Mahindra Lifespace Developers Ltd on Tuesday launched Mahindra Rivenza, a 13.46-acre residential development in Baner Annex, Mahalunge, Pune, with an overall Gross Development Value (GDV) of approximately ₹3,500 crore. Phase 1 will comprise 1,236 units across 2, 3 and 4 BHK residences.