Mahindra Lifespaces to develop 10.05-acre North Bengaluru land parcel with INR 1,250 crore GDV
Mahindra Lifespaces will jointly develop a 10.05-acre site in fast-growing North Bengaluru into premium apartments, a project it values at around INR 1,250 crore.
- 10.05 acre
- 1 million sq. ft.
- INR 1,250 crore
- ~3 million sq. ft.
What Happened
Mahindra Lifespace Developers Limited, the real estate and infrastructure arm of the Mahindra Group, announced the joint development of a 10.05-acre land parcel in North Bengaluru. The project is estimated to offer approximately 1 million sq. ft. of saleable area and is expected to have a Gross Development Value of around INR 1,250 crore. The development will primarily comprise premium residential apartments, and the company expects to launch it within the next nine months.
INR 1,250 crore
Estimated value of the 10.05-acre premium residential project planned in North Bengaluru.
The site sits roughly 8 kilometres from Kempegowda International Airport and off the Bengaluru-Hyderabad Highway, giving it access to technology parks, commercial hubs, schools, healthcare facilities and retail destinations, with upcoming metro connectivity nearby. The addition gives Mahindra Lifespaces three projects in North Bengaluru, including two land parcels acquired in 2025, with a combined development potential of approximately 3 million sq. ft. of saleable area. The company described North Bengaluru as a high-growth residential micro-market.
Mahindra Lifespaces acquires two land parcels in North Bengaluru.
The company announces joint development of a further 10.05-acre parcel in North Bengaluru.
Mahindra Lifespaces expects to launch the new residential project.
“North Bengaluru continues to be a key growth market for Mahindra Lifespaces, supported by strong infrastructure development and growing demand for quality residential developments. The strong response to all our projects gives us the confidence to continue expanding our footprint in the region. Through this strategically located project, we are committed to delivering high-quality homes that create long-term value for homebuyers while further strengthening our residential portfolio in Bengaluru.”
Previously from Mahindra & Mahindra
Earlier in October 2026, Mahindra Lifespace Developers reported H1 FY27 consolidated sales of INR 2,101 crore, up 48% year on year. Residential pre-sales climbed 66% to INR 1,988 crore over the same period.
Background drawn from MotorClaw's earlier coverage of Mahindra & Mahindra's official releases.
Why this matters
The project deepens the Mahindra Group's real estate arm in a North Bengaluru micro-market it calls high-growth, close to Kempegowda International Airport, tech parks and upcoming metro links. It adds roughly 1 million sq. ft. of saleable housing to a portfolio already carrying two 2025 land parcels in the region, expanding the supply of premium homes for buyers there.
Terms in This Story
- Gross Development Value (GDV)
- The estimated total sales value a real estate project is expected to generate once it is built and sold.
- Joint development
- A setup in which a landowner and a developer partner on a project instead of the developer buying the land outright.
- Saleable area
- The part of a development's floor space that can be sold to buyers, as opposed to common or non-sellable areas.
- Micro-market
- A small, distinct local property market defined by its location and its own demand drivers.
Summarised from the linked release; details can be imperfect — always verify against the original source.