That band is set below against North Bangalore property rates measured four different ways, and against North Bangalore flats price data from two aggregators that disagree with each other by about a quarter.

There is no Mahindra Navrat Sadahalli price list in existence. Any cost sheet, floor-rise chart or headline entry-price figure circulating under that name has been assembled by a broker, and the several versions in circulation do not agree with each other. RERA registration not yet issued; no K-RERA record found as of 12 August 2026 — which matters here more than it does on most price pages, because under Section 3 of the Real Estate (Regulation and Development) Act 2016 a promoter may not advertise, market, book, sell or offer for sale any apartment in a project that is not registered. A price quoted for this project today is not a price a buyer can act on.

What this page does instead is show the working. The derivation below moves from a rate the developer itself implicitly disclosed, through the size bands the environmental filing supports, to an indicative price per configuration — and it names the trust level of every number on the way. That transparency is the point. It is what separates an inferred band from an invented one.

01 / Pricing

What is actually known about Mahindra Navrat Sadahalli pricing

QuestionAnswer
Has a price been announced?No. No rate card, no cost sheet, no brochure, no EOI amount
Is there a RERA-registered price?No. RERA registration not yet issued; no K-RERA record found as of 12 August 2026
Can a booking be taken today?No. Section 3 of RERA 2016 bars marketing, booking and sale before registration
What is the strongest rate evidence for this land?The developer's own BSE-filed disclosure of gross development value against saleable area, January 2025
What is our indicative band?Rs 12,000 to Rs 13,200 per sq ft super built-up, midpoint about Rs 12,600 — inferred, not sourced
ConfidenceMedium-high on the band; low on any single number inside it

One figure in the public record is routinely misread as a price and is not one. The Terms of Reference application filed with SEIAA Karnataka states an estimated project cost of Rs 722.92 crore. That is a construction and development outlay — what it costs the developer to build the scheme. It is not a sale value, not a gross development value and not a per-square-foot rate, and dividing it by anything produces a number with no meaning for a buyer. When budget pressure is the real filter, Houze of Jindal Zolaah helps keep the same-city shortlist focused on total payable cost, payment milestones, interiors, and the buffer a buyer should keep aside.

02 / Pricing

North Bangalore property rates: the rate evidence, and what each source measures

Most pages that quote a "Sadahalli rate" quote one number. The useful information is in the fact that there are four different kinds of number in this micro-market and they do not agree, because they are not measuring the same thing.

Asking price is what a seller hopes for, gathered from listing pages across a mixed basket of new, resale, small and large stock. A quoted ask at a RERA-registered project is a developer's published rate for specific, identifiable inventory, checkable against a registration number. A registered transaction price is what actually changed hands at the sub-registrar's office — the only one of the four that is a fact rather than an intention, and the one this research could not obtain. Guidance value is the government's minimum valuation for stamp duty purposes, and it is a floor rather than a market rate.

We could not verify a sub-registrar guidance value for Navarathna Agrahara village, and we publish none rather than guess one. It is worth a buyer's own check on the Karnataka Kaveri portal before signing anything, for two reasons: stamp duty is levied on the higher of the agreement consideration or the guidance value, so a guidance-value revision between agreement and registration is a real cost risk; and in corridors that have re-rated as fast as this one, the gap between guidance value and market price is itself a measure of how far ahead of the record the market has run.

With that distinction in place, here is the evidence.

