In a bid to expand its pan-India presence, Mahindra Lifespace Developers, the real estate and infrastructure developer is planning projects across 10 major cities. While, the company plans to initially cover major cities, seven of which it already has taken up projects with an investment outlay of Rs 2000 crore, developing 10 million square feet of built up space.
The company, which is charting an entry into the affordable housing segment, that is developing houses in the Rs 5 lakh to Rs 15 lakh category in the tier 2 cities of the country, plans to launch this project sometime in the latter part of next year.
Mahindra Lifespace Developers (MLDL) is the real estate and infrastructure development subsidiary of Mahindra & Mahindra (M&M). At present, M&M holds 51% of the equity share capital of MLDL. MLDL has two main lines of businesses - standalone real estate development and development of integrated business cities.
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