Mahindra Lifespace Buys SSPL Land in North Bengaluru

Mahindra Lifespace Developers Ltd. has signed a Share Purchase Agreement (SPA) to acquire 100% equity in Shreyas Stones Private Limited (SSPL), unlocking a premium development opportunity with a Gross Development Value (GDV) of Rs. 1,100 crore.

This acquisition significantly strengthens the company’s presence in North Bengaluru, one of the city’s fastest-growing and most strategic real estate corridors. SSPL owns approximately 8.79 acres of prime land in Navaratna Agrahara Village, strategically located off the Bengaluru-Hyderabad Highway and close to the Kempegowda International Airport.

Key Highlights

• Mahindra Lifespace acquires 8.79 acres near Bengaluru Airport with Rs. 1,100 Cr GDV
• Combined land bank enables a premium project worth Rs. 2,100 Cr
• Strategic location near IT parks, metro connectivity, and NH44

The site benefits from exceptional connectivity and sits at the heart of a dynamic micro-market surrounded by IT parks, commercial hubs, top-tier educational institutions, hospitals, retail outlets, and planned metro lines—all of which enhance its residential and investment appeal.

Also Read: Mahindra Lifespaces Wins Rs. 1,250 Cr Mulund Redevelopment Deal

Amit Kumar Sinha, Managing Director & CEO, Mahindra Lifespace Developers Ltd., said, “This acquisition marks a key milestone in strengthening our presence in North Bengaluru, one of the city’s most promising real estate corridors. With this parcel adjoining our existing land, we now have the opportunity to create a unified, high-quality premium development with a combined GDV potential of approximately Rs. 2,100 crore. It reflects our continued focus on scale, synergies, and value creation in our core markets.”