SourceWhat it actually measuresRateTrust
Mahindra Lifespaces press release, January 2025 (BSE-filed)The developer's own underwritten average realisation on this exact land — Rs 1,000 crore of disclosed GDV divided by 0.90 million sq ft of disclosed saleable areaRs 11,111 per sq ft impliedPrimary. Derived arithmetic on two figures the developer disclosed itself. The highest-trust rate point that exists for this site
Bhartiya Garden Estate, Sadahalli Main RoadQuoted ask at a K-RERA-registered project; the closest structural comparableRs 11,300–11,700 quoted; cross-checks to Rs 10,370–11,280 on actual configuration pricesHigh. Registrations Ph1–3 verified on the official registry
Sattva City, Doddajala / ShettigereQuoted launch ask at a registered project, ~4 km northRs 13,800–14,200; 2 BHK 1,316 sq ft from Rs 1.82 Cr = Rs 13,830High. Registered 27 February 2026, verified
Godrej MSR City, ShettigereRunning-phase registered rate against a Phase 3 pre-launch ask in the same township~Rs 11,000 running; Rs 13,000–13,500 quoted for the Phase 3 pre-launchHigh on the running phases; the Phase 3 figure is an EOI ask with RERA awaited
UKN The Belvedere Airport District, Navarathna AgraharaResale ask for the only completed branded stock in this exact villageRs 10,423 per sq ft (3 BHK, 1,535 sq ft, Rs 1.60 Cr)High for what finished product trades at here today
Sattva Aeropolis, International Airport RoadA rate observed as a project crosses into readyRs 9,300 → Rs 10,900 in Q1 2026 (+17.2%)Registrations verified; rate movement per aggregator
DS Max Sky Shlokam, Navarathna AgraharaValue-segment launch ask, same villageRs 6,850 → Rs 7,850 in Q4 2025 (+14.6%)Registration verified. A boundary condition, not a peer
Lodha Fiorana at Beaumont Estate, SadahalliChannel-partner quoted rate on unlaunched ultra-luxury inventory~Rs 14,500; 3 BHK 1,550 sq ft ~Rs 3.10 Cr all-inRegistered 20 July 2026, but the rate is an aspiration, not a transaction. Included to bound the top
99acres locality page, SadahalliListing asks across all stock, including old, small and resaleRs 7,450–10,450, average ~Rs 9,400, shown as −23.7% year on yearAggregator, price signal only. The −23.7% is a mix-shift artefact of cheap new supply entering the listing pool, not a price fall
SquareYards locality page, SadahalliThe same locality measured on a new-launch-weighted basketAverage Rs 11,900 against a Bengaluru average of Rs 11,600Aggregator, price signal only
Knight Frank India, India Real Estate H1 2026City-wide weighted average across all price pointsBengaluru Rs 9,354 per sq ft, +9% year on year; North submarket high-end capital values +7%, mid-segment +6% in Q1 2026Institutional. A macro anchor, not a micro-market rate

The two largest aggregators disagree by about 26 per cent on the same locality — Rs 9,400 against Rs 11,900. That gap is the finding, not an error. Anyone searching North Bangalore property rates at the locality level will meet both numbers and has no way to reconcile them without knowing what each basket contains. The reconciliation is that this micro-market is sharply bifurcated, and a single average describes none of it.

TierBandExamples
Value-segment launches inside the villageRs 7,300–7,900 per sq ftDS Max Sky Shlokam
Ready and resale branded stock in the same villageRs 10,400–10,900 per sq ftUKN Belvedere resale, Sattva Aeropolis
Branded township launches on the NH-44 frontageRs 11,000–14,500 per sq ftGodrej MSR City, Bhartiya Garden Estate, Sattva City, Lodha Fiorana

The centre of gravity for a mid-premium branded launch on this stretch is Rs 11,500 to Rs 13,500 per sq ft, on quoted all-inclusive asks against super built-up area, before stamp duty and registration.

03 / Pricing

How the Mahindra Navrat Sadahalli price band is derived

Five steps, two of them independent of each other. The fact that the two independent chains close within about 10 per cent is why the band is defensible rather than assumed.

Step 1 — start from the developer's own underwriting. Mahindra's BSE-filed release of 23 January 2025 discloses, for the 8.2-acre Anthurium Developers parcel, "approximately 0.9 million square feet of saleable area" and a "GDV of almost INR 1,000 crore". Rs 1,000 crore divided by 0.90 million sq ft is Rs 11,111 per sq ft. That is not a market quote and not a marketing figure — it is the average realisation Mahindra itself underwrote across the whole sales cycle of this land, at January 2025 pricing. The same release describes the product as "mid-premium residential apartments", which is the single most useful positioning statement available, because it tells you which comparables apply.

Step 2 — scale it across the whole holding. 0.9 million sq ft on 8.2 acres is a saleable multiple of 2.52 times plot area, consistent with the 2.49 FAR the Terms of Reference application records as achieved. Applying that multiple gives roughly 1.89 million sq ft on the 17.21 gross acres and 1.77 million sq ft on the 16.30 developable acres. Netting about 0.12 million sq ft for the Ground plus 3 commercial block leaves 1.65 to 1.77 million sq ft of residential area across 1,166 homes — an average saleable apartment of 1,415 to 1,518 sq ft. Dividing the combined disclosed GDV of about Rs 2,100 to Rs 2,200 crore by those areas gives roughly Rs 11,100 to Rs 12,400 per sq ft at a mid-2025 acquisition date.

