Latest News | Mahindra Lifespace Acquires 10.3 Acre Land in MMR

New Delhi, Mar 25 (PTI) Realty firm Mahindra Lifespace Developers Ltd on Thursday said it has acquired 10.3 acre land in Mumbai Metropolitan Region (MMR).

The company will develop a new residential project in Kalyan.

In a regulatory filing, Mahindra Lifespace said it has entered into an agreement for sale for 10.3 acres.

This new project will offer about 7 lakh sq ft of carpet area and is expected to be launched in FY 2022.

This is Mahindra Lifespaces' second residential development in Kalyan.

Arvind Subramanian, Managing Director & CEO, Mahindra Lifespace Developers Ltd, said, "The runaway success of our first residential project in Kalyan validates the growing demand for high quality, aspirational homes by trusted brands in this attractive suburb."

"Our latest land acquisition in Kalyan is aligned to our strategy of strengthening our presence in high-performing market," he said.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)