Bengaluru, June 30, 2025 — In a major land acquisition move, Mahindra Lifespace Developers Ltd, the real estate and infrastructure arm of the Mahindra Group, has purchased a 9-acre land parcel in North Bengaluru for ₹199 crore. The deal was executed through the acquisition of Shreyas Stones Pvt Ltd (SSPL), which owns 8.79 acres of strategically located land in Navaratna Agrahara Village, a high-potential growth corridor near the airport.
Check out, Project details of Mahindra Lifespaces North Bangalore
New Residential Project Expected to Generate ₹1,100 Crore in Revenue
The company plans to develop a premium residential project on the acquired site with a Gross Development Value (GDV) of ₹1,100 crore. The new project is set to cater to the increasing demand for quality housing in Bengaluru, particularly in the northern belt known for its infrastructure connectivity, employment hubs, and rapid urbanization.
Strategic Land Consolidation to Boost Project Scale
According to Mahindra Lifespace MD & CEO Amit Kumar Sinha, the newly acquired land is adjacent to another Mahindra-owned parcel. The developer is exploring opportunities to integrate both parcels into a unified residential development, which could potentially raise the total GDV to around ₹2,100 crore, significantly enhancing scale and profitability.
Expansion Aligned with Strong Market Demand
This acquisition highlights Mahindra Lifespace’s long-term strategy of expanding its footprint in key urban markets like Bengaluru. The company currently has 47.56 million sq ft of residential projects across India and manages over 5,000 acres of industrial and integrated townships in four locations. The Bengaluru deal aligns with its goal to strengthen its presence in top-tier cities while leveraging demand for branded housing.
North Bengaluru: A Real Estate Investment Hotspot
North Bengaluru is emerging as one of the city’s most promising residential and commercial zones, thanks to its proximity to Kempegowda International Airport, tech parks, and metro infrastructure. With premium housing supply falling short of growing demand, Mahindra Lifespace’s new development is expected to attract both end-users and investors seeking long-term capital appreciation.
Also read, Mahindra Lifespaces Launches Redeveloped Housing Project “Codename 64” in Malad, Mumbai
