A New Premium Address Rising in North Bengaluru
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Mahindra Lifespaces North Bengaluru (Shreyas Stones) is an upcoming residential development by Mahindra Lifespace Developers Ltd. at Navaratna Agrahara Village, North Bengaluru. The project follows the signing of a Share Purchase Agreement with Shreyas Stones Private Limited, whereby Mahindra Lifespaces acquired the company's entire equity, unlocking a premium development opportunity with an estimated Gross Development Value of INR 1,100 crore. As Amit Kumar Sinha, Managing Director and CEO of Mahindra Lifespace Developers, noted, the acquisition marks a key milestone in strengthening the company's presence in North Bengaluru, one of the city's most promising real estate corridors.
Life here is shaped by the rhythms of a corridor built around connectivity and calm in equal measure. The micro-market is home to IT parks, commercial hubs, leading educational institutions, healthcare facilities and retail destinations, and is set to benefit from upcoming metro connectivity, making it an attractive value proposition for homebuyers. For residents, that means a home address that keeps pace with the city's northward growth without giving up a sense of open space.
Design at Mahindra Lifespaces is inseparable from its sustainability commitments. As a pioneer in Net Zero homes in India, the company is committed to building only Net Zero homes from 2030 onwards, has already launched India's first three Net Zero residential developments, and has maintained a 100% Green portfolio since 2014 while working towards carbon neutrality by 2040. That philosophy is expected to carry through into the design language planned for this North Bengaluru address.
With this parcel adjoining Mahindra's existing land holding, the company now has an opportunity to create a unified, high-quality premium development with a combined GDV potential of approximately Rs 2,100 crore , making this a moment when the corridor's long-term growth story and the developer's scale of assembly align. Buyers evaluating North Bengaluru today are effectively evaluating the city's next major residential frontier.
For those tracking Mahindra Lifespaces' expansion in Bengaluru, Navaratna Agrahara Village represents an early and considered look at what the developer plans to build next in the city's north.
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Navaratna Agrahara Village, North Bengaluru – 562157 · Bangalore
Navaratna Agrahara Village sits within North Bengaluru's fast-evolving airport corridor, a micro-market that has drawn sustained developer interest over the past two years. The site is located off the Bengaluru-Hyderabad Highway and in close proximity to Kempegowda International Airport, with the micro-market home to IT parks, commercial hubs, leading educational institutions, healthcare facilities and retail destinations, and set to benefit from upcoming metro connectivity. The surrounding villages retain a quieter, semi-rural character even as organised residential development moves in around them.
Mahindra Lifespace's holding at Navaratna Agrahara Village adjoins an existing land parcel the company already owns, giving it the opportunity to create a unified, high-quality premium development with a combined GDV potential of approximately Rs 2,100 crore. This scale of assembly is uncommon in the corridor and positions the address among North Bengaluru's more significant upcoming residential developments.
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A 280 km expressway encircling Bengaluru's satellite towns, easing long-distance traffic away from the urban core and improving logistics for corridors including Devanahalli and North Bengaluru.
Approved by the Karnataka Cabinet in October 2025 with a new landowner compensation framework, this inner bypass is designed to decongest the Outer Ring Road and improve access across northern growth corridors.
The Blue Line metro extension toward Kempegowda International Airport, including the planned Doddajala station, is set to bring rail connectivity to the North Bengaluru airport belt.
A multi-corridor suburban rail initiative in active implementation, expected to improve commute options between peripheral North Bengaluru localities and the city core.
Devanahalli and the surrounding North Bengaluru belt are developing around the Bangalore Aerospace Park, KIADB industrial areas and the BIAL IT investment region, steadily expanding employment and social infrastructure nearby.
Mahindra Lifespace Developers was established in 1994 as the real estate and infrastructure arm of the Mahindra Group, bringing three decades of development experience to this North Bengaluru address.
The company's development footprint spans 47.56 million sq ft of completed, ongoing and forthcoming residential projects across seven Indian cities, reflecting the operational depth behind this North Bengaluru development.
The 8.79-acre Navaratna Agrahara Village parcel adjoins another Mahindra Lifespaces holding, allowing a combined, unified premium development with a GDV potential of approximately Rs 2,100 crore.
Mahindra Lifespaces has maintained a 100% Green portfolio since 2014, pioneered Net Zero homes in India, and is committed to building only Net Zero homes from 2030 onwards, informing its design approach citywide.
The site sits off the Bengaluru-Hyderabad Highway, close to Kempegowda International Airport, and within a corridor set to gain from upcoming metro and ring-road connectivity, easing both daily commutes and travel.
Mahindra Lifespaces has received over 90 awards for its projects and ESG initiatives, underscoring a consistent record of quality and responsible development across its portfolio.
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