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* Mahindra Happinest Boisar is a housing project by Mahindra Lifespaces, located in the Boisar suburb of Mumbai. The project is spread over 14 acres of land.<ref>{{Cite web|last=Menon|first=Bindu D.|title=Mahindra Lifespaces-HDFC Capital launch first joint affordable housing project|url=https://www.thehindubusinessline.com/news/real-estate/mahindra-lifespaces-hdfc-capital-launch-first-joint-affordable-housing-project/article22760277.ece|access-date=2020-11-09|website=@businessline|language=en}}</ref>
* Mahindra Happinest Boisar is a housing project by Mahindra Lifespaces, located in the Boisar suburb of Mumbai. The project is spread over 14 acres of land.<ref>{{Cite web|last=Menon|first=Bindu D.|title=Mahindra Lifespaces-HDFC Capital launch first joint affordable housing project|url=https://www.thehindubusinessline.com/news/real-estate/mahindra-lifespaces-hdfc-capital-launch-first-joint-affordable-housing-project/article22760277.ece|access-date=2020-11-09|website=@businessline|language=en}}</ref>
* Mahindra Happinest Avadi is a full-fledged housing project launched by Mahindra Lifespaces in compliance with the Pradhan Mantri Awas Yojana. It is located in Chennai, and spreads over 13.22 acres of land.<ref>{{Cite web|title=Mahindra Lifespaces commences Phase 1 handover at Happinest, Avadi|url=https://www.indiainfoline.com/article/news-top-story/mahindra-lifespaces-commences-phase-1-handover-at-happinest-avadi-116060900233_1.html|access-date=2020-11-09|website=www.indiainfoline.com|language=en}}</ref>
* Mahindra Happinest Avadi is a full-fledged housing project launched by Mahindra Lifespaces in compliance with the Pradhan Mantri Awas Yojana. It is located in Chennai, and spreads over 13.22 acres of land.<ref>{{Cite web|title=Mahindra Lifespaces commences Phase 1 handover at Happinest, Avadi|url=https://www.indiainfoline.com/article/news-top-story/mahindra-lifespaces-commences-phase-1-handover-at-happinest-avadi-116060900233_1.html|access-date=2020-11-09|website=www.indiainfoline.com|language=en}}</ref>
* Mahindra Aqualily is a residential project situated inside Mahindra World City, a 1,500-acre township in Chennai. The residences have been planned across four phases.<ref>{{Cite web|last=|first=|date=|title=Premium, luxury homes coming up at Mahindra World City|url=https://www.thehindubusinessline.com/news/real-estate/premium-luxury-homes-coming-up-at-mahindra-world-city/article23029080.ece|url-status=live|archive-url=|archive-date=|access-date=2020-11-09|website=@businessline|language=en}}</ref>
*Mahindra Lakewoods is a residential project situated inside Mahindra World City, a 1500-acre township in Chennai located at Chengalpet Taluk, Kancheepuram. The project is developed over 9.33 acres.<ref>{{Cite web|last=|first=|date=|title=Mahindra Lifespace launches 5th residential project in Chennai|url=https://www.thehindubusinessline.com/news/mahindra-lifespace-launches-5th-residential-project-in-chennai/article24763383.ece|url-status=live|archive-url=|archive-date=|access-date=2020-11-09|website=@businessline|language=en}}</ref>
*Antheia by Mahindra Lifespaces is located in the Pimpri-Chinchwad region in Pune. The project is spread over 16.5 acres. The project is designed in 3 phases, with the third phase of the project being launched in May 2016.<ref>{{Cite web|title=Mahindra Lifespaces launches Phase 3 of Antheia, Pune|url=https://www.indiainfoline.com/article/news-top-story/mahindra-lifespaces-launches-phase-3-of-antheia-pune-116051800966_1.html|access-date=2020-11-09|website=www.indiainfoline.com|language=en}}</ref>
*Windchimes by Mahindra Lifespaces is a residential project located near the proposed IIM-Bengaluru and Hulimavu Metro Phase 2 station in Bengaluru. The project is built over an area of 5.85 acres.<ref>{{Cite news|title=Mahindra Lifespace launches Phase 2 of its premium residential project in Bengaluru|work=The Economic Times|url=https://economictimes.indiatimes.com/wealth/personal-finance-news/mahindra-lifespace-launches-phase-2-of-its-premium-residential-project-in-bengaluru/articleshow/60842420.cms?from=mdr|access-date=2020-11-09}}</ref><ref>{{Cite news|last=|first=|date=2015-06-23|title=Mahindra launches Windchimes housing project in Bengaluru|work=Business Standard India|url=https://www.business-standard.com/article/news-ians/mahindra-launches-windchimes-housing-project-in-bengaluru-115062301434_1.html|url-status=live|access-date=2020-11-09}}</ref>


