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.
