Mahindra Lifespace Developers Limited (MLDL), a subsidiary of Anthurium Developers Ltd, has recently acquired 8.2 acres of land in North Bengaluru. The land has a potential development area of approximately 0.9 million square feet and is estimated to generate a Gross Development Value (GDV) of nearly ₹1,000 crore.
Shares of Mahindra Lifespace Developers Limited (MLDL) were trading at ₹394.70, down by ₹5.40 or 1.35 per cent on the NSE at 1.35 pm today. The strategic location of the site, off the Bangalore-Hyderabad highway, offers easy access to the international airport, IT hubs, and important social infrastructure. Situated just 1.8 kilometers from the upcoming Doddajala metro station, the area is expected to attract urban homebuyers. The project will focus on mid-premium residential apartments, marking the company’s seventh venture in Bengaluru.
Amit Kumar Sinha, Managing Director & CEO of Mahindra Lifespace Developers, emphasized the strategic importance of North Bengaluru due to its strong housing demand potential. The company plans to launch the project within the next nine months, maintaining its commitment to sustainable and well-designed residential spaces.
This acquisition aligns with Mahindra Lifespace’s vision to expand its real estate portfolio and strengthen its presence in one of India’s fastest-growing real estate markets.
