Mahindra Lifespace to develop only net-zero houses from 2030

14 Apr 2022 CW Team

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

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..