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Mahindra Lifespaces announces partnership with Sumitomo Corporation for Industrial Clusters business expansion
Nov 23, 2024•over 1 year ago
Contract Type
partnership
MumbaiReal Estate
Description
Mahindra Lifespace Developers Ltd. (MLDL) has announced the second phase of their Industrial Parks project in Tamil Nadu under the brand “Origins by Mahindra,” in partnership with Sumitomo Corporation, Japan. This marks a significant step in enhancing industrial growth in the region. The Supplemental Agreement involves an investment of approximately ₹225 crores by MWCDL and Sumitomo Corporation, Japan in Mahindra Industrial Park Chennai Limited (MIPCL), further strengthening their Joint Venture Agreement originally signed in 2015.
Company Information
Company
Mahindra Lifespace Developers
Location
G M Bhosle Marg
Mumbai, Maharashtra, India
About
Mahindra Lifespace Developers Ltd. (‘Mahindra Lifespaces’) brings the Mahindra Group’s philosophy of ‘Rise’ to India’s real estate and infrastructure industry through thriving residential communities and enabling business ecosystems. The Company’s development footprint spans 37.33 million sq. ft. of completed, ongoing and forthcoming residential projects across seven Indian cities; and over 5000 acres of ongoing and forthcoming projects under development / management at its integrated developments / industrial clusters across four locations. Mahindra Lifespaces’ development portfolio comprises premium residential projects; value homes under the ‘Mahindra Happinest®’ brand; and integrated cities and industrial clusters under the ‘Mahindra World City’ and ‘Origins by Mahindra’ brands, respectively. The Company leverages innovation, thoughtful design, and a deep commitment to sustainability to craft quality life and business growth.
MumbaiReal Estate