Step 3 — roll it forward. An acquisition-date GDV is deliberately conservative, and it is dated. A realistic launch is the second half of 2027 at the earliest, since the Terms of Reference application is delisted and has to be relisted and appraised before a RERA registration can follow. Two years at the North submarket's reported 6 to 7 per cent a year is a factor of about 1.13 to 1.15, which takes Rs 11,100–12,400 to Rs 12,500 to Rs 14,200 per sq ft.

Step 4 — triangulate against live comparables, which pulls the top down. "Mid-premium" places this project above Bhartiya Garden Estate at Rs 11,300–11,700, which is a higher-volume township pricing for absorption; at or just above Godrej MSR City's running phases near Rs 11,000; inside Godrej's Phase 3 pre-launch ask of Rs 13,000–13,500; below Sattva City at Rs 13,800–14,200; and well below Lodha Fiorana at around Rs 14,500, which is a different product class entirely. Those brackets cap the roll-forward's upper end. The band lands at Rs 12,000 to Rs 13,200 per sq ft, midpoint about Rs 12,600.

Step 5 — reverse-check it against the developer's own disclosed GDV. Price a plausible mix at these rates and see whether the revenue line reproduces what Mahindra told the exchange.

*Test mix — not a stated configuration. The per-configuration unit counts below were constructed to run this arithmetic. The filing records an area-band split and no BHK mix; nothing in this table is a breakdown of the project's inventory and it should not be lifted out of this section as one.*

ConfigurationUnitsSize (sq ft)Rate (Rs/sq ft)Revenue
2 BHK4081,18012,900Rs 621.06 Cr
3 BHK5831,60012,550Rs 1,170.66 Cr
3.5 BHK871,87512,350Rs 201.46 Cr
4 BHK882,30012,150Rs 245.92 Cr
Residential total1,1661,527 weighted averageRs 2,239.10 Cr
Commercial block~0.12 msf~12,000~Rs 144 Cr
Project total~Rs 2,383 Cr

Mahindra disclosed a combined GDV of about Rs 2,100 to Rs 2,200 crore across the two acquisitions. Our mix reproduces Rs 2,383 crore, 10.8 per cent above that midpoint — which is exactly what a two-year roll-forward from a conservative mid-2025 underwriting ought to produce. The weighted average unit lands at 1,527 sq ft, at the top of the 1,415–1,518 sq ft range that Step 2 derived by a completely different route. Two chains that never touch each other closing that tightly is the reason this band is publishable.

Whole-project economics, as a sanity check. Mahindra paid Rs 199 crore for 8.79 acres in June 2025, a land rate of Rs 22.6 crore per acre, which scales to roughly Rs 390 crore for 17.21 acres. Add the filing's Rs 722.92 crore construction outlay and total cost is about Rs 1,113 crore against a Rs 2,383 crore revenue line — a gross margin near 53 per cent before finance, marketing, approval and overhead costs. That is normal for a listed premium developer on a land parcel of this vintage. It is neither implausibly thin, which would suggest the price band is too low, nor inflated, which would suggest it is too high.

04 / Pricing

Mahindra Navrat Sadahalli price per sq ft, by configuration

Indicative only. No configuration below has been announced. The Terms of Reference application gives an area-band split — 1,078 homes of 50 to 150 sq m and 88 above 150 sq m — and no BHK mix, no unit size and no rate. Everything in this table is derived.

ConfigurationIndicative size (sq ft, super built-up)Indicative rate (Rs/sq ft)Indicative all-in costConfidence
2 BHK1,100 – 1,30012,600 – 13,200Rs 1.46 – 1.80 CrMedium
3 BHK1,500 – 1,75012,200 – 12,900Rs 1.92 – 2.37 CrMedium-High
3.5 BHK / large 3 BHK1,800 – 1,95012,000 – 12,700Rs 2.27 – 2.60 CrLow
4 BHK2,150 – 2,50011,800 – 12,500Rs 2.66 – 3.28 CrMedium

All-in figures are rate multiplied by size plus 5 per cent GST. Karnataka stamp duty and registration of about 6.6 per cent are additional. The smallest configuration carries the highest rate per sq ft and the largest carries the lowest rate and the highest ticket, which is the standard taper in this market.

