Mahindra Lifespace Expands Footprint with New Bengaluru Project

Mahindra Lifespace Developers Ltd has acquired 8.2 acres in Bengaluru to launch a Rs 1,000 crore housing project. The subsidiary, Anthurium Developers Ltd, plans to develop a residential project featuring 0.9 million square feet of saleable area. The project targets the emerging North Bengaluru micro-market.

Devdiscourse News Desk | New Delhi | Updated: 23-01-2025 15:57 IST | Created: 23-01-2025 15:57 IST

Mahindra Lifespace Expands Footprint with New Bengaluru Project — This image is AI-generated and does not depict any real-life event or location. It is a fictional representation created for illustrative purposes only.

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In a strategic expansion move, Mahindra Lifespace Developers Ltd announced the acquisition of an 8.2-acre land parcel in North Bengaluru, marking a new chapter of its residential project endeavors.

The company unveiled plans for a housing development with a Gross Development Value of approximately Rs 1,000 crore, focusing on mid-premium residential apartments. The project will cover about 0.9 million square feet of saleable area.

Amit Kumar Sinha, Managing Director & CEO of Mahindra Lifespace, highlighted the potential of North Bengaluru, emphasizing its proximity to the international airport and major tech hubs as factors that will drive demand.

(With inputs from agencies.)