Mahindra Lifespaces Acquires 8.2 acre in Bengaluru for Rs 10 Bn Project

28 Jan 2025 CW Team

Mahindra Lifespace did not disclose the deal value and the seller's name.

"The land has a developable potential of approximately 0.9 million (9 lakh) square feet of saleable area and a projected Gross Development Value (GDV) of almost Rs 10 billion," the company said in a regulatory filing.

The project will primarily feature mid-premium residential apartments.

Mahindra Lifespaces plans to launch the project within the next nine months. The project will include mid-premium residential apartments.

The land is off the Bangalore-Hyderabad Highway, close to the international airport. The area is also about 1.8 km from the upcoming Doddajala metro station.

"Bengaluru is a strategic market for us, and this will be our seventh project in the city. Given the proximity to the international airport and major tech parks, we believe North Bengaluru will be an important micro-market with strong demand for well-planned, high-quality homes," said Amit Kumar Sinha, Managing Director and CEO, Mahindra Lifespace Developers.

Mahindra Lifespaces plans to target Rs 450 billion in revenue potential in the next five years. It intends to focus on its business in Mumbai, Pune, and Bengaluru to achieve this. The company has a strategy to achieve pre-sales between Rs 80 and Rs 100 billion by FY28.

In November last year, the company announced a joint development pact with GKW for a 37-acre land parcel in Mumbai’s Bhandup area. The land parcel will have a development potential of around 3.6 million square feet.

The deal bolstered MLDL’s presence in Mumbai. The company said it intends to be one of the largest urban mixed-use developments for MLDL, primarily focused on the residential segment and supporting commercial and retail components. News source: Hindustan Times

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Listed real estate developer Mahindra Lifespace Developers, through its subsidiary Anthurium Developers, has acquired 8.2 acre of land in North Bengaluru to develop a housing project worth Rs 10 billion. Mahindra Lifespace did not disclose the deal value and the seller's name. The land has a developable potential of approximately 0.9 million (9 lakh) square feet of saleable area and a projected Gross Development Value (GDV) of almost Rs 10 billion, the company said in a regulatory filing. The project will primarily feature mid-premium residential apartments. Mahindra Lifespaces plans to launch the project within the next nine months. The project will include mid-premium residential apartments. The land is off the Bangalore-Hyderabad Highway, close to the international airport. The area is also about 1.8 km from the upcoming Doddajala metro station. Bengaluru is a strategic market for us, and this will be our seventh project in the city. Given the proximity to the international airport and major tech parks, we believe North Bengaluru will be an important micro-market with strong demand for well-planned, high-quality homes, said Amit Kumar Sinha, Managing Director and CEO, Mahindra Lifespace Developers. Mahindra Lifespaces plans to target Rs 450 billion in revenue potential in the next five years. It intends to focus on its business in Mumbai, Pune, and Bengaluru to achieve this. The company has a strategy to achieve pre-sales between Rs 80 and Rs 100 billion by FY28. In November last year, the company announced a joint development pact with GKW for a 37-acre land parcel in Mumbai’s Bhandup area. The land parcel will have a development potential of around 3.6 million square feet. The deal bolstered MLDL’s presence in Mumbai. The company said it intends to be one of the largest urban mixed-use developments for MLDL, primarily focused on the residential segment and supporting commercial and retail components. News source: Hindustan Times

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Infrastructure Transport

06 Jul 2026

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Infrastructure Transport

06 Jul 2026

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..