M5 Mahendra Group to Invest Rs. 3.5 bn in Bengaluru Project
ECONOMY & POLICY

M5 Mahendra Group to Invest Rs. 3.5 bn in Bengaluru Project

M5 Mahendra Group plans to invest around Rs. 3.5 bn in Mahendra Solterra, a residential project in Ananth Nagar, Electronic City Phase II, Bengaluru. The development will cover 8.4 acres and comprise 522 three-bedroom homes across six residential towers.

The project has an estimated gross development value of Rs. 9.25 bn and will include approximately 1.1 mn sq ft of residential space. Apartment sizes are planned to range from 1,354 sq ft to 2,029 sq ft, with prices ranging from about Rs. 13.5 mn to Rs. 20 mn, depending on configuration.

The investment figure represents the planned development outlay, while gross development value reflects the estimated value of residential sales. The two figures should not be treated as an indication of profit because the development value does not account for all financing, construction, marketing, statutory and other project-related costs.

Mahendra Solterra forms part of the wider Mahendra Aarya masterplan, which spans about 17 acres and 31 guntas in Electronic City. The broader development context could be relevant to buyers assessing internal infrastructure, access roads, amenities, future construction activity and the delivery of subsequent phases.

Electronic City remains an important residential market because of its proximity to Bengaluru’s technology and employment clusters. The company said the project would contribute to its target of developing 10 mn sq ft by the end of the current financial year. Prospective buyers will need to check the project’s RERA registration, approvals, carpet areas, all-inclusive acquisition costs, construction schedule, possession timelines, maintenance charges and connectivity to workplaces and major roads. Further milestones include the formal sales launch, detailed apartment-wise pricing and payment terms, and progress on the six-tower development.

M5 Mahendra Group plans to invest around Rs. 3.5 bn in Mahendra Solterra, a residential project in Ananth Nagar, Electronic City Phase II, Bengaluru. The development will cover 8.4 acres and comprise 522 three-bedroom homes across six residential towers. The project has an estimated gross development value of Rs. 9.25 bn and will include approximately 1.1 mn sq ft of residential space. Apartment sizes are planned to range from 1,354 sq ft to 2,029 sq ft, with prices ranging from about Rs. 13.5 mn to Rs. 20 mn, depending on configuration. The investment figure represents the planned development outlay, while gross development value reflects the estimated value of residential sales. The two figures should not be treated as an indication of profit because the development value does not account for all financing, construction, marketing, statutory and other project-related costs. Mahendra Solterra forms part of the wider Mahendra Aarya masterplan, which spans about 17 acres and 31 guntas in Electronic City. The broader development context could be relevant to buyers assessing internal infrastructure, access roads, amenities, future construction activity and the delivery of subsequent phases. Electronic City remains an important residential market because of its proximity to Bengaluru’s technology and employment clusters. The company said the project would contribute to its target of developing 10 mn sq ft by the end of the current financial year. Prospective buyers will need to check the project’s RERA registration, approvals, carpet areas, all-inclusive acquisition costs, construction schedule, possession timelines, maintenance charges and connectivity to workplaces and major roads. Further milestones include the formal sales launch, detailed apartment-wise pricing and payment terms, and progress on the six-tower development.

Related Stories

Gold Stories

Next Story
Building Material

From Rough to Refined: How Modern Plastering Is Changing Wall Finishes

When Rohan first walked into his newly constructed home, he imagined what it would become—a warm living room, a bright bedroom, and walls smooth enough to complement his carefully chosen interiors.But there was one problem.The walls didn't look anything like the finished home he had imagined.They were uneven in places, rough to the touch, and covered with visible patches and minor surface imperfections. Rohan initially thought paint would fix everything.His contractor had a different answer.“Before the paint, we need to get the plastering right.”That conversation made Rohan realise somet..

Next Story
Infrastructure Urban

Embraer to Acquire 51 Per Cent Stake in Mahindra Aerospace Arm

Brazilian aerospace major Embraer will acquire a 51 per cent equity stake in Novavayu Aerospace, a step-down subsidiary of Mahindra and Mahindra, under an Investment Agreement notified by the automobile company in an exchange filing. The transaction will give Embraer control of the aerospace business. Following completion of the acquisition, Novavayu Aerospace will cease to be a wholly owned subsidiary and become an associate of Mahindra Defence Systems, which is a step-down wholly owned subsidiary of Mahindra and Mahindra. The agreement is expected to be completed on or before December 1. Mah..

Next Story
Infrastructure Urban

RBI Opens Special Dollar Window for Three State-Run OMCs

The Reserve Bank of India (RBI) has opened a special facility to meet the entire daily US dollar requirements of three public sector oil marketing companies (OMCs), in a move aimed at easing pressure on the Indian rupee. The facility will take effect on October 12, 2026, and remain available until further notice. Indian Oil Corporation, Hindustan Petroleum Corporation and Bharat Petroleum Corporation are eligible to use the arrangement. Under the facility, the RBI will sell US dollars to the three companies through designated banks, allowing them to meet their oil-import payments without sourc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code