Mahindra unit to acquire ₹500-cr. land every year
The Hindu
Realty arm eyes mid-premium homes
Mahindra Lifespace Developers Ltd., the realty arm of the Mahindra Group, will invest ₹500 crore in land acquisition every year to expand the firm’s affordable and mid-premium housing projects, said MD & CEO Arvind Subramanian. “Most of the investment over the next three to five years will go into the residential business,” he said. “Roughly, every year, we will be be spending about ₹500 crore on land acquisitions... if I stick to three to five land parcels being bought,” he added.
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