Mahindra Lifespace Developers is eyeing to acquire a few land parcels this fiscal (FY23) to build housing projects with sales potential of Rs 3,000-4,000 crore. The company will acquire these land parcels either through outright purchase or by forming Joint Development Agreements (JDAs) with landowners.
The company is looking to acquire new land parcels for business expansion in three focus cities -- Mumbai Metropolitan Region (MMR), Pune and Bengaluru. The company already acquired a land parcel this fiscal that has a Gross Development Value (GDV) of Rs 1,700 crore and the deal pipelines are strong.
Mahindra Lifespace Developers is the real estate and infrastructure development company and a pioneer of sustainable urbanization in India.
