About Mahindra Lifespace Developers

Mahindra Lifespace Developers Limited operates as a real estate development company in India. The company focuses on the development of residential projects and large format integrated infrastructure development, such as business cities, industrial parks, and Special Economic Zones (SEZs). Segments The company operates in three segments: Projects, Project Management and Development activities; Operating of Commercial complexes; and Business Centers. Subsidiary Companies Mahindra World City Developers Limited (MWCDL) implemented a private sector SEZ near Chennai. The three sector-specific SEZs serve to three industry sectors namely IT (services and manufacturing), Apparel & Fashion Accessories, and Auto Ancillaries. Mahindra Integrated Township Limited (MITL) is engaged as a Co-developer in developing an integrated township at Mahindra World City, Chennai. A joint venture agreement for residential development was executed between Mahindra Residential Developers Limited (MRDL) a subsidiary of Mahindra Integrated Township Limited (MITL) and a private equity real estate fund, ARCH Capital Asian Partners, L.P., managed by ARCH Capital Management Company Limited, an affiliate of Ayala Land, the real estate brand in Philippines, and Ayala Corporation. The joint venture has undertaken the development of a gated residential community together with support, retail and recreational facilities in approximately 55 acres within Special Economic Zone (SEZ) at Mahindra World City, New Chennai. Mahindra World City (Jaipur) Limited (MWCJL) is in the process of developing a multi-product SEZ near Jaipur spread over approximately 3000 acres of land of which approximately 500 acres would be domestic tariff area. Mahindra World City (Maharashtra) Limited (MWCML) would develop a multi-product SEZ at Karla, near Pune in collaboration with Maharashtra Industrial Development Corporation (MIDC). Mahindra Knowledge City Limited (MKCL) would develop an integrated township across approximately 3000 acres of land in Maharashtra. Industrial Township (Maharashtra) Limited (ITML) would undertake development of approximately 2000 acres of land in Maharashtra. Mahindra Bebanco Developers Limited (MBDL) is a 70-30 joint venture between the company and B. E. Billimoria & Co. Limited. This company would develop (design, finance, construct, maintain, and market) a residential complex on approximately 10.2 hectares (25.2 acres) at Multi-nodal International Hub Airport at Nagpur (MIHAN). Mahindra Infrastructure Developers Limited (MIDL), is an equity participant in the project company namely, New Tirupur Area Development Corporation Limited (NTADCL) implementing the Tirupur Water Supply and Sewerage project. MIDL has formed a separate entity ‘Mahindra Water Utilities Limited’ (MWUL), a 50-50 joint venture with United Utilities International Limited. Joint Ventures In November 2009, the company has entered into a joint venture with Arch Capital, an Ayala Group company of the Philippines, to promote a 55-acre premium residential community at Mahindra World City SEZ.