Mahindra Lifespaces acquires 8.2 acres of land in Bengaluru with a GDV of ₹1,000 crore
The Hindu
The newly acquired land parcel is located off the Bengaluru-Hyderabad Highway. The project is expected to be launched in the next nine months.
Mahindra Lifespace Developers, through its subsidiary Anthurium Developers, has announced the acquisition of 8.2 acres of land in north Bengaluru, marking a strategic addition to its growing portfolio in the city.
The land has a developable potential of 0.9 million square feet of saleable area and a projected gross development value (GDV) of almost ₹1,000 crore. The project will primarily feature mid-premium residential apartments catering to the rising demand for quality housing in Bengaluru.
Amit Kumar Sinha, Managing Director & CEO, Mahindra Lifespace Developers, said, “Bengaluru is a strategic market for us. This will be our seventh project in the city. We believe north Bengaluru will be an important micro-market with strong demand for well-planned, high-quality homes.”
According to the firm, the newly acquired land parcel is located off the Bengaluru-Hyderabad highway. The project is expected to be launched in the next nine months.
“Can we get back the magic in comedy??” questioned Magicpin on X after the ‘India’s Got Latent’ controversy.
Iranian architecture student buys expensive iPhone in Tehran, revealing economic struggles and government tactics amid sanctions.
Sensex and Nifty slump due to foreign fund outflows and trade war fears, causing investor unease.
Tesla has sued at least six bloggers and two Chinese media outlets that wrote critically about the company.
Vodafone Idea Ltd reports narrowed net loss, revenue growth, increased ARPU, and strategic investments for future growth.
OpenAI CEO Sam Altman has soundly dismissed a $97.4 billion takeover bid backed by rival Elon Musk.
CBDT data shows significant growth in direct tax collections, with corporate and non-corporate taxes surpassing targets.
Chief Economic Advisor Nageswaran addresses the importance of deregulation and energy transition for India's economic growth.
Konkan LNG Ltd. to complete Enron-era Dabhol Breakwater project, enhancing India's LNG import capacity for energy mix improvement.
Mahindra Group to invest ₹40,000 crore in Karnataka, creating thousands of jobs and expanding various sectors.
Akhilesh Yadav criticizes Union Budget as benefiting only the rich, questions government's handling of Maha Kumbh stampede.
Finance Minister Nirmala Sitharaman discusses the effective capital expenditure, fiscal deficit target, inflation management, and rupee depreciation in Lok Sabha.
The platform is AI-powered to streamline trade documentation for MSME exporters, simplifying global trade.