MOCI grants nod to Mahindra Lifespace’s arm for partial denotification of notified area under SEZ

03 Mar 2020 Evaluate

The Ministry of Commerce and Industry (MOCI) has granted approval to Mahindra World City Developers (MWCDL), a subsidiary of Mahindra Lifespace Developers and the developer of the SEZ at Mahindra World City, Chennai, for partial denotification of 55.90 hectares (De-notified Land) in the non-processing area. This De-notified Land is a part of approximately 89 hectares which was leased earlier to another subsidiary of the company, Mahindra Integrated Township for undertaking residential developments in the part of non-processing area.

Mahindra Lifespace Developers is the real estate and infrastructure development business of the $19 billion Mahindra Group, and a pioneer of sustainable urbanization in India.

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