Mahindra Lifespace is poised to make a significant mark in Bengaluru’s thriving real estate market with its upcoming residential project,
Mahindra Navaratna Agrahara Village, located in the rapidly growing corridor of North Bangalore. Known for its commitment to sustainable urban development, innovative design, and customer-centric solutions, Mahindra Lifespaces has established itself as a trusted name in India’s real estate sector since its inception in 1994. This new project in Navaratna Agrahara Village underscores the company’s strategic focus on expanding its footprint in key urban centers like Bengaluru, where demand for high-quality, well-planned residential spaces continues to surge. With a legacy rooted in the Mahindra Group’s philosophy of “Rise,” Mahindra Lifespaces is set to deliver a premium residential development that aligns with its vision of creating sustainable, thriving communities that enhance the quality of life for residents while contributing to the urban landscape of the city.
The project is strategically located in North Bengaluru, a region that has emerged as one of the city’s most promising real estate micro-markets. This area, situated off the Bengaluru-Hyderabad Highway and near Kempegowda International Airport, benefits from excellent connectivity and access to a rapidly developing ecosystem of IT parks, commercial centers, educational institutions, healthcare facilities, and retail destinations. The project is expected to capitalize on the area’s growth potential, driven by its strategic location and the upcoming Doddajala metro station, which is just 1.8 kilometers away. This metro connectivity is set to enhance accessibility, making the location highly attractive for urban homebuyers, particularly professionals working in nearby tech parks and families seeking a balance of convenience and quality living. The acquisition of approximately 8.79 acres of land in Navaratna Agrahara Village, through the purchase of Shreyas Stones Pvt Ltd (SSPL) for ₹199 crore, marks a key milestone in Mahindra Lifespaces’ expansion strategy in Bengaluru. Combined with an adjacent 8.2-acre land parcel acquired earlier, the company now has the opportunity to develop a unified, high-quality premium residential project with a combined Gross Development Value (GDV) of approximately ₹2,100 crore.
Mahindra Navaratna Agrahara Village Bangalore is envisioned as a mid-premium residential development that caters to the rising demand for thoughtfully designed, sustainable homes in Bengaluru. The project is expected to feature a range of apartment configurations, likely including 2 BHK, 3 BHK, and possibly 4 BHK units, designed to meet the diverse needs of families, professionals, and investors. With a developable potential of approximately 0.9 million square feet of saleable area from the newly acquired land, the project is poised to offer spacious, modern living spaces that blend luxury, comfort, and sustainability. Mahindra Lifespaces’ commitment to Net Zero homes is a cornerstone of its development philosophy, and this project is expected to incorporate eco-friendly features such as energy-efficient designs, water conservation systems, and waste management solutions.
The strategic location of this residential project enhances its appeal as a residential destination. North Bengaluru is rapidly transforming into a hub for professionals and families due to its proximity to major IT corridors and industrial developments. The area is home to several prominent tech parks, such as Manyata Tech Park and Kirloskar Business Park, which attract a large workforce, creating a strong demand for quality housing. Additionally, the presence of reputed educational institutions like Delhi Public School and St. Francis School, as well as healthcare facilities such as Sri Sathya Sai Hospital and Narayana Multispeciality Hospital, ensures that residents have access to essential services. The locality is also well-served by retail centers and local markets, catering to everyday needs and leisure activities. The connectivity provided by major highways like NH 44 and Doddaballapur Road, along with public transport options such as BMTC bus services, further enhances the accessibility of Navaratna Agrahara Village, making it an ideal choice for those seeking a well-connected yet serene living environment.
Mahindra Lifespaces’ focus on sustainable urbanisation is evident in its approach to developing Navaratna Agrahara Village. The company has a strong track record of creating residential communities that prioritize green design and environmental responsibility. For instance, its projects under the ‘Mahindra Happinest’ brand emphasize value homes that combine affordability with quality, while its premium residential developments under the ‘Mahindra Lifespaces’ brand focus on luxury and innovation. The Navaratna Agrahara Village project is expected to incorporate features such as landscaped green spaces, energy-efficient lighting, and sustainable construction materials, reflecting Mahindra Lifespaces’ commitment to reducing its environmental footprint. The company’s dedication to sustainability is further underscored by its membership in the Sustainable Housing Leadership Consortium (SHLC) and its collaboration with the Mahindra Teri Centre of Excellence, which focuses on reducing the real estate industry’s environmental impact through innovative and sustainable practices.
The project’s design is likely to emphasize thoughtful planning and modern amenities that cater to the lifestyle needs of contemporary homebuyers. Residents can expect a host of facilities, including a well-equipped clubhouse, fitness centers, swimming pools, children’s play areas, and multipurpose courts. The inclusion of green open spaces and walking trails is also anticipated, given the company’s emphasis on creating communities that foster a connection with nature. The project’s proximity to the Bengaluru-Hyderabad Highway and the international airport makes it particularly appealing for frequent travelers and professionals working in global corporations, while its location in a rapidly developing micro-market ensures long-term appreciation potential for investors.
Mahindra Lifespaces’ acquisition strategy in Bengaluru reflects its broader goal of capitalizing on the city’s robust real estate market. The company has been aggressively acquiring land in recent years to meet the growing demand for residential properties, with a development footprint spanning 47.56 million square feet of completed, ongoing, and forthcoming residential projects across seven Indian cities. In Bengaluru alone,
Mahindra Bangalore will be the company’s seventh project, reinforcing its position as a leading developer in the city. The company’s focus on Bengaluru, Mumbai, and Pune aligns with its ambitious target of achieving ₹45,000 crore in revenue potential by FY28, with pre-sales expected to reach between ₹8,000 and ₹10,000 crore. The acquisition of the 8.79-acre land parcel in Navaratna Agrahara Village, combined with the earlier 8.2-acre acquisition, positions Mahindra Lifespaces to create a landmark residential development that caters to the evolving needs of Bengaluru’s urban population.
The Navaratna Agrahara Village project is expected to be launched within the next nine months, offering homebuyers an opportunity to invest in a premium residential development in one of Bengaluru’s most promising corridors. The project’s mid-premium positioning makes it accessible to a wide range of buyers, from young professionals seeking modern apartments to families looking for spacious homes with top-notch amenities. The development is likely to feature contemporary architectural designs, with a focus on maximizing natural light and ventilation to create healthy and comfortable living spaces. Mahindra Lifespaces’ reputation for delivering projects on time, coupled with its commitment to quality construction and transparent communication, ensures that buyers can trust the company to deliver a home that meets their expectations.
The region’s proximity to the international airport and major highways makes it a preferred location for professionals and businesses, while the upcoming metro station will improve connectivity to other parts of the city. The area’s social infrastructure, including schools, hospitals, and shopping centers, is well-developed, making it an ideal choice for families. Additionally, the presence of industrial clusters and IT hubs nearby ensures a steady influx of professionals, driving demand for quality housing. Mahindra Lifespaces’ decision to develop a unified premium residential project in this micro-market reflects its foresight in identifying high-potential locations that offer both lifestyle benefits and investment opportunities.
The broader vision of Mahindra Lifespaces extends beyond residential development to include integrated cities and industrial clusters under brands like ‘Mahindra World City’ and ‘Origins by Mahindra.’ With over 5,000 acres of ongoing and forthcoming projects under development across four locations, the company is a pioneer in creating sustainable urban ecosystems that support both residential and commercial growth. The Navaratna Agrahara Village project aligns with this vision by contributing to the development of North Bengaluru as a thriving urban hub. By focusing on sustainability and community-building, Mahindra Lifespaces is not only creating homes but also shaping the future of urban living in India.
