chennai anand mahindra chairman of the 19billion mahindra group is investing in us real estate in his personal capacity he is partnering with rotem rosen a new york real estate owner and developer and jerry rotonda who has been cfo of deutsche bank wm americas the trio are setting up a real estate firm called mrr development which will focus on real estate projects in manhattanthis investment has nothing to do with mahindra groupwhen contacted the group shared a statement confirming the development mrr development headquartered in manhattan is a premier full service real estate powerhouse founded personally by anand mahindra through his family office and will focus on the identification acquisition development conversion sale of real estate specifically in manhattan reflecting the fundamental analysis of longterm drivers of capital appreciationit added mrr will systematically target development projects that deliver value and quality to buyers the three partners have delivered a strong riskadjusted track record of returns in their respective careers by relying on their investment discipline and sourcing capabilities forbes magazine values anand mahindras net worth at 155 billion he has earlier made similar individual investments into epic channel partnering with mukesh ambanithree years later ambani reportedly sold his stake in epic last novembermahindra has also made several investments in startups including in companies like shethepeople localcircles india and more recently thinkerbell labs and the naandi education support training nest