Shares of Mahindra Lifespace Developers Ltd fell 1.25% after touching a day’s high of Rs 403 on 18th December, even as the company announced the launch of Mahindra Blossom, a premium residential project in Whitefield, Bengaluru. The development has a potential gross development value of around Rs 1,900 crore.

The company said Mahindra Blossom is expected to become one of the most sought-after residential addresses in Whitefield. The launch highlights Mahindra Lifespace Developers’ strategy to strengthen its presence in Bengaluru, which remains a key focus market, according to an exchange filing.

Mahindra Blossom is the company’s third Net Zero residential project in the city.

The project will offer 2-, 3-, 3.5-, and 4-BHK homes, with around 75% open-to-sky spaces. Homes will feature cross-ventilated layouts, Vaastu-compliant entrances, and large balconies. The design focuses on maximising natural light, airflow, and views, with select units offering walk-in wardrobes and 20-foot-long balconies.

Commenting on the launch, Vimalendra Singh, chief business officer – residential, said Bengaluru remains a key market for the company, driven by strong end-user demand. He added that Whitefield has seen steady home absorption, supported by better connectivity and a strong employment base.

At 10:30 AM, shares of Mahindra Lifespace Developers were trading 1.31% lower at Rs 394.10 on NSE.

Ready to invest like a pro? Unicorn Signals app equips you with 100+ Free tools and knowledge you need to succeed. Download the Unicorn Signals app and gain access to daily stock lists and insightful market analysis and much more!