9 acres of land purchased by Mahindra Lifespace in Bengaluru
Real estate arm of Mahindra Group, Mahindra Lifespace, has purchased around 9 acres of land in Bengaluru for nearly Rs 200 crore. This land would be used to develop a housing project.
This land has been acquired as Mahindra Lifespaces acquired a company named Shreyas Stones Pvt Ltd (SSPL), which owns an 8.79-acre land parcel in Bengaluru. Mahindra Lifespace is estimating a Gross Development Value (GDV) of Rs 1,100 crore.
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