Mahindra Lifespaces signs agreement to acquire 7-acre land parcel in Pune

Mumbai, February 7, 2019 - Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development arm of the $20.7 billion Mahindra Group, today announced that as part of its pursuit to acquire land for business growth, the Company has executed an agreement to acquire approximately seven acres of land in Pune. The sale deed will be executed in due course. The Company plans to develop a mid-segment residential project with development potential of approximately 0.7 million square feet.