Business Update28 Mar 2024, 05:04 am
Mahindra Lifespaces Acquires 2.0-acre Land Parcel in Whitefield, East Bengaluru for INR 225 crore
AI Summary
Mahindra Lifespaces, a part of the Mahindra Group, recently announced the purchase of a 2.0-acre land parcel in Whitefield, East Bengaluru. The land, estimated to have a developable potential of approximately 0.2 million square feet of saleable area, will primarily consist of mid-premium residential apartments and is located in a vibrant area offering seamless connectivity and robust social infrastructure.
Key Highlights
- Mahindra Lifespaces acquires 2.0-acre land parcel in Whitefield, East Bengaluru for INR 225 crore
- The land has a developable potential of approximately 0.2 million square feet of saleable area
- Primarily comprising mid-premium residential apartments
- Located in a vibrant area with seamless connectivity and robust social infrastructure
- Reinforces Mahindra Lifespaces' vision to create sustainable urban communities