Mahindra Lifespaces Acquires 8.2-Acre Land Parcel in North Bengaluru for INR 1,000 Crores 🏢🌟
Mahindra Lifespace Developers Limited (MLDL), through its subsidiary Anthurium Developers Ltd (ADL), has announced a strategic acquisition of 8.2 acres of land in North Bengaluru. This acquisition marks a significant addition to MLDL’s portfolio in the city, with a developable potential of approximately 0.9 million square feet of saleable area and a projected Gross Development Value (GDV) of almost INR 1,000 crore. The project will feature mid-premium residential apartments catering to the increasing demand for quality housing in Bengaluru.
Amit Kumar Sinha, Managing Director & CEO of Mahindra Lifespace Developers Ltd., highlighted Bengaluru as a strategic market, marking this as their seventh project in the city. Given its proximity to the international airport and major tech parks, North Bengaluru is expected to become an important micro-market with strong demand for well-planned, high-quality homes.
The site, strategically located off the Bangalore-Hyderabad Highway, offers proximity to the international airport, IT hubs, commercial offices, and a growing social infrastructure. With access to renowned educational institutions, healthcare facilities, retail hubs, and just 1.8 kms from the upcoming Doddajala metro station, it’s an ideal location for urban homebuyers.
Mahindra Lifespaces plans to launch the project within the next nine months, further solidifying its position as a leading developer of thoughtfully designed and sustainable residential spaces in Bengaluru, one of India’s fastest-growing real estate markets.
Conclusion
This strategic acquisition by Mahindra Lifespaces will undoubtedly cater to the burgeoning demand for quality housing in North Bengaluru. With its prime location and commitment to sustainable development, the project is set to provide well-planned residential apartments, enhancing the urban living experience in one of India’s most dynamic cities. The project’s launch within the next nine months will further contribute to Mahindra Lifespaces’ reputation as a trusted and innovative developer in the market.