Mahindra Lifespaces
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. The company is engaged in residential developments under the Mahindra Lifespaces and Happinest brands; and integrated cities and industrial clusters under the ‘Mahindra World City’ and ‘ORIGINS by Mahindra World City’ brands. The company has developed properties in Mumbai, Pune, Nagpur, Ahmedabad, Delhi NCR, Jaipur, Hyderabad, Chennai, and Bengaluru. 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. In 2007, the Company name was changed from Mahindra GESCO Developers Limited to Mahindra Lifespace Developers Ltd. (MLDL) 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). Board of directors The Board of Directors of the company is headed by Arun Nanda, chairman of Mahindra Lifespace Developers Ltd. and Mahindra Holidays & Resorts (I) Ltd. Other members of the Board of Directors include Arvind Subramaniam, Anish Shah and Ameet Hariani, Bharat D. Shah and Amrita Verma Chowdhury hold the position of independent directors. Projects (residential) Current Projects Mahindra Luminare is a Pre-certified IGBC platinum rated residential project launched by Mahindra Lifespaces Developers Ltd. in 2015. The project is located in Gurgaon, Sec. 59. 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. Mahindra VICINO is a residential project located in Andheri East, Mumbai and has been certified by the Indian Green Building Council. Mahindra Roots is located in the Kandivali East region in Mumbai and has been certified by the Indian Green Building Council. Mahindra Happinest Kalyan is a project built under Pradhan Mantri Awas Yojana by Mahindra Lifespaces Developers Ltd. The project is spread over 9 acres. 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. 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. 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. 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. Mahindra Lakewoods is