Two rows deserve their caveats restated. The 3.5 BHK is the weakest — it is a portfolio-pattern read rather than a documented configuration, and if the project launches without one, those homes redistribute into the 3 BHK and 4 BHK bands without moving anything else on this page. The 4 BHK band is deliberately wide because the filing does not state whether its 150 sq m threshold is carpet or built-up area; read as carpet it implies a substantially larger saleable unit than read as built-up, and 2,150 to 2,500 sq ft straddles both. It should be narrowed the moment a floor plan or a RERA filing settles the question. The configuration reasoning in full is set out on the floor plans page.

05 / Pricing

The all-in cost of a Mahindra Navrat Sadahalli apartment

A per-square-foot rate is not what leaves the buyer's account. Worked below on an indicative 3 BHK of 1,600 sq ft at Rs 12,550 per sq ft — the midpoint of the band — because a single worked example is more useful than four approximations.

The statutory stack. These figures are computable, and they are the same for any developer.

Line itemBasisAmount
Base consideration1,600 sq ft × Rs 12,550Rs 2,00,80,000
GST5% on under-construction residential, without input tax creditRs 10,04,000
Stamp duty5% of consideration (Karnataka, above Rs 45 lakh)Rs 10,04,000
Cess10% of stamp dutyRs 1,00,400
Surcharge2% of stamp dutyRs 20,080
Registration fee1% of considerationRs 2,00,800
Legal and documentationIndicative, transaction of this sizeRs 30,000 – 60,000
Cost to registrationabout Rs 2.24 Cr

Stamp duty, cess, surcharge and registration together are the 6.6 per cent quoted throughout this site. Combined with GST, the cost of getting to a registered agreement is close to 12 per cent above the headline number — and none of it is negotiable.

The developer-set stack. None of these has been published for Mahindra Navrat Sadahalli, and none can be until the project is registered. The ranges below are what these line items run in this corridor. They are conventions, not figures for this project.

Line itemCorridor conventionOn a 1,600 sq ft home
Covered car parkingOften one bay bundled into the base price; where charged separately, Rs 3–6 lakh a bayThe filing provisions one bay per home up to 150 sq m and two above it — settle the entitlement in writing
Clubhouse membershipOne-time, Rs 1.5–4 lakhTwo clubhouses are proposed here, which usually raises rather than lowers this line
Maintenance corpus or sinking fund12 to 24 months of maintenance collected upfront, at Rs 4–5 per sq ft per monthRs 1 – 2 lakh
Utility deposits and khataRs 1 – 2.5 lakhNote that BWSSB does not serve this belt, so the water line here is not a Cauvery connection deposit
Floor riseRs 25–50 per sq ft per floor is the convention; frequently cappedRs 40,000 – 80,000 per floor of elevation, which uncapped across a 22-floor tower is Rs 8 – 16 lakh between the lowest and the highest home in the same tower
Interiors and fit-outRs 1,200–2,500 per sq ft, base-to-liveableRs 19 – 40 lakh

Add the two stacks and the same apartment costs roughly Rs 2.50 crore to Rs 2.95 crore to move into, against a Rs 2.01 crore headline. The base price is between about 68 and 80 per cent of the money that actually leaves the buyer's account. Any comparison between this project and another one made on rate per sq ft alone is comparing the smaller part of the transaction.

06 / Pricing

Payment plans — what exists, and what cannot exist yet

No payment plan has been published for Mahindra Navrat Sadahalli, no booking amount has been set, and none can lawfully be offered today. What follows is how these structures work in Karnataka, so that a buyer can read the eventual plan critically rather than be introduced to it at the signing table.

Two statutory guardrails govern all of them. Under Section 3 of RERA 2016, a project must be registered before it can be advertised, marketed, booked or sold. Under Section 13(1), a promoter may not accept more than 10 per cent of the cost of the apartment as an advance or application fee without first entering into a written agreement for sale, and that agreement must be registered. Both apply to this project the moment it launches, and neither can be waived by a broker's assurance.

StructureHow it worksWhat to watch
Construction-linked plan (CLP)Payments released against verified construction milestones — foundation, each slab, finishing, handoverThe standard and generally the fairest. Check that the milestone schedule matches the RERA-declared completion timeline, and that the final tranche held back to possession is meaningful rather than token
Down-payment planA large share, often 80 to 95 per cent, paid upfront against a discountThe discount is real; so is the exposure. It transfers the developer's construction-finance cost to the buyer and removes the leverage that milestone payments provide if the project slips
Possession-linked plan (PLP)A front-loaded tranche, then a large balance at possession, commonly quoted as 20:80 or 30:70Attractive on cash flow, usually priced higher, and the balance falls due exactly when a delayed project is least able to hand over
SubventionThe developer services loan interest until an agreed dateThe buyer is still the borrower of record on their own credit file. The RBI and the National Housing Bank have restricted these structures precisely because that liability is not obvious to the buyer

For a project at this stage the structure matters less than the sequence. Nothing should be paid to anyone before a Karnataka RERA registration number containing /PR/ has been issued and verified on the official registry, and the environmental proposal has been relisted and appraised. A registration string containing /AG/ is an agent registration and certifies nothing about a project.

