Mahindra Lifespaces takes on 10-acre North Bengaluru site worth ₹1,250 crore

Mahindra Lifespace Developers will jointly develop a 10.05-acre site in North Bengaluru, with an estimated gross development value (GDV) of ₹1,250 crore. The company said so in a BSE filing on 27 October 2026. The filing does not name the co-developer or the landowner, and it does not disclose the consideration.

The company plans about 1 million sq ft of saleable area, aimed at the premium residential segment. On the company's own figures, that works out to roughly ₹12,500 of GDV for each sq ft of saleable area. This is an arithmetic guide, not a price. No price band has been published.

Where the site sits

The site is about 8 km from Kempegowda International Airport and lies near the Bengaluru-Hyderabad Highway. Bellary Road (NH 44), a six-lane route, runs from Hebbal to the airport and is the main north-side spine.

The Namma Metro Blue Line will link Central Silk Board with the airport. The Hebbal–airport stretch is targeted for September 2027, and the full corridor for March 2028. An earlier target of December 2024 for airport connectivity has passed without the line opening, so these dates should be read as targets. The upcoming Satellite Town Ring Road is planned to connect Devanahalli, Hoskote and Doddaballapur.

What the company already holds

The company says it will have three projects in the region after this addition, with combined saleable potential of about 3 million sq ft. Two of those land parcels were bought in 2025.

• 8.2 acres in North Bengaluru, acquired through subsidiary Anthurium Developers in January 2025, with about 0.9 million sq ft saleable and GDV of almost ₹1,000 crore.
• 8.79 acres in North Bengaluru, from Shreyas Stones Pvt Ltd, acquired on 30 June 2025 for ₹199 crore, with estimated GDV of ₹1,100 crore.

In January 2025, on the Anthurium-linked acquisition, managing director and CEO Amit Kumar Sinha said: "Given the proximity to the international airport and major tech parks, we believe North Bengaluru will be an important micro-market with strong demand for well-planned, high quality homes." Prestige Estates and Brigade Enterprises also have a strong presence in the area.

What buyers should know

No project name, RERA registration number, unit mix, unit size or price has been published for this parcel. The project's launch depends on regulatory approvals, including RERA registration and environmental clearances, and on market demand. Buyers should wait for the RERA registration and a published price sheet before committing to anything.

The company's next visible step is the launch, which it has said will come within nine months of 27 October 2026. That points to around July 2027 if the timeline holds. No dates have been announced for the signing of the joint development agreement, the RERA filing or possession.

The number to watch is the launch itself. If the company brings the planned 1 million sq ft to market by mid-2027, it will show whether the airport-side demand it describes is real.