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

16 Sep 2025

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..