Mahindra Lifespaces emphasizes on the Bangalore realty market


MLDL (Mahindra Lifespace Developers Limited), the infrastructure and real estate development division at the Mahindra Group, has confirmed the launch of the second phase of its Windchimes project, the first premium residential venture in Bangalore. The launch is a major milestone for the project since construction of the first phase is already ahead of the pre-determined schedule and possession is slated to take place from June, 2018 onwards. The second phase will have 3 and 4 BHK apartments that are sized between 1307-2119 sq. ft. in terms of carpet area and are priced from Rs.1.38 crore onwards.

The project is located along the Bannerghatta Main Road which is one of Bangalore’s most well connected destinations. The project offers easy access to several prime residential and commercial belts including schools, malls, retail stores, hospitals and offices. Windchimes has already witnessed 80% of the homes in Phase 1 being sold till now. This is also one of the very few green projects in Bangalore with its Platinum pre-certification from IGBC. There are several features including 80% open spaces for a healthier and more balance life.

According to the Business Head, Residential (South), Mahindra Lifespaces, Deepak Porayath, Bangalore is a realty market which is majorly driven by end-users and is a high-priority market for the company. Bangalore’s real estate market has been doing well and there are rental income opportunities due to the healthy employment rates and the progress in the city while there is increasing demand for second homes amongst buyers according to him. The Windchimes Phase 2 will offer premium homes to discerning buyers. The project is located next to the proposed Phase 2 line of the metro between the Hulimavu and IIM Bangalore stations. The project comes with more than 50% of rainwater harvesting systems, low-flow water fixtures, solar water heating systems, water meters for each apartment (pay as per use), electrical charging points for parking zones, sewage treatment plant, unit-level waste segregation and organic waste treatments.

The project is also disabled-friendly with its restrooms and parking facilities. The project has already received the Construction Industry Development Council’s Vishwakarma Award for Health, Safety and Environment.