Mahindra Lifespace Developers Limited has acquired land of approximately 5.38 acres situated at Wagholi, Pune. This land has saleable area potential of approximately 1.5 million square feet for residential development. The seller is a third-party who does not belong to the Promoter/Promoter Group/Group companies and the transaction does not fall under the ambit of Related Party Transactions.

None of the Promoters, Directors, Key Managerial Persons and/or their relative(s) are interested whether directly /indirectly in the aforesaid transaction.