The project, spread across 12 acres and located at Alibaug in Raigad district, marks the company's entry into the weekend home segment, a release issued here said.
For the project, Mahindra Lifespaces will develop just 49 villas in the initial tranche, with a combination of 3 and 4 BHK patio and courtyard villas.
"Weekend getaways are increasingly becoming a way of life to rediscover oneself, in the midst of a fast-paced urban life. Born out of a vision to create a luxurious living experience for the discerning, 'The Serenes' will offer weekend homes designed to provide a matchless sensory and rejuvenating experience," company's Managing Director and CEO Anita Arjundas said.
The project offers an array of luxury amenities, including a spa, an open deck for yoga/meditation, a swimming pool, a putting green, a multi-cuisine restaurant among others, it said.
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