Mahindra Lifespace to develop only net-zero houses from 2030
Real Estate

Mahindra Lifespace to develop only net-zero houses from 2030

Mahindra Lifespace Developers will develop only net-zero buildings from 2030 onwards as part of its commitment to the Mahindra Group’s 2040 carbon neutrality goals.

The company told the media that the developer had launched the first net-zero energy project in India, which spread over 7.74 acres in Bangalore. The company has planned to invest around Rs 500 crore to develop the project with estimated revenue of Rs 600-650 crore. Phase-I of this project will be completed by April 2027.

CEO and Managing Director of Mahindra Lifespace Developers, Arvind Subramanian, told the media that global climate change is one of the most challenging issues, and buildings contribute to about 36% of the total energy consumption and about 40% of carbon emissions.

He said that building net-zero homes is an initiative to reduce carbon emissions and a crucial solution to climate change. The company is committed to playing a leading role in this energy transition in the real estate sector.

He said that such projects might result in 5% additional cost, the payback in terms of returns will be gained within 2-3 years, and homebuyers would stand to gain at least Rs 1,000 per sq ft across the lifecycle of projects.

The project, including Mahindra Eden, is Mahindra Lifespaces' second project in Bangalore. The maiden residential project, Mahindra Windchimes, situated on Bannerghatta Road, is completely sold.

Image Source

Also read: Mahindra Lifespace to buy 9.24 acres land from M&M in Mumbai

Mahindra Lifespace Developers will develop only net-zero buildings from 2030 onwards as part of its commitment to the Mahindra Group’s 2040 carbon neutrality goals. The company told the media that the developer had launched the first net-zero energy project in India, which spread over 7.74 acres in Bangalore. The company has planned to invest around Rs 500 crore to develop the project with estimated revenue of Rs 600-650 crore. Phase-I of this project will be completed by April 2027. CEO and Managing Director of Mahindra Lifespace Developers, Arvind Subramanian, told the media that global climate change is one of the most challenging issues, and buildings contribute to about 36% of the total energy consumption and about 40% of carbon emissions. He said that building net-zero homes is an initiative to reduce carbon emissions and a crucial solution to climate change. The company is committed to playing a leading role in this energy transition in the real estate sector. He said that such projects might result in 5% additional cost, the payback in terms of returns will be gained within 2-3 years, and homebuyers would stand to gain at least Rs 1,000 per sq ft across the lifecycle of projects. The project, including Mahindra Eden, is Mahindra Lifespaces' second project in Bangalore. The maiden residential project, Mahindra Windchimes, situated on Bannerghatta Road, is completely sold. Image Source Also read: Mahindra Lifespace to buy 9.24 acres land from M&M in Mumbai

Next Story
Infrastructure Transport

Railway stations in Prayagraj undergo major passenger facility expansion

The Railway Board Chairman and CEO, Satish Kumar, conducted an extensive inspection on Saturday alongside the General Manager of Northern Railway and the officiating General Manager of North Central Railway. Their visit focused on various ongoing projects at multiple stations across the Northern and North Central Railway zones, with particular attention to enhancing facilities for the upcoming Maha Kumbh. During the inspection, Chairman Kumar reviewed the construction of a vital bridge over the River Ganga, specifically between Jhunsi and Prayagraj Rambagh. This bridge is expected to significa..

Next Story
Infrastructure Transport

Madurai-Thoothukudi broad gauge line works under review

The construction of the Madurai-Thoothukudi broad gauge line, which includes the crucial Melmarudur-Tiruparankundram project, is currently under careful review. This update comes from Southern Railway's assistant public information officer, J Kumarasubramanian, following an RTI inquiry made by a concerned citizen, Dayanand Krishnan. The new broad gauge line is projected to cover a total length of 143.5 km, with the initial 18 km stretch between Milavittan and Melmarudur completed and sanctioned by the Commission of Railway Safety on March 8, 2022. While substantial progress has been made on t..

Next Story
Real Estate

DLF expects Rs 26,000 cr from super luxury project in Gurugram

Realty giant DLF is projecting impressive revenue of Rs 26,000 crore from its newly unveiled super-luxury project, The Dahlias, situated in the heart of Gurugram. Ashok Tyagi, the Managing Director of DLF, shared these insights during a recent conference call with market analysts, highlighting the project's potential amidst rising demand for high-end residential properties. The Dahlias project spans an expansive 17 acres and is set to feature approximately 420 ultra-luxury apartments, each boasting a minimum size of 10,300 square feet. This ambitious development has already garnered significan..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000