Mahindra Lifespace Developers Ltd operates as the real estate and infrastructure arm of the Mahindra Group, a business founded in 1994 that builds green-certified residential communities and integrated industrial cities in Bengaluru, Mumbai, Pune, Chennai, Hyderabad and the NCR. In North Bangalore its activity centres on the Kempegowda airport belt, where the company has assembled land over the last two years rather than relying on a single launch.
In January 2025 the company disclosed that its subsidiary Anthurium Developers had acquired 8.2 acres in Navaratna Agrahara village, positioned off the Bangalore to Hyderabad highway (NH-44). Mahindra's Bengaluru chief executive described the city as a very important market for the group and expressed confidence in demand for well-designed homes in the north of the city. The parcel was projected to yield around 0.9 million sq ft of saleable space, with a gross development value near ₹1,000 crore, and was counted as the company's seventh project in Bengaluru.
In June 2025 the group moved again, signing a share purchase agreement for Shreyas Stones Private Limited, which held an adjoining 8.79 acres in the same village for ₹199 crore. Taken together, the two holdings are reported as a single premium residential development with a combined gross development value of roughly ₹2,100 crore, which makes Navaratna Agrahara one of the larger residential land positions the company has built up in the city.
The same site appears in the market under several names, including Mahindra Navaratna and Mahindra Navrat. The brand's own microsite describes a 16-acre community of ten towers, each with two basements, a ground floor and 21 upper floors, and roughly 1,150 homes in 2, 3, 3.5 and 4 BHK configurations, with more than three-quarters of the ground kept open and landscaped. Pre-launch listings for the phase on the smaller parcel describe 2 and 3 BHK apartments, with carpet areas that begin at about 715 sq ft.
Recent buyer guides place apartment rates in Navaratna Agrahara between roughly ₹7,200 and ₹9,500 per sq ft, which puts the locality at the lower end of the airport belt. Listings for the Mahindra project indicate entry pricing from around ₹84 lakh for a 2 BHK, with 3 BHK homes priced materially higher.
The airport is the principal demand anchor. Buyer guides identify airport operations staff and engineers working in the SEZ as the core tenant base, which supports rental demand for family-size homes. Yelahanka, the nearest established town, supplies retail, schools and everyday services, and the wider corridor is adding social infrastructure as residential density rises.
For a buyer, the appeal of a Mahindra project here rests on three points: the developer's scale and its record of green-certified communities, the proximity to the airport and employment nodes, and a larger site that allows open ground and a broader amenity set than a small infill plot. The 2 and 3 BHK mix in the initial phases suits end-users and investors who want a family-size configuration at a price point below central Bengaluru.