'''Completed Projects'''
'''Completed Projects'''

Revision as of 14:51, 9 November 2020

Mahindra Lifespace Developers Limited
Company typePublic
BSE: 532313, NSE: MAHLIFE
FoundedEstablished in 1994[1]
Headquarters
Mumbai
,
India
Key people
Number of employees
373 (2017)
ParentMahindra & Mahindra
Websitemahindralifespaces.com

Mahindra Lifespace Developers Ltd. is an Indian real estate and infrastructure development company headquartered in Mumbai, India. The Company was founded in 1994 and is part of the Mahindra Group.[2] The company is engaged in residential developments under the Mahindra Lifespaces and Happinest brands;[3] and integrated cities and industrial clusters under the ‘Mahindra World City’ and ‘ORIGINS by Mahindra World City’ brands.[4] The Company has developed properties in Mumbai, Pune, Nagpur, Ahmedabad, Delhi NCR, Jaipur, Hyderabad, Chennai, and Bengaluru.[2][5]

History

GESCO Corporation Limited was incorporated as a Private Limited Company on 16 March 1999 which was converted to a Public Limited Company on 18 August 1999. GESCO was originally the real estate division of Great Eastern Shipping and was spun off into an independent company in April 1999. In 2001, GESCO Corporation and Mahindra Realty & Infrastructure Developers Ltd (MRIDL) demerged the realty and infrastructure divisions of MRIDL and merged it into GESCO.[6] In 2007, the Company name was changed from Mahindra GESCO Developers Limited to Mahindra Lifespace Developers Ltd. (MLDL)[7]

Mahindra World City, Chennai jointly developed by the Mahindra group and the Tamil Nadu Industrial Development Corporation, is corporate India's first operational private special economic zone (SEZ).[8]

Board of directors

The Board of Directors of the Company is headed by Arun Nanda, chairman of Mahindra Lifespace Developers Ltd.[9] and Mahindra Holidays & Resorts (I) Ltd. Other members of  the Board of Directors include Arvind Subramaniam,[10] Anish Shah and Ameet Hariani, Bharat D. Shah and Amrita Verma Chowdhury hold the position of independent directors.[11]

Sustainability

Mahindra Lifespaces is the first real estate company in India to publish a GRI (Global Reporting Initiative) compliant sustainability report which covers the company’s economic, environmental, social and governance (ESG) impacts.[12] Mahindra Lifespaces was also ranked 2nd among diversified real estate companies in Asia in the Global Real Estate Sustainability Benchmarking (GRESB) report.[13]

The Mahindra Teri Centre of Excellence

The Mahindra Teri Centre of Excellence was developed to reduce the footprint of the real estate industry and to influence the real estate industry and its value chain to move towards innovative and sustainable development.[14][15]

Sustainable Leadership Housing Coalition

MLDL is one of the founding members of the Sustainable Housing Leadership Consortium (SHLC), a private sector-led consortium founded in 2016.[16]

Green Army Initiative

Mahindra Lifespace initiated its 'Green Army' initiative in 2014 which aimed to increase awareness of sustainable living habits among children. The program identifies children as primary change agents of the future and educates them on sustainable living habits and choices.[16]

