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Mahindra Lifespace Developers acquires land in Bengaluru

12 Mar 2024 Evaluate

Mahindra Lifespace Developers has acquired 9.4 acres of land in Whitefield, Bengaluru. The land will have around 1.2 million square feet of FSI potential and a Gross Development Value of around Rs 1700 crore, primarily comprising mid-premium residential apartments.

The site is in the vibrant hub of Whitefield in Bengaluru, offering access to tech parks, commercial spaces, and well-developed social infrastructure, including educational institutes, healthcare facilities, and retail in proximity. Additionally, the land is close to the Whitefield Hope Farm Metro station, which offers excellent connectivity to central and south Bengaluru. The company expects to launch the first phase of the project within the next twelve months.

Mahindra Lifespace Developers is the real estate and infrastructure development company and a pioneer of sustainable urbanization in India.


Peers
Company Name CMP
Lodha Developers 1070.10
Prestige EstatesProj 1425.00
Dilip Buildcon 398.00
DLF 621.00
Oberoi Realty 1668.30
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