The M5 Mahendra Group has announced a ₹350 crore investment in Mahendra Solterra, a residential development in Bengaluru’s Ananth Nagar, within Electronic City Phase II. The project spans 8.4 acres and will deliver 522 three-bedroom apartments across six towers, providing a total of 1.1 million square feet of residential space.
Unit prices will vary between ₹1.35 crore and ₹2 crore, depending on the size, with floor plans ranging from 1,354 to 2,029 square feet. This initiative forms part of the broader Mahendra Aarya masterplan, which covers 17 acres and includes earlier developments such as Mahendra Aarna, a completed 9.2-acre complex housing 744 homes.
The Karnataka Real Estate Regulatory Authority (RERA) has registered Mahendra Solterra Aarya Phase-2, setting an expected completion date of December 2030. The filing, approved in November 2025, follows the successful launch of Mahendra Aarya Phase 1, which included 662 apartments across 8 lakh square feet and sold out completely.
The developer’s gross development value (GDV) for Solterra is projected at ₹925 crore, exceeding the ₹350 crore investment. This figure represents the expected sales value before accounting for costs, not the final profit. The project supports the group’s target of developing 10 million square feet of residential space by the end of the current financial year.
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Previous projects, including Mahendra Aarya Phase 1, experienced price increases after launch, though industry reports indicate such trends do not ensure future returns. The new development strengthens the group’s presence in Electronic City, an area where demand for three-bedroom units remains high. This focus aligns with changing buyer preferences in Bengaluru’s mid-to-high-end real estate market.
Solterra’s launch comes after the completion of Mahendra Aarna, another project in the same locality, demonstrating the group’s strategy of phased development in rapidly growing areas. The RERA registration confirms compliance with regulatory standards, with no significant delays expected in the project timeline.
The group’s expansion in Electronic City reflects a broader shift in buyer demand toward larger residential units in Bengaluru’s premium segments. The project’s alignment with regulatory requirements and its integration into an established masterplan position it as a key addition to the city’s real estate portfolio.
