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Mahindra Lifespaces expands footprint in North Bengaluru with Strategic Acquisition worth INR 1100 Crore GDV
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.
Mahindra Lifespaces launches Mahindra NewHaven next to successful Mahindra Zen, Bengaluru
Bengaluru, April 17th, 2025: Mahindra Lifespace Developers Ltd., the real estate and infrastructure development arm of the Mahindra Group, has announced the launch of Mahindra NewHaven, an IGBC-certified Net Zero Energy & Waste project. The development features 70% open spaces, with bespoke 3, 3.5, and 4 BHK residences and is purposefully designed to elevate modern living with a strong focus on sustainability and innovation. This project is located adjacent to the already successful Mahindra Zen on Hosur road in South Bengaluru.
Vimalendra Singh, Chief Business Officer (Residential), Mahindra Lifespace Developers Limited, said, “Bengaluru continues to be a key market for Mahindra Lifespaces, with our projects consistently receiving strong responses. Following the success of Mahindra Eden and Mahindra Zen, both of which are almost sold out, we are excited to announce the launch of Mahindra NewHaven, our fourth premium development in South Bengaluru, designed to meet the city’s evolving lifestyle aspirations.”
The project’s architectural design emphasizes natural harmony, featuring spacious homes with excellent cross-ventilation, abundant natural sunlight, and wide, expansive decks. The residences are designed to provide a serene living experience.
Mahindra NewHaven also features premium lifestyle amenities, including a 10,400 sq. ft. clubhouse with an infinity pool. Located just 1 km from Singasandra metro station and near Electronic City, the project offers excellent connectivity to IT hubs, business parks, and a thriving social infrastructure. Residents will benefit from easy access to top educational institutions, shopping centers, supermarkets, entertainment venues, and dining options, making it a truly comprehensive lifestyle destination.
