Mahindra Lifespace Developers has won the ‘Emerging Markets- Most Improved in Adoption of Best Practices’ merit award at the annual Asia Pacific Real Estate Association (APREA) Best Practices Awards held in Hong Kong in the last week.
The awards recognize those listed real estate firms who perform best in the area of governance and disclosure. The awards are based on the APREA Best Practices Handbook and regulations in the company’s local jurisdiction. All real estate companies and trusts listed on a regional exchange in the Asia Pacific region, including Australia and New Zealand, were eligible to qualify for these awards.
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.