Mahindra Lifespaces to focus on Bengaluru ~ Launches Phase 2 of ‘Windchimes’

Bengaluru, September 26, 2017: Mahindra Lifespace Developers Limited (‘MLDL’), 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 Bengaluru.  The launch marks an important milestone for the project, with Phase 1 construction ahead of schedule, and possession planned June 2018 onwards.  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 Cr. onwards.

Located on Bannerghatta Main Road, one of the high convenience destinations in Bengaluru, Windchimes offers suitable connectivity to residential and prime commercial corridors, including workplaces, schools, hospitals, malls and other retail outlets.  Windchimes has been developed keeping in mind the needs and aspirations of the evolving home buyer in Bengaluru, who prefers differentiated brands that offer value beyond point of sale.  Approximately 80% of the homes launched in Phase 1 of the project are sold till date.  Windchimes is also one of the first few ‘green’ residential projects in Bengaluru. The project is IGBC ‘Platinum’ pre-certified, with a key feature being more than 80% open spaces for balanced and healthy living.

Deepak Porayath, Business Head, Residential (South), Mahindra Lifespaces, said, “Bengaluru, as one of India’s leading end-user driven residential destinations, will continue to remain a priority market for us.  Bengaluru has performed well and offers steady rental income, owing to a healthy rate of employment generation, city growth and a rising market for second home buyers.  We are delighted to launch Phase 2 of Windchimes for the discerning home buyer who seeks a vibrant, resource-conscious, spacious and comfortable lifestyle.”

Windchimes is located adjacent to the proposed Metro Phase 2 line, between the IIM Bangalore and Hulimavu stations.  In line with Mahindra Lifespaces’ focus on sustainable urban development, the project has been designed to be environmentally conscious, and incorporates over 50% rainwater harvesting; solar water heating systems, low-flow water fixtures; water meters in every apartment (pay as per usage); STP (sewage treatment plant) facilities; electrical charging points in parking areas, organic waste treatment; and unit-level segregation of waste.  Windchimes is also differently-abled friendly, with preferred parking and dedicated restrooms.

Windchimes has been conferred the Vishwakarma Award for Health, Safety and Environment by the Construction Industry Development Council (CIDC) earlier this year, and is Mahindra Lifespaces’ flagship project in Bengaluru.