M5 Mahendra Group to Invest ₹350 Crore in Bengaluru Housing Project

By The Realty Times | Real Estate News Services

BENGALURU: Real estate developer M5 Mahendra Group has announced an investment of approximately ₹350 crore to develop a new residential project, Mahendra Solterra, in Bengaluru's Electronic City Phase II. The project will comprise 522 apartments, with an estimated gross development value (GDV) of ₹925 crore.

The development will come up in Ananth Nagar, a residential locality in Electronic City Phase II, and will cater to homebuyers seeking spacious three-bedroom apartments in Bengaluru's southern growth corridor.

Spread across approximately 8.4 acres, Mahendra Solterra will feature six residential towers with a total of around 1.1 million square feet of residential space.

The project will offer three-bedroom apartments with sizes ranging from 1,354 sq ft to 2,029 sq ft. Prices are expected to start at ₹1.35 crore and go up to ₹2 crore, depending on the apartment's size and configuration.

The proposed development adds to the range of premium and mid-to-high-segment housing options available in the Electronic City micro-market.

Mahendra Solterra forms part of the larger Mahendra Aarya development, which is planned across approximately 17 acres and 31 guntas in Electronic City.

The project is also aligned with M5 Mahendra Group's broader expansion plans. The company has stated that the launch brings it closer to its target of developing 10 million square feet by the end of the current financial year.

Electronic City is an established employment and technology hub in Bengaluru, supporting demand for residential developments in the surrounding areas. Its concentration of workplaces makes the locality relevant to professionals and families looking for homes closer to employment centres.

The launch of Mahendra Solterra reflects continued developer investment in Bengaluru's residential market, particularly in locations that combine employment opportunities with expanding housing options.

For prospective buyers, factors such as workplace connectivity, access to social infrastructure, construction timelines and the overall cost of ownership will remain important when evaluating projects in the area.

With a planned investment of ₹350 crore and an estimated GDV of ₹925 crore, Mahendra Solterra represents a significant addition to M5 Mahendra Group's residential portfolio.

The GDV refers to the estimated total value of the development and should not be interpreted as the developer's expected profit, as project costs and other expenses must also be accounted for.

The project's progress, regulatory approvals and construction milestones will be key factors to watch as the development moves forward.

The launch of Mahendra Solterra underlines M5 Mahendra Group's expansion ambitions in Bengaluru, adding 522 planned homes to the city's growing residential landscape.