Mahindra Lifespace Developers (MLDL), the real estate and infrastructure development arm of the Mahindra Group, is planning to open offices in key overseas markets to assist NRIs in buying its properties in India, with an aim to increase the contribution of international sales in its total revenues to up to 25% over next few years. There are some NRIs who look at Indian real estate market as an investment opportunity while there are others who are looking at buying first homes.
The company had recently opened its first international office in Dubai which will address the needs of non-resident Indians in the Gulf Cooperation Council (GCC) region. After GCC, the company is likely to set up a similar office in other key markets like USA and Singapore. There is a significant demand from NRIs in the GCC, primarily in markets like Tamil Nadu, Karnataka, Kerala and Andhra Pradesh, while those in the US and Singapore are also looking at cities like Mumbai, Pune, NCR, Nagpur and Bengaluru, among others.
Mahindra Lifespace Developers, the real estate development business of the $16.5 billion Mahindra Group, is a leader in sustainable urbanization, through the creation of residential and integrated large format development across India. Mahindra Lifespaces has a footprint of over 7.3 million sq ft of completed projects and over 11.3 million sq ft of ongoing and forthcoming projects. The company has pioneered the concept of an integrated business city through ‘Mahindra World City’ developments in Chennai and Jaipur.
| Company Name | CMP |
|---|---|
| Dilip Buildcon | 424.50 |
| Macrotech Developers | 1337.00 |
| NBCC (India) | 145.80 |
| Prestige EstatesProj | 1624.95 |
| DLF | 840.90 |
| View more.. | |
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