Bengaluru: Mahindra Lifespace Developers Ltd. (“Mahindra Lifespaces”), the real estate and infrastructure development arm of the Mahindra Group, has signed a definitive Share Purchase Agreement with Shreyas Stones Pvt. Ltd. (SSPL) to acquire 100% of the company’s equity.
The strategic acquisition unlocks a high-potential development parcel spanning ~8.79 acres in Navaratna Agrahara Village, located in the fast-growing North Bengaluru corridor.
The land parcel, located near the Bengaluru-Hyderabad Highway and within close proximity to Kempegowda International Airport, enhances Mahindra Lifespaces’ existing land bank in the region.
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The newly acquired site sits adjacent to the company’s current holdings, collectively enabling a unified premium residential project with a total Gross Development Value (GDV) of approximately ₹2,100 crore.
Commenting on the development, Amit Kumar Sinha, MD & CEO, Mahindra Lifespaces, said, “This acquisition is a key milestone in our strategy to strengthen presence in North Bengaluru – one of the most promising real estate corridors in India. It demonstrates our continued commitment to value creation, scale, and synergy in core markets.”
The micro-market is characterized by robust connectivity and growing infrastructure – offering easy access to IT parks, educational institutions, healthcare, and retail hubs. With the upcoming metro expansion, it is poised to become a preferred destination for premium homebuyers and investors.
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Mahindra Lifespaces: Growth Strategy
This acquisition aligns with Mahindra Lifespaces’ growth strategy, underpinned by sustainability and innovation. The company’s development portfolio includes 47.56 million sq. ft. of residential projects and over 5,000 acres under industrial clusters and integrated townships.
As a pioneer in Net Zero homes, Mahindra Lifespaces is committed to building only Net Zero homes from 2030 and is targeting carbon neutrality by 2040.
