Govt makes new announcements on vehicle scrappage policy

Mahindra Lifespace Buys 9 Acre Plot in Bengaluru for Rs 2 Bn

Mahindra Lifespace Developers Ltd has purchased Shreyas Stones Pvt Ltd, which owns an 8.79 acre parcel at Navaratna Agrahara in North Bengaluru, for approximately Rs 2.0 billion. The share purchase agreement transfers one hundred per cent of SSPL’s equity—10,000 shares of Rs 10 each—to Mahindra Lifespace.The site will be integrated with an adjacent Mahindra holding, creating a unified premium housing scheme with a projected gross development value of about Rs 21.0 billion. On its own, the newly acquired plot is expected to generate roughly Rs 11.0 billion in sales..

Rustomjee Wins Rs 45 Billion GTB Nagar Redevelopment

Keystone Realtors Ltd, the Bengaluru based developer behind the Rustomjee brand, has secured a Letter of Acceptance to overhaul GTB Nagar in Sion, Mumbai, in partnership with the Maharashtra Housing and Area Development Authority (MHADA). Occupying about 11.19 acres, the project will rehouse more than 1,400 families and unlock roughly 2.07 million square feet of saleable area.Keystone estimates the scheme’s gross development value at about Rs 45.21 billion, with free saleable space expected to generate over Rs 45 billion in revenue. The redevelopment underscores the com..

Prestige Unveils Rs 33.5 Billion Pallavaram Gardens

Bengaluru‑based developer Prestige Group has launched Prestige Pallavaram Gardens, a large residential community on Chennai’s Pallavaram–Thoraipakkam Radial Road. With a gross development value of about Rs 33.5 billion, the 21.84‑acre scheme is set to become a marquee address in the fast‑growing corridor. The master plan provides 2,069 premium homes across 2‑, 3‑ and 4‑bedroom layouts, offering a combined saleable area of roughly 3.1 million square feet. Residents will benefit from easy access to key transport arteries and major employment hubs along th..