07 / Pricing

Home loan and EMI guidance for Mahindra Navrat Sadahalli

Start with the constraint that overrides the arithmetic: no lender will grant project approval to an unregistered project. Banks and housing finance companies extend approved-project-financing status against a RERA registration and a clean approval chain. Mahindra Navrat Sadahalli has neither today, so the table below is a planning exercise for a purchase that cannot currently be financed. It is still worth doing, because the amount of own money required is the constraint most buyers discover late.

The loan-to-value ceiling. The Reserve Bank of India's prudential norms cap the LTV ratio on housing loans at 90 per cent up to Rs 30 lakh, 80 per cent between Rs 30 lakh and Rs 75 lakh, and 75 per cent above Rs 75 lakh. Every configuration on this page — including the smallest indicative 2 BHK at Rs 1.46 crore — sits above Rs 75 lakh, so 75 per cent is the ceiling on all four, and a 20 per cent down payment is not available here. The RBI's norms also exclude stamp duty, registration and other documentation charges from the property value used to compute LTV, so that 6.6 per cent is additional own money on top of the 25 per cent margin.

Illustrative only: 75 per cent LTV on the midpoint of each indicative all-in band, at 8.5 per cent a year. Rates vary by lender, profile and the day.

ConfigurationIndicative all-in (mid)25% margin75% loanEMI, 20 yearsEMI, 25 years
2 BHKRs 1.63 CrRs 40.75 LRs 1.22 Cr~Rs 1,06,100~Rs 98,400
3 BHKRs 2.15 CrRs 53.75 LRs 1.61 Cr~Rs 1,39,900~Rs 1,29,800
3.5 BHKRs 2.44 CrRs 61.00 LRs 1.83 Cr~Rs 1,58,800~Rs 1,47,300
4 BHKRs 2.97 CrRs 74.25 LRs 2.23 Cr~Rs 1,93,300~Rs 1,79,300

Now the number that matters more. Add stamp duty and registration, which the loan will not cover:

Configuration25% marginStamp duty and registrationOwn funds before interiors
2 BHKRs 40.75 LRs 10.25 L~Rs 51.0 L
3 BHKRs 53.75 LRs 13.51 L~Rs 67.3 L
3.5 BHKRs 61.00 LRs 15.34 L~Rs 76.3 L
4 BHKRs 74.25 LRs 18.67 L~Rs 92.9 L

On the indicative 3 BHK, that is roughly Rs 67 lakh of the buyer's own money before a single rupee of interiors. Had 80 per cent financing been available, the margin would have been Rs 43 lakh — the RBI ceiling costs this buyer about Rs 10.75 lakh more in cash, and that is the single most common error in EMI tables published for projects in this price bracket.

Two further planning points. Lenders commonly cap total EMI obligations at about half of net monthly income, which puts the 3 BHK at roughly Rs 2.8 lakh a month net and the 4 BHK near Rs 3.9 lakh. And on a construction-linked plan the buyer pays pre-EMI interest on the disbursed portion through the entire construction period without owning anything yet — on a project whose launch is, on our own assessment, unlikely before the second half of 2027, that is potentially several years of interest to model separately from the EMI itself.

08 / Pricing

Rental yield at Mahindra Navrat Sadahalli

This corridor has something most pre-launch markets do not: a real, local, like-for-like rent observation rather than a corridor average.

UKN The Belvedere Airport District, in this same village, is the only completed branded stock in Navarathna Agrahara, and it supplies live asks — a semi-furnished 3 BHK of 1,460 sq ft at Rs 39,500 a month, a 1,500 sq ft unit at Rs 35,000, and a 1,535 sq ft unit at Rs 42,000. That is a branded 3 BHK of roughly 1,450 to 1,550 sq ft letting at Rs 35,000 to Rs 42,000 a month, or about Rs 24 to Rs 27 per sq ft per month. Scaling the same per-square-foot rent onto a 1,150 to 1,250 sq ft 2 BHK gives Rs 28,000 to Rs 33,000 a month — materially above the generic Devanahalli figure, because this village sits inside the airport and office catchment rather than out at Devanahalli town.

