Mahindra Lifespace to set up residential projects in AP, Rajasthan and MP

Date : Jul 7, 2015

Mahindra Lifespace is looking to set up residential projects in states like Andhra Pradesh (AP), Rajasthan, Madhya Pradesh (MP) under the affordable housing space. Recently, the Mumbai-based company announced two projects in Mumbai and Chennai under 'Happinest' offering one and two BHK (Bedroom, Hall, Kitchen) categories.

Currently, the company is concentrating on Maharashtra. Also, it is looking at revised affordable housing policies in some of the states. One of the key factors is how the approval process is going to shape up.

Mahindra Lifespace 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 Mahindra Lifespace. It has two main lines of businesses - standalone real estate development and development of integrated business cities.

Source And Courtsey By :- http://money.livemint.com/news/company/news/mahindra-lifespace-to-set-up-residential-projects-in-ap-rajasthan-and-mp-383159.aspx