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Real Estate Arm of Mahindra Group, Mahindra Lifespaces Sold Homes Worth ₹350 Crore

23 April 20243 mins read by Angel One
Mahindra Lifespace witnessed a sale of 65% of inventory at its recently launched 1st Net Zero Waste + Energy residential project, Mahindra Zen, in Bengaluru.
Real Estate Arm of Mahindra Group, Mahindra Lifespaces Sold Homes Worth ₹350 Crore
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The real estate and infrastructure development arm of the Mahindra Group, Mahindra Lifespace Developers Ltd, announced the successful launch of the 1st Net Zero Waste + Energy residential project, Mahindra Zen, in Bengaluru. The company further added that the project witnessed an exceptional response from homebuyers, with over 150 homes booked within just 2 days, which is ~65% of the launched inventory.

This incredible accomplishment, worth over ₹350 crore, highlights Bengaluru’s increasing need for sustainable living options. Mahindra Lifespaces’ ground-breaking product has struck a chord with buyers in light of the growing environmental concerns, solidifying the company’s standing as a pioneer in sustainable real estate development.

With features like the urban forest, solar-powered working pods, and symphony corner that are inspired by the five elements of nature—Earth, Fire, Wind, Water, and Air—Mahindra Zen offers “nature-crafted living.” Mahindra Zen also contributes to resource conservation with its climate-responsive design, which includes features like low-flow sanitary fixtures and solar-powered amenities. Mahindra Zen is a holistic approach to community well-being, with facilities that also support sustainable living.

Mahindra Zen’s location ensures a convenient daily commute by providing easy access to major business parks and IT hotspots like Electronic City. Reputable schools, retail establishments, grocery stores, entertainment venues, and family-friendly restaurants can all be found in the neighbourhood. Bengaluru’s thriving nightlife is another feature that appeals to residents and enhances the city’s overall lifestyle.

“The successful sales of Mahindra Zen reinforces our commitment to environmentally responsible development and highlights the growing preference for sustainable living among our customers in Bengaluru. As pioneers of Net Zero homes in the country, we aim to contribute to reducing the environmental impact of real estate and are delighted with the response that our project has received. This achievement highlights the increasing awareness and desire among homebuyers to contribute to a greener future,” said Vimalendra Singh, Chief Business Officer (Residential) at Mahindra Lifespace Developers Limited.

About Mahindra Lifespace Developers Ltd.

Incorporated in 1994, Mahindra Lifespace Developers Ltd is engaged in the development of real estate, residential facilities, and commercial complexes through its subsidiary companies.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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