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Mahindra Lifespace has officially introduced the third phase of its Mahindra Happinest Tathawade project in Pune. In this phase, the focus is on 2 BHK homes with carpet areas ranging from 619-702 sq ft, and prices starting at Rs 66 lakh. The company proudly highlights that the first two phases of the project were incredibly successful, with most of the inventory already sold out. As a result, the possession of apartments from this third phase is scheduled to begin in 2025.
Vimalendra Singh, the Chief Sales and Service Officer at Mahindra Lifespace Developers Ltd., expressed optimism about phase 3, emphasizing that it includes retail and commercial spaces within the development. This addition aims to provide convenience and create a comprehensive living environment for homebuyers.
Pune's real estate market has witnessed remarkable growth, largely driven by the demand from end-users. It remains a significant market for Mahindra Lifespace. Singh highlighted their positive response to phases 1 and 2, and their confidence in the performance of phase 3, particularly due to its integrated offering of retail and commercial spaces.
Location-wise, the project is strategically positioned along the Mumbai-Pune Highway, a highly sought-after residential area and an educational hub within Pimpri-Chinchwad. It boasts close proximity to the IT hub of Hinjewadi, several multi-speciality hospitals, and the proposed Hinjewadi Junction metro station.
The real estate sector in Pune has been on an upswing in recent years. Pune is known for its thriving IT industry, which has attracted a significant workforce to the city. The demand for quality housing near IT hubs like Hinjewadi has been a driving force behind real estate developments in the region.
Mahindra Lifespace Developers Ltd. is a prominent player in the Indian real estate market, known for its commitment to quality and sustainability. They have a track record of delivering successful residential and commercial projects across various cities in India. Their foray into the Pune market with the Mahindra Happinest Tathawade project underscores their confidence in the city's real estate potential.
The real estate landscape in Pune continues to evolve, offering homebuyers a wide range of options. Mahindra Lifespace's Mahindra Happinest Tathawade project, with its third phase, adds to the city's real estate allure. As the project nears completion in 2025, it promises to redefine premium living in Pune, aligning with the city's aspirations for growth and modern living.
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