Mahindra Lifespaces enter B’luru market
Mahindra Lifespace Developers, the real estate arm of Mahindra Group, announced its foray into Bengaluru with the launch of a premium residential project entailing investment of Rs 400-450 crore.
Total investment on the project will be about Rs 400 to Rs 450 crore. “We are looking for about Rs 700-750 crore revenue from the project, and time frame will be four years”, Mahindra Lifespaces Developers Managing Director Anita Arjundas told PTI recently.
Located on Bannerghatta main road here, the project, Windchimes, is spread over 5.85 acres and offers luxurious 3 and 4 BHK residences in three sizes and across two towers, the company officials said.
They said Windchimes is one of the projects in the portfolio of Mahindra Homes Pvt Ltd, a equal JV between Mahindra Lifespace Developers and SCM Real Estate (Singapore) Pvt Ltd, an investment arm of Standard Chartered Bank.
Mahindra Lifespaces Developers Ltd has its presence across nine Indian cities Mumbai, Pune Nagpur, Gurgaon, Faridabad, Jaipur, Chennai, Hyderabad and Bangalore. Its portfolio includes mid, premium and luxury housing segments.
Sky Gate in Gurgaon
Earth Group of Companies in collaboration with AMB Group has launched Earth SKY GATE at Sector-88 in Gurgaon. It is billed as the largest commercial project in New Gurgaon and the company is eyeing major investment for its latest project from the state of Haryana.
Speaking on the occasion, Atul Gupta, JMD of Earth Group of Companies said, “Consumers are looking forward to move from pure retail destination to a destination that offers wholesome entertainment, exotic food and best shopping experience. They are looking for some extraordinary entertainment and, today, we are happy to launch this excitingly themed destination which we are sure will become the most promising and sought after commercial destination in near future.”
Thematically conceived by world renowned entertainment & theme consultant, M/s Sanderson Group International, the project offers a variety in shopping experience at different levels by fusing “a unique approach to shopping” and “entertainment in an extraordinary architectural shell”. Sikka Associates & Architects is the architect for this ambitious project.
