Mahindra Lifespace Developers secures prime land in Bengaluru for residential project
Mahindra Lifespace Developers Limited (MLDL), a key player in the real estate and infrastructure development sector and part of the esteemed Mahindra Group, recently announced a significant land acquisition in Bengaluru, Karnataka. The company has secured 9.4 acres of prime land in the bustling locale of Whitefield, a decision poised to cater to the dynamic demands of the city’s burgeoning residential market. This new venture is expected to develop approximately 1.2 million square feet of Floor Space Index (FSI) potential, translating to a Gross Development Value of around INR 1700 crore. The project primarily focuses on mid-premium residential apartments, aiming to redefine urban living in one of India’s fastest-growing metropolitan areas.
Amit Kumar Sinha, Managing Director & CEO of Mahindra Lifespace Developers Ltd., shared his enthusiasm for the expansion, stating, “Bengaluru continues to remain a focus market for us, and we are excited to expand our footprint within the city. This aligns with our strategy to deepen our presence in India’s thriving urban centers, particularly within our focus markets. We remain committed to delivering top-notch projects that resonate with the dynamic demands of Bengaluru’s home buyers, who have demonstrated their willingness to appreciate and buy high-quality projects.”
The strategically chosen site in Whitefield stands out for its exceptional accessibility and connectivity. Surrounded by tech parks, commercial spaces, and a robust social infrastructure including educational institutes, healthcare facilities, and retail options, the location promises a convenient and high-quality lifestyle. Additionally, its proximity to the Whitefield Hope Farm Metro station enhances its appeal by offering easy access to central and south Bengaluru, making it an attractive choice for potential homeowners and investors alike.
Mahindra Lifespaces plans to initiate the first phase of this ambitious project within the next twelve months, marking a significant milestone in Bengaluru’s real estate landscape. This project not only underscores Mahindra Lifespace Developers Limited’s commitment to fostering sustainable urban growth but also highlights its dedication to enhancing the quality of life for its residents through thoughtful and innovative development practices.
As Mahindra Lifespace Developers Limited forges ahead with this project, it cements its position as a leader in creating sustainable urban environments. The company’s strategic investment in Bengaluru is a testament to its vision of shaping India’s urban future, contributing to the overall development and prosperity of the city and its inhabitants.