline.
Q: What is the price of Mahindra Rivenza Phase 2?
A: The starting price is ₹89 lakh+ as of November 2026, and unit-wise pricing is shared by the sales team on request.
Q: What configurations does Mahindra Rivenza Phase 2 offer?
A: The project offers 2 BHK units of 688 to 855 sq ft, 3 BHK units of 995 to 1,206 sq ft and 4 BHK units of 1,615 to 1,650 sq ft.
Q: What is the nearest metro to Mahindra Rivenza Phase 2?
A: The nearest existing metro is Wakad station, about 3 km away, on Pune Metro Line 3, which is being rolled out in phases.
Q: Is Mahindra Rivenza Phase 2 a good investment?
A: It can suit long-term investors looking at the western IT corridor, but returns depend on the metro and ring road timelines, and possession is about five years away.
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Baner Annex Buyers: Mahindra Rivenza on 13.46 Acres, Check Before Booking
Mahindra Lifespaces launches a 13.46-acre Mahalunge project with 1,236 homes, extensive planned amenities and an estimated ₹3,500 crore development value.