Mahindra Lifespace launches 9.33-acre housing venture

Adding to its project portfolio in the country's realty sector, Mahindra Lifespace Developers has decided to build residential and social infrastructure projects in the Mahindra World city in Jaipur, the CEO of Mahindra Lifespace Developers, Sangeeta Prasad said, adding that it is company's fifth residential project 'Lakewoods' located in the integrated township Mahindra World City, which would have 747 apartments spread across 9.33 acres. Mahindra World City in Jaipur is spread across 3,000 acres and promoted as a public private partnership between the Mahindra Group and Rajasthan State Industrial Development and Investment Corporation. It has drawn out a business strategy and a plan for developing residential and social infrastructure in Mahindra World City, Jaipur as currently, Mahindra Lifespace has two Mahindra World City projects one near Chennai and the other one in Jaipur. Prasad said the master plan was submitted to the Rajasthan government for its approval and that a UK based company, ARUP has designed the master plan for developing the project in Jaipur and that the companies which are already present in Mahindra World City have invested ₹4,000 crore.