Mahindra Lifespace Developers acquires land parcel in MMR region

Mahindra Lifespace Developers has acquired a land parcel in MMR region for residential development having an estimated development potential of around 0.50 million square feet.

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.