Mahindra Lifespaces announces its foray into Bengaluru residential market

"Windchimes" a premium residential project to be launched shortly

Bengaluru, June 23, 2015: Mahindra Lifespace DevelopersLtd (MLDL), the real estate and infrastructure development business of the $16.9billion Mahindra Group,marked its foray into theBengaluru market,byannouncing the upcoming launchofitspremium residential project, Windchimes onBannerghatta MainRoad.

Windchimes is spread over 5.85 acres and offers luxurious 3 and 4 BHK residencesin three sizes and across 2 towers. Locatedadjacent to the proposed Metro phase 2 line and in close proximity to the IIM (B) and Hulimavu Stations, the developmentoffers convenient access to residential as well asprimecommercial corridors of the city.Shopping malls, schools, healthcare facilities and modern amenities are just a stone’s throw away.

Speaking on the occasion, Anita Arjundas,Managing Director, Mahindra LifespaceDevelopers Ltd., said,Transforming urban landscapes by creating sustainable communities has been the premiseof all our developments. We are happy to bring the same values to Bengaluru,todevelopprojectsthat nurture nature and create a world of healthy living".

Deepak Porayath, Vice President - Operations (Bengaluru), Mahindra Lifespaces, said, "Inspired by the beautiful Bengaluru climate,our first project Windchimes isthoughtfully designed towelcomea world where nature and modernity coexist in perfect harmony;of resort style livingwhereour discerning customerscan tune into the sounds of life andscript a new chapter every day.

Created around the theme of'Listen to Life Everyday',Windchimeshas beendesigned to allow its customers to beone with nature in consonance withBengaluru’syear roundpleasant climate.The spacious 100 sq. ft. plus deck balconies create intermediate spaces that blur the boundary between indoors and outdoors,allowing for activities such as dining, recreation and offeringevery home owner anopportunity to be one with nature. AtWindchimes,the indoor-outdoor living experiences of a traditional house have been transposed onto a vertical format with outdoor spaces.

Windchimeshas beendesigned to create a sense ofprivilege.An assortment of leisure activities await indulgence which includes a well-appointed Club house, Gym, Spa, Swimming pools, Sports activity areas besides Elders Corner andChildren’sPlay area.Thebeautiful landscape elementsofcourtyards, gardens, andponds,all coalesce tocreatethepremiumfeel ofa resort.Thelush landscape fills the site,with roads limited only to the periphery, leaving the central greens free for pedestrian movement.

Mahindra Lifespaces has been at the forefront ofsustainabledevelopment.It is India’s first Green Homes’ developer with one of the largest footprints of Indian Green Building Council (IGBC) pre-certified and certified green buildings. With a portfolio spanning the mid, premium and luxury housing segments, Mahindra Lifespaces is present across Mumbai, Pune, Nagpur, Gurgaon, Chennai, Hyderabad andnow inBengaluru.

Windchimesisone of the projects in the portfolio ofMahindra Homes Pvt Ltd. (MHPL)a JVbetween Mahindra Lifespace Developers Limited andSCM Real Estate (Singapore) Private Limited (SCM), an investment arm of Standard Chartered Bank. Both MLDL and SCM hold an equal stake in the JV.

Windchimes byMahindra Lifespacesis located at:

37/2-A,37/3,Opposite BPLSoftware,

ArekereVillage,

Bannerghatta MainRoad,

Bengaluru560076

About Mahindra Lifespace Developers Ltd.

Mahindra Lifespace Developers Ltd., the real estate and infrastructure development business of the $16.9 billion Mahindra Group, is a leader in sustainable urban development, through the creation of residential and integrated large format developments across nine Indian cities - Mumbai, Pune, Nagpur, Gurgaon, Faridabad, Jaipur, Chennai, Hyderabad and Bangalore. The Company’s residential & commercial development footprint includes over 0.8 million sq.m. (8.92 million sq ft) of completed projects and over 0.96 million sq. m. (10.38 million sq. ft.) of ongoing and forthcoming projects.

Mahindra Lifespaces has pioneered the concept of an integrated business city through Mahindra World City’ developments in Chennai and Jaipur. These developments cover 1796 hectares (4,437 acres) and house over 100 reputed global companies, providing an integrated environment for Life, Living and Livelihood. The Company’s Green’ homes, pan-India presence, and the development of successful integrated cities have all contributed to Mahindra Lifespaces being recognized as a developer with a pioneering spirit. Mahindra Lifespaces is the first real estate company in India to release its triple bottom-line focused Sustainability Report that is based on the Global Reporting Initiative (GRI) framework and received an A+ rating indicating the highest levels of disclosure and transparency.

In 2014, Mahindra Lifespaces has been recognized as a Regional Sector Leader for Asia by the Global Real Estate Sustainability Benchmark (GRESB).

www.mahindralifespaces.com; www.mahindraworldcity.com

About Mahindra

The Mahindra Group focuses on enabling people to rise through solutions that power mobility, drive rural prosperity, enhance urban lifestyles and increase business efficiency.

A USD 16.9 billion multinational group based in Mumbai, India, Mahindra provides employment opportunities to over 200,000 people in over 100 countries. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position intractors,utility vehicles,information technology, financial services and vacation ownership. In addition, Mahindra enjoys a strong presence in theagribusiness, aerospace, components, consulting services, defence, energy, industrial equipment, logistics,real estate, retail, steel, commercial vehicles andtwo wheeler industries.

In 2014, Mahindra featured on the Forbes Global 2000, a comprehensive listing of the world’s largest, most powerful public companies, as measured by revenue, profit, assets and market value. The Mahindra Group also received the Financial Times Boldness in Business’ Award in the Emerging Markets’ category in 2013.

Visit us at www.mahindra.com

For further enquiries please contact:

Deepa Thomas

General Manager, Group Communications

Mahindra Group

Tel: +91 22 24916855

Email: thomas.deepa@mahindra.com

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