Mahindra Lifespaces pledges to go Net Zero, unveils housing project in Bengaluru

Mumbai

Mahindra Lifespace Developers Ltd. (Mahindra Lifespaces), the real estate and infrastructure development arm of the Mahindra Group, said it had pledged to build only ‘Net Zero’ buildings from 2030.

Towards this commitment, the company on Tuesday announced a real estate project in Bengaluru which would be the country’s first Net Zero Energy residential project, it said. 

The project named Mahindra Eden, located off Kanakpura in Bengaluru, is certified by the Indian Green Building Council (IGBC), Mahindra Lifespaces said.

The apartments in this 7.7-acre land parcel are priced between ₹75 lakh and ₹1.25 crore. The entire project, in two phases, is slated for completion in 5-6 years, a top company executive said.

“The unique design features of this residential development are together expected to reduce energy demand by 33%, thus saving over 18 lakh kWh electricity annually, equivalent to powering over 800 homes,” said Arvind Subramanian, MD and CEO, Mahindra Lifespace Developers.

“The remaining energy demand for the project will be met from renewable sources through both on-site solar and wind energy systems, and purchase of green energy from the grid,” he added.