Mahindra World City Jaipur

MWC Jaipur is a joint venture between Mahindra Lifespace Developers Ltd (MLDL) and Rajasthan State Industrial Development and Investment Corporation (RIICO). In 2015, MWCJ became the first project in Asia to receive Stage 2 Climate Positive Development certification from the C40 Cities Climate Leadership Group (C40).[17]

Subsidiaries

  • Mahindra Infrastructure Developers Limited
  • Mahindra World City Developers Limited
  • Mahindra World City (Jaipur) Limited
  • Mahindra World City (Maharashtra) Limited
  • Mahindra Integrated Township Limited.
  • Knowledge Township Limited
  • Mahindra Residential Developers Limited
  • Mahindra Bebanco Developers Limited
  • Industrial Township Maharashtra Limited
  • Raigad Industrial Business Park Ltd
  • Anthurium Developers Limited
  • Watsonia Developers Limited

Projects (residential)

Current Projects

  • Mahindra Luminare is a residential project launched by Mahindra Lifespaces Developers Ltd. in 2015. The project is located in Gurgaon.[18]
  • Mahindra Bloomdale is a residential project being developed over 25.25 acres of land in the MIHAN area of Nagpur and has been certified by the Indian Green Building Council.[19]
  • Mahindra Vicino is a residential project in Mumbai that was launched on October 06, 2019. The project is located in Andheri East.[20]
  • Mahindra Roots is located in the Kandivali East region in Mumbai. This project was launched by Mahindra Lifespaces and has been certified by the Indian Green Building Council.[21]
  • Mahindra Happinest Kalyan is a project built under Pradhan Mantri Awas Yojana by Mahindra Lifespaces Developers Ltd. The project is spread over 9 acres.[22][23]
  • Mahindra Happinest Palghar is a housing project built under a joint venture between Mahindra Lifespaces and HDFC Capital Advisors. The project is spread over an area of 8 acres off the Basawat Pada Road in Nandore.[24]
  • Mahindra Happinest Boisar is a housing project by Mahindra Lifespaces, located in the Boisar suburb of Mumbai. The project is spread over 14 acres of land.[25]
  • Mahindra Happinest Avadi is a full-fledged housing project launched by Mahindra Lifespaces in compliance with the Pradhan Mantri Awas Yojana. It is located in Chennai, and spreads over 13.22 acres of land.[26]
  • Mahindra Aqualily is a residential project situated inside Mahindra World City, a 1,500-acre township in Chennai. The residences have been planned across four phases.[27]
  • Mahindra Lakewoods is a residential project situated inside Mahindra World City, a 1500-acre township in Chennai located at Chengalpet Taluk, Kancheepuram. The project is developed over 9.33 acres.[28]
  • Antheia by Mahindra Lifespaces is located in the Pimpri-Chinchwad region in Pune. The project is spread over 16.5 acres. The project is designed in 3 phases, with the third phase of the project being launched in May 2016.[29]
  • Windchimes by Mahindra Lifespaces is a residential project located near the proposed IIM-Bengaluru and Hulimavu Metro Phase 2 station in Bengaluru. The project is built over an area of 5.85 acres.[30][31]

Completed Projects

  • Eminente, Mumbai
  • Splendour, Mumbai
  • Great Eastern Gardens, Mumbai
  • Chloris, Faridabad
  • Mahindra Gardens, Mumbai
  • Mahindra Park, Mumbai
  • The Great Eastern Links, Mumbai
  • Central Park, Gurgaon
  • Le-Mirage, Pune
  • Fairwinds, Mumbai
  • Belvedere Court, Mumbai
  • The Woods, Pune
  • Sylvan County, Chennai
  • Royale, Pune
  • Windchimes, Bangalore
  • L'Artista, Sopanbaug, Pune
  • Ashvita, Hyderabad
  • Centralis, Pune.
  • Nova, Chennai
  • Iris Court, Chennai
  • Aura, Gurgaon

