Mahindra Lifespace Developers Limited, the real estate and infrastructure development arm of the Mahindra Group, has recently announced the acquisition of 9.4 acres of land in Whitefield, Bengaluru. This development is part of the company’s strategic plan to expand its presence in important urban centers across the country.
Focusing on Bengaluru
Amit Kumar Sinha, Managing Director & CEO of Mahindra Lifespace Developers Ltd., expressed his excitement about the project, noting that Bengaluru remains a significant market for them. He emphasized the company’s commitment to deliver top-notch projects that cater to the dynamic demands of homebuyers in the city. The acquired land has the potential for 1.2 million square feet of FSI and a Gross Development Value of INR 1700 crore. The development will primarily consist of mid-premium residential apartments, catering to the needs of Bengaluru’s discerning buyers.
Prime Location with Great Connectivity
The site is located in the vibrant hub of Whitefield in Bengaluru, offering access to various tech parks, commercial spaces, and a well-developed social infrastructure. Notably, it is also in proximity to educational institutes, healthcare facilities, and retail establishments. This ensures residents will have convenient access to various amenities and services. What’s more, the land is also conveniently close to the Whitefield Hope Farm Metro station, providing excellent connectivity to central and south Bengaluru. This strategic location adds significant value to the project, offering residents easy connections to different parts of the city.
Investment in Prime Commercial Real Estate Projects in Pune
In other real estate news, Certus Capital has recently invested Rs. 130 crores in two prime commercial real estate projects in Pune. This substantial capital injection is being made through their secured debt platform Earnnest.me. The investment by Certus Capital showcases the confidence in the growth potential present in the Pune commercial real estate sector. It also aligns with the escalating demand for commercial spaces in the city. The structured financing option offered by Certus Capital allows for the effective utilization of their investment while providing opportunities for the funded projects to thrive.
