Mahindra Lifespace exploring option to sell development rights

16 Apr 2013

Mahindra Lifespace Developers together with the owner of a property in Byculla Mumbai, wherein the company has development rights on part of the property, are exploring the option of selling the same to third parties.

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.

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