Integrated cities

  • Mahindra World City Chennai is a township launched by Mahindra Lifespaces in the year 2002. The township is spread over an area of 1500 acres and comprises a number of residential projects (like Aqualily and Lakewoods) as well as commercial complexes and industrial zones.[32][33]
  • Mahindra World City Jaipur is a township promoted as a Public-Private Partnership between the Mahindra Group and the Rajasthan State Industrial Development & Investment Corporation. The township is proposed to be built over an area of 3,000 acres.[34]

Industrial cluster

  • Origins is the brand name for industrial clusters launched by Mahindra Lifespaces. It is a project in Chennai which is being developed over an area of 264 acres. It is being developed under a joint venture between Mahindra World City Developers Limited and Sumitomo Corporation (Japan).[35]
  • Mahindra Lifespaces launched a brand of industrial clusters and complexes under the name of Origins by Mahindra World City. This was done to promote the Make in India initiative and boosting economic growth via world-class industrial ecosystems. The project in Ahmedabad is being developed over an area of 268 acres with the International Finance Corporation (IFC) being a strategic partner.[36]

Projects (corporate spaces)

  • HDFC Bank, Chennai
  • Great Eastern Plaza, Pune
  • Great Eastern Centre, Delhi
  • Great Eastern Plaza, Bangalore
  • Mahindra Towers, Delhi
  • The Regency, Gurgaon
  • Great Eastern Galleria, Navi Mumbai
  • Great Eastern Chambers, Navi Mumbai

