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Mahindra Lifespaces expands footprint in North Bengaluru with Strategic Acquisition worth INR 1100 Crore GDV
Published: 03 Jul 2025 2 min Read
Read By 722
Author: Mahindra Lifespaces
Category: Featured, Recent
Bengaluru, 30 June 2025: Mahindra Lifespace Developers Ltd. (“Company”) announced the signing of a Share Purchase Agreement (SPA) with Shreyas Stones Private Limited (“SSPL”), whereby the shareholders of SSPL have agreed to sell their entire stake (i.e. 100% of the equity shares).
This acquisition unlocks a premium development opportunity with an estimated Gross Development Value (GDV) of INR 1,100 crore.
Amit Kumar Sinha, Managing Director & CEO, Mahindra Lifespace Developers Ltd., said, “This acquisition marks a key milestone in strengthening our presence in North Bengaluru, one of the city’s most promising real estate corridors. With this parcel adjoining our existing land, we now have the opportunity to create a unified, high-quality premium development with a combined GDV potential of approximately ₹2,100 crore. It reflects our continued focus on scale, synergies, and value creation in our core markets.”
Located off the Bengaluru-Hyderabad Highway and in close proximity to the Kempegowda International Airport, the site offers strong connectivity and strategic access to North Bengaluru’s rapidly evolving ecosystem. The micro-market is home to IT parks, commercial hubs, leading educational institutions, healthcare facilities, retail destinations, and is set to benefit from upcoming metro connectivity, making it an attractive value proposition for homebuyers. SSPL owns ~8.79 acres of land at Navaratna Agrahara Village within this high potential micro-market.
About Mahindra World City Chennai
Mahindra World City, Chennai is India’s first integrated business city developed under the PPP between Mahindra Group and Tamil Nadu Industrial Development Corporation (TIDCO). Mahindra World City, Chennai is spread across 1550 acres and is located on NH32 within the influence zone of Chennai-Bengaluru Industrial Corridor (CBIC) & Chennai-Vizag Industrial Corridor (CVIC). The integrated city is a global benchmark in sustainable development and has a Multi-Sector Special Economic Zone spread across 450 acres, a Domestic Tariff Area (DTA) spread across 400 acres and co-located social & residential infrastructure planned in ~280 acres. Mahindra World City, Chennai is India’s first Zero Waste to Landfill integrated city and is an IGBC Platinum rated green township.
About Mahindra
Founded in 1945, the Mahindra Group is one of the largest and most admired multinational federation of companies with 324,000 employees in over 100 countries. It enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India and is the world’s largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate. The Mahindra Group has a clear focus on leading ESG globally, enabling rural prosperity and enhancing urban living, with a goal to drive positive change in the lives of communities and stakeholders to enable them to Rise.
Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise/ For updates subscribe to https://www.mahindra.com/news-room
