Mahindra Lifespace Developers (MLDL), the real estate and infrastructure development arm of $17.8 billion Mahindra Group, has signed a MoU with the Government of Gujarat, through a 100% subsidiary, to establish approximately a 350-acre, multi-product industrial park near Ahmedabad.
The proposed new industrial park marks Mahindra Lifespaces’ foray into Gujarat and is being planned to cater to non-polluting industries. The industrial park is expected to create direct and indirect employment for about 12,000 persons, when fully operational. The proposed multi-product industrial park will be developed under the aegis of Gujarat Industrial Policy 2015.
Mahindra Lifespace Developers is a real estate development company. It offers residential and integrated large format construction in Mumbai, Pune, Delhi and NCR, Nagpur, Hyderabad, Chennai and Bengaluru. Its projects include mass housing and township, multi-storied buildings and villas. It also supports sustainable urbanization through green architecture.