See also

References

  1. ^ "IFC to invest $50 mn in Mahindra Lifespace projects". Vccircle.com. 19 September 2017. Retrieved 9 April 2019.
  2. ^ a b "Mahindra Lifespace plans to acquire land parcels with sales potential of Rs 2,000 crore". Business Line. Retrieved 25 September 2020.{{cite web}}: CS1 maint: url-status (link)
  3. ^ Sapam, Bidya (1 July 2019). "Mahindra Lifespace looks to scale up its affordable housing biz". Mint (newspaper). Retrieved 25 September 2020.{{cite web}}: CS1 maint: url-status (link)
  4. ^ Sapam, Bidya (4 March 2019). "Mahindra Lifespace looks to add strategic investment partners". Mint (newspaper). Retrieved 25 September 2020.{{cite web}}: CS1 maint: url-status (link)
  5. ^ "Sangeeta Prasad resigns as MD, CEO of Mahindra Lifespaces". The Financial Express. 7 February 2020. Retrieved 25 September 2020.
  6. ^ "Gesco eyes foray into retail, entertainment". The Financial Express. 21 January 2002. Retrieved 9 April 2019.
  7. ^ "Mahindra Lifespace Developers History - Mahindra Lifespace Developers Information". The Economic Times. Retrieved 9 April 2019.
  8. ^ "Archived copy". Archived from the original on 29 January 2018. Retrieved 29 January 2018.{{cite web}}: CS1 maint: archived copy as title (link)
  9. ^ "Mahindra Lifespaces to build affordable housing pilots". Business Line. Retrieved 25 September 2020.{{cite web}}: CS1 maint: url-status (link)
  10. ^ "Mahindra Lifespace appoints affordable housing unit head as MD, CEO". VCCircle. 15 May 2020. Retrieved 25 September 2020.
  11. ^ "Mahindra Lifespace Developers Management Information - Details of Mahindra Lifespace Developers Management - The Economic Times". The Economic Times. Retrieved 25 September 2020.{{cite web}}: CS1 maint: url-status (link)
  12. ^ "Mahindra Lifespaces publishes GRI report". Construction Week Online. 16 October 2012.{{cite news}}: CS1 maint: url-status (link)
  13. ^ "Mahindra Lifespaces among Asia's top 100 most sustainable companies". IIFL - India Infoline. Retrieved 2 November 2020.
  14. ^ "Mahindra-TERI Center of Excellence". Business Standard India. 20 May 2016. Retrieved 2 November 2020.{{cite news}}: CS1 maint: url-status (link)
  15. ^ "Mahindra-TERI centre of excellence to develop energy-efficient technology for real estate sector". Business Line. Retrieved 2 November 2020.{{cite web}}: CS1 maint: url-status (link)
  16. ^ a b "Mahindra Lifespaces launches its 'Green Army' initiative". Architecture Update. 1 October 2015. Retrieved 2 November 2020.{{cite web}}: CS1 maint: url-status (link)
  17. ^ "Mahindra World City Jaipur provides 16 acres to 4 firms for setting up facilities". Moneycontrol. Retrieved 2 November 2020.
  18. ^ "Mahindra Lifespace tumbles after reporting Q4 net loss of Rs 224 cr". Business Standard India. 15 May 2020. Retrieved 9 November 2020.{{cite news}}: CS1 maint: url-status (link)
  19. ^ "Mahindra Lifespace launches residential project in Nagpur". The Economic Times. Retrieved 9 November 2020.
  20. ^ chundawat (9 October 2019). "Mahindra Lifespace Developers launches new residential project in Mumbai | | Udaipur News | Udaipur Latest News | udaipur local news । Udaipur Updates". Retrieved 9 November 2020.
  21. ^ "Completed projects should be considered while filing the financial report under new accounting norms: Sangeeta Prasad; MD & CEO, Mahindra Lifespace Developers Ltd". Zee Business. 24 April 2019. Retrieved 9 November 2020.
  22. ^ "Mahindra Happinest's affordable housing project is Kalyan's fastest selling". constructionweekonline.{{cite web}}: CS1 maint: url-status (link)
  23. ^ "This affordable housing project in Mumbai's Kalyan has sold 1,000 units amid lockdown". Moneycontrol. Retrieved 9 November 2020.
  24. ^ "Mahindra Happinest sells 100+ homes online within a week at 'Happinest Palghar'". constructionweekonline.{{cite web}}: CS1 maint: url-status (link)
  25. ^ Menon, Bindu D. "Mahindra Lifespaces-HDFC Capital launch first joint affordable housing project". @businessline. Retrieved 9 November 2020.
  26. ^ "Mahindra Lifespaces commences Phase 1 handover at Happinest, Avadi". www.indiainfoline.com. Retrieved 9 November 2020.
  27. ^ "Premium, luxury homes coming up at Mahindra World City". @businessline. Retrieved 9 November 2020.{{cite web}}: CS1 maint: url-status (link)
  28. ^ "Mahindra Lifespace launches 5th residential project in Chennai". @businessline. Retrieved 9 November 2020.{{cite web}}: CS1 maint: url-status (link)
  29. ^ "Mahindra Lifespaces launches Phase 3 of Antheia, Pune". www.indiainfoline.com. Retrieved 9 November 2020.
  30. ^ "Mahindra Lifespace launches Phase 2 of its premium residential project in Bengaluru". The Economic Times. Retrieved 9 November 2020.
  31. ^ "Mahindra launches Windchimes housing project in Bengaluru". Business Standard India. 23 June 2015. Retrieved 9 November 2020.{{cite news}}: CS1 maint: url-status (link)
  32. ^ "Mahindra Lifespace launches 5th residential project in Chennai". @businessline. Retrieved 9 November 2020.{{cite web}}: CS1 maint: url-status (link)
  33. ^ "Has The Realty Sector Turned Around? Mahindra Lifespaces' Residential Sales Grows By 76 Pc During The Quarter Vs Q1 FY19". BW Businessworld. Retrieved 9 November 2020.{{cite web}}: CS1 maint: url-status (link)
  34. ^ "Mahindra Lifespace to develop residential project in Jaipur". @businessline. Retrieved 9 November 2020.{{cite web}}: CS1 maint: url-status (link)
  35. ^ "Mahindra Lifespaces launches industrial clusters brand". Moneycontrol. Retrieved 9 November 2020.
  36. ^ "Mahindra Lifespace unveils industrial clusters brand Origins". @businessline. Retrieved 9 November 2020.{{cite web}}: CS1 maint: url-status (link)
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