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

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 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Infrastructure Energy

06 Apr 2026

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Real Estate

06 Apr 2026

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..