Mahindra Lifespaces acquires land parcel in south Bangalore
Real Estate

Mahindra Lifespaces acquires land parcel in south Bangalore

The 4.25-acre land tract is in the Singasandra neighbourhood of south Bangalore and was purchased by Mahindra Lifespace Developers, the Mahindra Group's real estate and infrastructure development division.

The site is predicted to have a gross development value of over $4 billion and a developable potential of over 4.6 lakh square feet, with the majority of that space being used for luxury residences.

We are pleased to add this new project to our portfolio because Bangalore is a critical growth area for our residential industry. The introduction of our residential property Mahindra Eden had an overwhelmingly positive response, and this project, which will be our third in Bangalore, follows, according to Arvind Subramanian, MD & CEO of Mahindra Lifespace Developers.

He claims that this most recent acquisition is in line with the company's objective of increasing the developer's footprint in the city's important micromarkets and further strengthening its foothold in India's information technology (IT) capital.

The land piece is conveniently situated off Hosur Road and provides access to nearby social infrastructure, including educational institutions, medical centres, and shopping areas. The land piece is also close to Electronics City, India's largest IT and electronics cluster.

Mahindra Lifespace Developers anticipates beginning construction on the project's first phase in 2023.

The 4.25-acre land tract is in the Singasandra neighbourhood of south Bangalore and was purchased by Mahindra Lifespace Developers, the Mahindra Group's real estate and infrastructure development division. The site is predicted to have a gross development value of over $4 billion and a developable potential of over 4.6 lakh square feet, with the majority of that space being used for luxury residences. We are pleased to add this new project to our portfolio because Bangalore is a critical growth area for our residential industry. The introduction of our residential property Mahindra Eden had an overwhelmingly positive response, and this project, which will be our third in Bangalore, follows, according to Arvind Subramanian, MD & CEO of Mahindra Lifespace Developers. He claims that this most recent acquisition is in line with the company's objective of increasing the developer's footprint in the city's important micromarkets and further strengthening its foothold in India's information technology (IT) capital. The land piece is conveniently situated off Hosur Road and provides access to nearby social infrastructure, including educational institutions, medical centres, and shopping areas. The land piece is also close to Electronics City, India's largest IT and electronics cluster. Mahindra Lifespace Developers anticipates beginning construction on the project's first phase in 2023.

Next Story
Infrastructure Urban

BorgWarner extends transfer case business with North American OEM

BorgWarner, a global product leader in delivering innovative and sustainable mobility solutions, is furthering its business with a major North American OEM by securing extensions on two transfer case contracts for upcoming vehicle launches with new platform requirements. BorgWarner will supply two types of transfer cases, including its active Electro-Mechanical On-Demand 2-Speed (EMOD) and a part-time Electric Shift-on-the-Fly 2-Speed (ESOF) transfer case. Two of the OEM’s combustion and hybrid passenger truck platforms will be equipped with the EMOD and ESOF, while an additional passenger t..

Next Story
Infrastructure Transport

CII partners with Hunch Mobility for Urban Air Mobility Expo 2025

The Confederation of Indian Industry (CII) has announced its partnership with Hunch Mobility to host the upcoming Urban Air Mobility Expo 2025. This significant event aims to showcase advancements in urban air mobility, a rapidly evolving sector that promises to revolutionize urban transportation. Scheduled for 2025, the expo will serve as a platform for industry leaders, innovators, and policymakers to converge and discuss the future of air transport within urban environments. Key topics will include technological innovations, regulatory frameworks, and infrastructure development necessary f..

Next Story
Infrastructure Urban

HCL Tech opens first delivery centre in Kochi

HCL Technologies has officially inaugurated its first delivery centre in Kochi, marking a significant expansion in its operational footprint in India. This new facility aims to enhance the company’s capabilities in delivering a wide range of technology services to its clients. The Kochi delivery centre will focus on various areas, including software development, IT services, and digital solutions, contributing to HCL's commitment to driving innovation and improving service delivery. With this initiative, HCL Tech aims to tap into the region's growing pool of skilled talent, particularly in ..

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