Realty developer Mahindra Lifespace Developers Ltd, on Thursday, March 27, announced the purchase of an anticipated 2 Acres of land in Whitefield, Bengaluru. The company plans to develop a residential project on the land having a development potential of approximately 0.2 Mn SqFt.
The project will have an estimated development value of INR 225 Crore and will comprise mid-premium residential apartments. The site offers seamless connectivity to tech parks and commercial offices. It is also complemented by a robust social infrastructure like top-notch educational institutes, healthcare facilities, and retail options.
Also Read: Mahindra Lifespaces acquires 9.4 Acre land parcel in Bengaluru
Additionally, Mahindra Lifespaces acquired 9.4 Acres of land in Whitefield last week. The project yields approximately 1.2 Mn SqFt of floor space and has a gross development value of INR 1,700 Crore. The company has projected a revenue guidance of INR 2,500 Crore for residential business for FY 2025. It aims at targeting key markets such as Mumbai, Pune, and Bengaluru.
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