Pairing rents against prices gives the gross yields below. This is our arithmetic on published pairs, not a quoted figure from anyone.

Paired pointCapitalRent per monthGross yield
UKN Belvedere 3 BHK, 1,535 sq ft — ready, same villageRs 1.60 CrRs 42,0003.15%
The same stock at the lower end of its rent rangeRs 1.60 CrRs 35,0002.63%
DS Max Sky Shlokam 2 BHK — value segment, same village~Rs 70 LRs 18,0003.09%
Bhartiya Garden Estate 2 BHK, 1,126–1,176 sq ft — branded launchRs 1.27 CrRs 26,000–30,0002.46–2.83%
Navrat Sadahalli indicative 2 BHK, ~1,200 sq ft~Rs 1.52 CrRs 30,000–33,0002.37–2.60%
Navrat Sadahalli indicative 3 BHK, 1,600 sq ft~Rs 2.01 CrRs 38,000–43,0002.27–2.57%

The working band for this micro-market is 2.4 to 3.2 per cent gross, before maintenance, vacancy and property tax. Ready and value-segment stock sits at the top of it; premium new-launch pricing sits at the bottom, and Mahindra Navrat Sadahalli's indicative pricing sits at the bottom or just below. That is the normal pattern rather than a defect — capital values in this belt have re-rated faster than rents, so a launch premium is paid on the price side and is not recovered on the rent side.

Net of costs it is thinner again. Bengaluru convention puts monthly maintenance on the tenant, but the landlord carries vacancy, brokerage on each re-let, property tax and repairs. Allowing one vacant month a year, roughly half a month of brokerage annualised and a repairs provision, the net yield on these numbers is around 1.7 to 2.1 per cent.

Two cautions. Aggregator-reported yields of 3.2 to 3.8 per cent, and of 4.5 to 5.5 per cent for "furnished near the airport", describe serviced formats let to airline crew and must not be applied to an unfurnished apartment here. And no possession date has been announced for this project — on our own assessment a launch is unlikely before the second half of 2027, and construction follows that. Underwriting a rent today is therefore underwriting a rental market several years out, in which several thousand competing units will have completed in the same window.

09 / Pricing

How the yield compares with the alternatives

OptionGross yieldIncome startsThe trade-off
Mahindra Navrat Sadahalli at our indicative launch pricing2.3 – 2.6%Only after registration, construction and handover — a date that cannot yet be statedLowest yield in the set. The case rests entirely on capital appreciation and on the tenant quality of a maturing office catchment
Ready branded resale in the same village (UKN Belvedere)2.6 – 3.2%ImmediatelyHigher yield, rent from day one, and no GST — a completed property with an occupancy certificate attracts none, against 5 per cent on an under-construction purchase. Older specification and no launch-phase re-rating
Value-segment stock in the same village (DS Max)~3.1%On completion, 2031The highest yield in the set on a different product class, with a thinner and more price-sensitive tenant base
Land in this pocketNilNeverTransacted at Rs 22.6 crore an acre in June 2025. No income at all, and the entry ticket is institutional
The home loan itself, at 8.5%The sharpest comparison on the page. A 2.3 to 2.6 per cent gross yield is roughly a quarter to a third of the cost of the borrowing that funds it

That last row is the honest summary of the income case. A leveraged purchase here is negative carry from the day the first tranche is disbursed, and stays negative carry for the whole hold. Against fixed income, whatever a term deposit is paying on the day, a sub-3 per cent gross yield before costs is not competitive on income alone. The entire return has to come from capital appreciation.

10 / Pricing

Capital appreciation potential

What the numbers have actually done. Devanahalli flat rates are reported up 11.8 per cent over one year, 57.0 per cent over three years, 72.7 per cent over five and 108.8 per cent over ten — aggregator-reported, so treat them as price signal rather than measurement. Knight Frank's H1 2026 report puts Bengaluru city-wide residential prices up 9 per cent year on year to Rs 9,354 per sq ft, with the North submarket's high-end capital values up 7 per cent and mid-segment up 6 per cent in Q1 2026. At project level, Sattva Aeropolis moved from Rs 9,300 to Rs 10,900 per sq ft in a single quarter as it crossed toward ready, and DS Max Sky Shlokam from Rs 6,850 to Rs 7,850 — though single-quarter project jumps usually reflect launch-phase repricing rather than the underlying market.

