+
 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
Technology

Six ways a smarter workflow leads to faster, more accurate bids

In today’s fast-paced civil construction environment, estimators need more than just solid numbers. They need smart, streamlined processes. This article explores six key ways connected workflows can transform the estimated approach, help in minimising risk, move faster, and improve accuracy. By integrating tools, data, and teams, one can produce stronger bids with less rework, fewer surprises, and more confidence. As an estimator, the job goes beyond producing numbers. They are responsible for delivering bids that are fast, accurate, and built to win. In today’s civil construction ind..

Next Story
Real Estate

Experion Launches Women-Only Co-Living Project in Greater Noida

Experion, part of Singapore-based AT Capital Group, has launched its first co-living space under its managed rental housing brand, VLIV, in Greater Noida. The all-women residence features 730 twin-sharing beds with a strong focus on safety, comfort, and well-being. VLIV has committed a $300 million investment to create a structured, service-led rental housing ecosystem in India. The brand aims to scale up to 20,000 beds in the next few years, with a long-term target of 100,000 beds nationwide. “India’s rental housing is fragmented. VLIV is our way of building long-term, dependabl..

Next Story
Infrastructure Urban

Officine Maccaferri Acquires CPT to Bolster Tunnelling Tech

Ambienta’s platform company, Officine Maccaferri S.p.A., has acquired CPT Group, a leading Italian developer of robotic prefabrication systems and digital control technologies for mechanised tunnelling. The move positions Maccaferri as a global player in integrated tunnelling solutions, blending traditional and advanced mechanised systems. Based in Nova Milanese, CPT serves major global contractors across Europe, Southeast Asia, and Australia. The company offers robotic prefabrication (Robofactory), productivity-monitoring software for Tunnel Boring Machines (TBMs), and eco-designed spa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?