Mahindra Lifespaces Expands In Bengaluru With 9.4-Acre Whitefield Land Purchase

Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development branch of the Mahindra Group, has recently announced a significant land acquisition in Whitefield, Bengaluru. The company has acquired 9.4 acres of land with an estimated development potential of approximately 1.2 million square feet of Floor Space Index (FSI) potential. This acquisition is set to have a Gross Development Value of ₹1700 Crore, focusing primarily on mid-premium residential apartments.

Amit Kumar Sinha, Managing Director & CEO of Mahindra Lifespace Developers Ltd., expressed enthusiasm about the expansion in Bengaluru, highlighting the city as a key market for the company. Sinha emphasized the company's commitment to delivering high-quality projects that meet the dynamic needs of Bengaluru's homebuyers. The strategic location of the site in Whitefield positions it near tech parks, commercial spaces, and a well-developed social infrastructure that includes educational institutes, healthcare facilities, and retail options. Proximity to the Whitefield Hope Farm Metro station further enhances its connectivity to central and south Bengaluru.

Mahindra Lifespaces plans to launch the first phase of this project within the next twelve months, aiming to deepen its presence in India's urban centers. Established in 1994, Mahindra Lifespaces has been at the forefront of developing thriving residential communities and business ecosystems. The company's portfolio spans across seven Indian cities with a development footprint of 35.06 million sq. ft., including premium residential projects, value homes under the 'Mahindra Happinest' brand, and integrated cities and industrial clusters under 'Mahindra World City' and 'Origins by Mahindra' brands.

Committed to sustainability, Mahindra Lifespaces is the first real estate company in India to commit to the global Science Based Targets initiative (SBTi). With a 100% Green portfolio since 2014, the company aims for carbon neutrality by 2040 and supports research on green buildings tailored to India's climatic conditions. Mahindra Lifespaces has received over 90 awards for its projects and ESG initiatives.

The Mahindra Group, founded in 1945, stands as one of the largest multinational federations of companies worldwide, with a workforce of 260000 employees across over 100 countries. It holds leadership positions in various sectors including farm equipment, utility vehicles, information technology, financial services, renewable energy, agriculture, logistics, hospitality, and real estate. The group is dedicated to leading ESG globally, enhancing urban living, enabling rural prosperity, and driving positive change for communities and stakeholders.