Our view: 7 to 10 per cent a year through the metro-commissioning window of 2027-28, moderating to 5 to 7 per cent a year thereafter as the 2029-31 completion wave lands. Compounded on the indicative 3 BHK base of Rs 2.01 crore, that is a five-year range of roughly plus 33 per cent to plus 48 per cent, with a central case near plus 40 per cent.

That is deliberately below the 45 to 55 per cent five-year projections circulating on listing blogs. Note where the disagreement actually is: our ceiling nearly meets their floor. The dispute is not about whether the optimistic case is achievable — it is about the optimistic case being marketed as the base case.

Then subtract the round trip, which the projections never do. Entry costs close to 12 per cent in GST, stamp duty and registration; exit costs brokerage. On the low case, buying at about Rs 2.24 crore all-in and selling at Rs 2.66 crore less brokerage leaves a gain near 17 per cent over five years, about 3.2 per cent a year. On the high case it is roughly 31 per cent, about 5.5 per cent a year. Long-term capital gains tax applies on a sale after two years and should be modelled on top of that. A headline appreciation rate is not a return.

Three things bear on which end of that range applies.

The catalyst is the metro. Doddajala station is 1.84 km by road, and because the line's depot sits beside it, the station's own commissioning is tied to the depot's rather than to the end of the fit-out programme — the location page sets out why that matters. BMRCL targets June 2027 for the Hebbal-to-airport section against 72 per cent overall progress in August 2026, and it has reset those dates before, so 2027-28 is the honest window.

The counterweight is supply, and it is the binding constraint. Within roughly 5 km, launched or RERA-registered in the last 18 months alone: Bhartiya Garden Estate Phases 1 to 3, Sattva City with 3,460 units, Lodha Fiorana across 70 to 80 acres, Godrej MSR City including a Phase 3 pre-launch, DS Max Sky Shlokam with 992 units, Sattva Aeropolis Phase 2 — plus this project's own 1,166. That is comfortably more than 10,000 units, with completion dates clustering hard in 2029-31, precisely this project's own window. Over the hold period, absorption is what constrains this corridor, not land.

The third factor is that some of the appreciation is charged at the door. Godrej MSR City shows a step-up of roughly Rs 2,000 to Rs 2,500 per sq ft between a running phase and a fresh pre-launch in the same 62-acre township, same developer, same address. That spread is the launch premium this belt commands — and a buyer paying it has already paid for part of the re-rating they are buying in anticipation of.

One myth worth retiring. Aggregator claims of Navarathna Agrahara land moving at "Rs 1.8 crore to Rs 4.5 crore per acre" refer to raw agricultural land and are an order of magnitude below the Rs 22.6 crore per acre Mahindra actually paid for converted, development-ready frontage in June 2025. Projections built by extrapolating a land-price curve onto apartment rates are extrapolating one asset onto a different one.

11 / Pricing

Investor profiles

The end-user relocating into the airport belt. The strongest fit. Office employment sits inside a 2 km radius rather than at the end of a 20 km commute, and the metro is 1.84 km away. This buyer is compensated in daily life rather than in yield, and needs to accept that daily retail is genuinely thin today — no supermarket within about 7.6 km, no mall, no cinema — and that occupation is years out.

The metro-window investor. Buying for the commissioning re-rating of 2027-28. The logic is sound and the catalyst is real and under construction. The two risks are that BMRCL has reset its dates before, and that the launch premium may already price in part of what is being bought.

The yield investor. The numbers argue against it, and this page would rather say so. Gross 2.3 to 2.6 per cent, net 1.7 to 2.1 per cent, no rent at all until the project is registered, built and handed over, and negative carry against the loan throughout. Ready branded resale in the same village out-yields this by 50 to 90 basis points, pays from day one and carries no GST.

The buyer optimising for counterparty risk. The strongest argument for this project is not its price — it is who is building it. Mahindra Lifespace Developers Limited is listed and SEBI-disclosed, closed FY26 net cash with net debt-to-equity of −0.27, reported consolidated total income of Rs 1,265.95 crore and net profit of Rs 298.17 crore, and posted record residential pre-sales of Rs 3,405 crore. Against a privately held developer at a comparable rate, that is a materially different risk of the project not being finished at all.

The buyer who should not be here. Anyone who needs a home within two years. Anyone who wants to book now, because no lawful booking can be taken before registration. Anyone whose budget is set by North Bangalore flats price searches in the Rs 50 to 60 lakh band, which this project's indicative pricing clears several times over. And anyone underwriting the 45 to 55 per cent five-year appreciation numbers that circulate for this corridor.

