Mahindra Lifespace Developers (MLDL), through its subsidiary Mahindra World City Developers (MWCDL), has unveiled the second phase of their Industrial Parks project in Tamil Nadu under the brand ‘Origins by Mahindra,’ in partnership with Sumitomo Corporation, Japan. This expansion marks a significant step in enhancing industrial growth in the region.
The Joint Venture Agreement originally signed in 2015, with Sumitomo Corporation was further strengthened on November 22, 2024 through a Supplemental Agreement which involves an investment of approximately Rs 225 crore by MWCDL and Sumitomo Corporation, Japan in Mahindra Industrial Park Chennai (MIPCL), in proportion of their existing shareholding. This new phase will also focus on the acquisition and development of land and associated infrastructure to establish an advanced industrial ecosystem.
Mahindra Lifespace Developers is the real estate and infrastructure development company and a pioneer of sustainable urbanization in India.
