Mahindra Lifespace launches Phase 2 of its premium residential project in Bengaluru
PTI|
Updated: Sep 26, 2017, 05.49 PM IST
BENGALURU: Mahindra Lifespace Developers, the real estate and infrastructure development arm of the Mahindra Group, today announced the launch of Phase 2 of 'Windchimes', its first premium residential project in the city.
The launch marks an important milestone for the project, with Phase 1 construction ahead of schedule, and possession planned June 2018 onwards, company officials said.
Phase 2 of Windchimes comprises 3 and 4 BHK apartments, ranging in carpet area from 1307 sq ft to 2119 sq ft., and priced Rs 1.38 crore onwards, they said.
Stating that about Rs 450 crore investment has gone into the project, that includes land and phase 2, Mahindra Lifespaces Business Head, Residential (South) Deepak Porayath said Bengaluru is the focus market for the company which was looking at expanding its portfolio here.
"We look at projects as opportunity comes along, and evaluate what is best fit, so it is not just apartments, we will also explore opportunities in villas as well," he said in response to a question.
Asked whether the company is only looking at other verticals as well other than residential, he said "right now for Bengaluru it is residential space. Our focus is on the premium residential market in Bengaluru."
Approximately 80 per cent of the homes launched in Phase 1 of the project have been sold till date, company officials said.
The whole project, including phase 1 and 2, will have 403 appartments.
According to the officials, phase 2 will be ready for delivery by December 2019.
Claiming Windchimes to be 'green' residential projects, Mahindra Lifespace said the project was IGBC 'Platinum' pre-certified, with a key feature being more than 80 per cent open spaces for balanced and healthy living.
The launch marks an important milestone for the project, with Phase 1 construction ahead of schedule, and possession planned June 2018 onwards, company officials said.
Phase 2 of Windchimes comprises 3 and 4 BHK apartments, ranging in carpet area from 1307 sq ft to 2119 sq ft., and priced Rs 1.38 crore onwards, they said.
Stating that about Rs 450 crore investment has gone into the project, that includes land and phase 2, Mahindra Lifespaces Business Head, Residential (South) Deepak Porayath said Bengaluru is the focus market for the company which was looking at expanding its portfolio here.
"We look at projects as opportunity comes along, and evaluate what is best fit, so it is not just apartments, we will also explore opportunities in villas as well," he said in response to a question.
Asked whether the company is only looking at other verticals as well other than residential, he said "right now for Bengaluru it is residential space. Our focus is on the premium residential market in Bengaluru."
Approximately 80 per cent of the homes launched in Phase 1 of the project have been sold till date, company officials said.
The whole project, including phase 1 and 2, will have 403 appartments.
According to the officials, phase 2 will be ready for delivery by December 2019.
Claiming Windchimes to be 'green' residential projects, Mahindra Lifespace said the project was IGBC 'Platinum' pre-certified, with a key feature being more than 80 per cent open spaces for balanced and healthy living.
