Mahindra Lifespaces plans projects worth Rs 45,000 crore
The real estate development arm of Mahindra Group, Mahindra Lifespaces is looking to build a pipeline of projects with a development value of over Rs 45,000 crore as part of its strategy to achieve five-fold growth in pre-sales in the next 5 years.
As per The Economic Times, the developer is looking to focus on joint developments, housing society redevelopments, and the acquisition of land parcels on an outright basis to augment its gross development value (GDV) during this period in its focus markets of Mumbai, Pune, and Bengaluru. Mahindra Lifespaces will be deploying over Rs 7,500 crore through internal accruals and capital infusion from the parent Mahindra group as well as institutional investors.