Mahindra Lifespace Developers is going to invest around Rs 500 crore to build a new housing project in Pune as it seeks to expand business amid strong recovery in residential real estate market.
The company will develop more than 1,000 units in the project 'Happinest Tathawade', which is spread over nearly 7 acres of land. The project will be developed in two phases, with first one comprising over 600 apartments.
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.
