The document summarizes a real estate project called Mahindra Lifespace Windchimes in Bangalore. Some key details include: - It is a higher mid-segment apartment project comprising 400 units of 3-4 BHK apartments priced at INR 6,800 per square foot. - Amenities include a gym, pool, clubhouse, and 80% green space across 6 acres with 4 buildings. - The project is developed by Mahindra Lifespace and expected to appreciate 10% due to the location's social infrastructure and proximity to IT hubs.

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REAL ESTATE FACT SHEET
MAHINDRA LIFESPACE WINDCHIMES
Mahindra Lifespace Windchimes
Project Snapshot
Segment: Higher Mid Segment
-Type: Apartments
-Units: 3 and 4 BHK
-Total Units: 400
-Size of Units: 1800-3000 sqft
-Launch Price: INR. 6800
-Launch Date: Jan 2015
-Possession: September 2017
-Land Holding
-Approvals: BBMP approval is obtained

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- Layout Analysis: Spread in an area of 6 acres, the project will have a total of 400, 3 and
4 BHK apartments. The project involves a total of 4 buildings.
-Amenities: Gymnasium, Swimming Pool, Basket Ball, Cricket Pitch, Jogging Track, Club
House, Indoor Games, Power Back Up, Garden, Cafeteria
-Not so good about the project: A price of INR 7,200 per sqft will fall off the threshold of
many buyers.
- Payment Schedule: NA
- USP: Strong brand name of the builder, range of amenities including 80% of green space
and a nice location.
Price Comparison
With a price of INR 6,800 it is one of the high end apartment projects in Bangalore as
mentioned below.
Figure 1: Price comparison of some of the key projects in Bangalore in terms of INR/ sqft
Appreciation Analysis
Mentioned below are some of the major residential projects in and around Bannerghatta,
where the project is located.

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-Hiranandani Glen Gate: Launched in 2013, the project involves a total of 288 units spread
across an area of 10 acres. The project offers 2 and 3 BHK apartments at a price of INR 7000
per sqft.
- Hiranandani Queensgate: Launched in February 2014, the project involves a total of 400
units comprising of 1, 2 and 3 BHK apartments. The project will be ready for possession in
2018 and is associated with a price of INR 5,000 per sqft.
- Sound of Water: The luxury project by Puravankara is located on an area of 20 acres and
involves 132 units of 3 and 4 BHK units. Launched in August 2014, the project will be ready
for possession by mid of 2017. The price of the project is roughly INR 7000 per sqft.
Location Analysis
Located in South Bangalore, Bannerghatta road is touted as one of the prime real estate
locations in Bangalore with property prices appreciating at 20% in the recent past.
The location is conveniently placed with the IT corridor of the South Bangalore such as
Electronic City. The location has a robust social infrastructure in the form of education
institutions, medical centers and retail outlets. Some of the leading schools in the nearby
location involve Ryan International, Shree Chaithnya, Sherwood, National Public School and
Delhi Public School. Likewise nearby hospital encapsulates Apollo, Fortis, Jayadeva and
Sagar etc. The projected is also located in close proximity with numerous malls such as
Meenakshi, Gopalan and Big Bazaar etc. Not to mention that IIM Bangalore, one of the top
notch B-school in India is also located nearby.
- Distance from Major Landmark
Land Mark Distance (KM)
Bangalore City Junction Railway Station 21.8
J P Nagar Bus Stop 2.9
Airport 49
MG Road 19
-Nearby Infrastructure Development
South Bangalore has a well-developed infrastructure. As mentioned above, it is home to
some of the leading education institutions, retail outlets, malls and hospitals. The location is
conveniently placed with numerous new SEZs in Electronic City, Varthur and Begur area.
Likewise a large number of fortune 500 companies have offices located in the South
Bangalore area. Nemma Metro is also set to enter the area in its second phase connecting
Gottigere to Nagavara passing through the IIM Bangalore. The advent of metro is expected to
cut down the road traffic drastically.
- Comparison: If a region wise analysis is conducted East and North Bangalore are two of the
most sought after region in the city. East Bangalore is home to some of the leading IT and

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commercial parks of the city and hence is high up on the agenda of professionals working
over there. Likewise locations such as Hennur Road, Tumkur Road and Yellahanka in North
Bangalore are also touted as a high growth region. The advantage of North Bangalore lies in
its proximity to the airport, ease of access to the city through the Bellary Road and upcoming
commercial project such as the Manyata Tech Park.
Notwithstanding the fact that South Bangalore is a step behind its north and eastern
counterparts in contrast to growth prospect, the region has its own charm. While East and
North are still upcoming; South Bangalore already boasts a well-developed social
infrastructure and hence is preferred by individuals, who opt for trusted names of schools,
retail outlets and hospitals.
A well-developed social infrastructure, easy connectivity to IT parks such as Electronic City
coupled with upcoming metro project make Bannerghatta as one of the promising locations in
the Bangalore. The area already has a thick concentration of residential projects, which will
be further augmented with players such as Hiranandani and Mahindra coming into the picture.
Hence keeping everything in perspective, at Kin Housing, we estimate an expected 10%
appreciation for the project in the coming time.
Builder Analysis
- SWOT of Mahindra Lifespace
Strength
- Trusted brand name- One of the tier
one developers in India
- Total consolidated income of over 750
crores in the financial year 2013-14.
- Known for executing projects on time
- Have been active in pan India. Nearly
dozen projects completed. A range in
pipeline.
- Have completed over 7.3 million sqft of
projects and is involved in over 11.3
million sqft of ongoing and forthcoming
projects.
- Over 50 awards
Weakness
- Has been more focused on premium
range (INR 1 Crore and above).
- Relatively a new entrant compared to
existing players in the market.
- Likewise new in Bangalore
Opportunities
- 10 -15% rise in demand expected in
terms of residential units in 2015
- Political stability, rise in output, job
Threat
- Economy will take some more time to
fully recover. Rupee depreciation
continues (Though this can boost NRI

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creation and sound investment
fundamentals expected to further
stimulate demand
- Expected further reduction in Repo
rate will result into easy home loans
investment)
- Subdued market sentiments in the
recent past
- Large unsold inventory
- Delivery status of last 5 projects
Projects Status
Mahindra
Gardens,
Mumbai
Completed in March 2007
Mahindra Sylvan
County, Chennai
Completed in Jan 2008
Mahindra Great
Eastern Gardens
Completed in December 2008
Mahindra
Chloris,
Faridabad
Completed in May 2011
Mahindra
Royale, Pune
Completed Sep 2011
- Customer Feedback: With a strong focus on sustainable development, Mahindra
Lifespace has wrapped up near around dozen projects in all around India,
encompassing Chennai, Faridabad, Mumbai and Pune etc. Through Mahindra
Lifespace Windchimes, the entity is entering into the Bangalore market. Given the fact
that it’s there first project in the Bangalore location, it is expected that the developer will
not keep any stone unturned in offering a high quality development.
- Conclusion
5 Reasons to invest in the project
- Strong appreciation expected in the near future
- 80% green space and a range of amenities
- As it is one of the initial projects by Mahindra Lifespace in Bangalore, the developer will
strive to offer a high end result.
- In close proximity to the IT hubs such as electronic city
- Well established retail and social infrastructure