Mahindra Lifespace Developers Limited announced that it has purchased 4.25 acres of land in Singasandra, South Bengaluru. The land is estimated to have a developable potential of approximately 4,60,000 square feet of saleable area and a Gross Development Value of approximately INR 40 million primarily comprising premium residential apartments. The site is strategically located just off Hosur Road and offers access to well-developed social infrastructure with educational institutes, healthcare facilities, and retail avenues in proximity.

In addition, the land is in close proximity to India's larger IT and Electronics hub - Electronics City - and approximately 25 minutes away from Koramangala. Mahindra Lifespaces expects to launch the first phase of the project within the calendar year 2023.