Mahindra Lifespace Developers Limited — Updates, 23-01-2025: Press Release

Anthurium Developers Ltd., a wholly-owned subsidiary of Mahindra Lifespace Developers Ltd., has acquired an 8.2-acre land parcel in North Bengaluru, positioning itself strategically in a growing real estate market. This acquisition has a Gross Development Value (GDV) of nearly INR 1,000 crore, with potential for approximately 0.9 million square feet of saleable area primarily focused on mid-premium residential apartments. The site’s advantageous location near the Bangalore-Hyderabad Highway, close to the international airport and major tech parks, is expected to attract demand for high-quality housing. Mahindra plans to launch this new project within the next nine months, further enhancing its portfolio in a region characterized by strong projected growth and emerging social infrastructure. This move reinforces Mahindra Lifespace's commitment to sustainable real estate development, signaling a positive outlook for investors as the company expands its presence in Bengaluru.