Mahindra Lifespace Developers, the real estate arm of Mahindra Group, today announced its foray into the city 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 reporters here.
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.
