Mahindra Lifespace to invest Rs 350 cr in affordable housing

Aug 08 2014, 00:51 IST
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SummaryMahindra Lifespace Developers (MLDL), the real estate and infrastructure development arm of the $16.5- billion Mahindra Group. will invest R350 crore in the affordable housing space in another one year's time.

Mahindra Lifespace Developers (MLDL), the real estate and infrastructure development arm of the $16.5- billion Mahindra Group. will invest R350 crore in the affordable housing space in another one year's time.

The company had announced its new business vertical - Happinest - in June this year and announced that the first two projects will be launched soon in Chennai and Mumbai

Anita Arjundas, MD & CEO, told FE it has joined hands with credit scoring agencies and housing financing companies to get the data base of their customers.

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