12 / Pricing

What would replace the numbers on this page

Every figure here is inference, and all of it is provisional against three documents that do not yet exist: the Karnataka RERA registration, which brings a statutory carpet-area statement and makes a lawful booking possible; the developer's cost sheet, which brings a real rate, a real configuration mix and a real payment plan; and the dimensioned floor plans, which settle whether the filing's 150 sq m threshold was carpet or built-up.

None of them can arrive before the environmental file moves. Mahindra Navrat Sadahalli is at the pre-approval stage. An application for Terms of Reference (Category B1, proposal no. SIA/KA/INFRA2/582765/2026) was filed with SEIAA Karnataka on 22 June 2026 and was auto-delisted from the PARIVESH portal on 1 August 2026 after the statutory 30-day window to answer the authority's Essential Details Sought lapsed. Delisting is a procedural step, not a rejection — the developer can relist the proposal and restart the appraisal. As of 12 August 2026 no refiled or successor proposal has been filed, and the project has no environmental clearance.

Both positions are checkable without taking anyone's word, including ours. The Karnataka RERA project registry at rera.karnataka.gov.in publishes registered projects and the applied-but-unregistered ones, searchable by project name, promoter or number; a genuine project registration begins with PRM/KA/RERA/ and contains /PR/. The PARIVESH portal tracks the environmental proposal by its number. Do that check before paying any amount, for any project, including this one. When a real rate appears, we will republish this band against it and say plainly where our derivation was wrong.

13 / Questions

Mahindra Navrat Sadahalli Pricing — frequently asked questions

No. RERA registration not yet issued; no K-RERA record found as of 12 August 2026. We checked the Karnataka RERA project registry in full, including the applied-but-unregistered rows the registry also publishes, and there is no entry for this project, for Mahindra Lifespace Developers Limited anywhere in Yelahanka taluk or Jala hobli, or for either land-holding subsidiary. Until a registration number is issued, no booking or allotment can lawfully be taken, and any agent quoting a RERA number for this project is quoting something that does not belong to it.
No. Mahindra Navrat Sadahalli is at the pre-approval stage. An application for Terms of Reference (Category B1, proposal no. SIA/KA/INFRA2/582765/2026) was filed with SEIAA Karnataka on 22 June 2026 and was auto-delisted from the PARIVESH portal on 1 August 2026 after the statutory 30-day window to answer the authority's Essential Details Sought lapsed. As of 12 August 2026 no refiled or successor proposal has been filed, and the project has no environmental clearance.
It is an automatic, machine-executed removal from the portal's active list — not a rejection and not a refusal on merits. Under MoEF and CC Office Memorandum IA3-22/25/2021-IA.II-Part(1) dated 25 October 2024, a proposal whose Essential Details Sought go unanswered for 30 days is auto-delisted, and the developer may relist it once the information is ready. This record shows submission on 22 June 2026 and a system-generated delisting at 3 a.m. on 1 August 2026, which fits that arithmetic exactly. The appraisal can restart; it has not restarted yet, and nothing has been approved.
Navarathna Agrahara Village, Jala Hobli, Yelahanka Taluk, Sadahalli, Bengaluru, Karnataka 562157, at 13.200106 north and 77.638050 east, fronting Navrathna Agrahara Main Road. It is 1.5 km by road from NH-44 at Sadahalli Gate and 9.1 km by road from the airport terminal forecourt. The correct PIN code is 562157, not 562110 — the latter is Devanahalli SO in Bangalore Rural district, a different taluk and district.
Mahindra Lifespace Developers Limited, the real estate arm of the Mahindra Group, listed as MAHLIFE on the NSE and 532313 on the BSE. It assembled the site through two wholly owned subsidiaries: Anthurium Developers Limited took about 8.2 acres in January 2025 with a disclosed GDV of nearly Rs 1,000 crore, and Shreyas Stones Private Limited was acquired outright for Rs 199 crore in June 2025 for about 8.79 acres, with a disclosed GDV of about Rs 1,100 crore. The June 2025 BSE filing names Survey Nos. 10/2, 11 and 12/2 — three of the twelve survey numbers in the environmental filing for this site.

Next step for Mahindra Navrat Sadahalli

Mahindra Lifespaces has published no price and no launch date for Navrat Sadahalli. Register and you will get the configuration sheet, the price list and the K-RERA number the day each is issued.