Mahindra Lifespace Developers, the real estate and infrastructure development arm of the $15.4 billion Mahindra Group, has been bestowed with the CII-ITC Sustainability Awards 2012 for its strong commitment to sustainability in its residential developments and integrated cities.
The awards were announced at a formal presentation ceremony in New Delhi on Jan 14, 2013. The annual CII-ITC Sustainability Awards are conferred on Indian businesses that demonstrate excellent performance in the area of sustainable development.
Mahindra Lifespace Developers (MLDL) is the real estate and infrastructure development subsidiary of Mahindra & Mahindra (M&M). At present, M&M holds 51% of the equity share capital of MLDL. MLDL has two main lines of businesses - standalone real estate development and development of integrated business cities.