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| Mahindra Lifespaces launches a premium residential community at Mahindra World City |
| Announcement / Corporate Nov 12, 2009, 20:12 IST |
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“Aqualily” from Mahindra Lifespaces to include Villas, twin homes and luxury apartments.
Mahindra Lifespace Developers today announced the launch of “Aqualily”, a premium residential community being developed within the Mahindra World City, Chennai’s most evolved and integrated city. Mahindra Lifespace Developers Limited (MLDL) is the real estate and infrastructure development arm of the $6.3 billion Mahindra Group.
“Aqualily” will be a perfect blend of villas, twin homes and luxury apartments nestled on a pristine lake with floor areas ranging from 1500 to 4000 sq.ft. Planned as a gated community with large residential units, lush green open spaces, wide roads, walkways and vibrant community interaction points, the project is set in a pollution free environment. Two club houses equipped with all the modern amenities, a large green lung space and several play areas provide the confluence points for the residents.
The project is being developed by Mahindra Residential Developers Ltd., a subsidiary of Mahindra Lifespace Developers Ltd. and Arch Capital, an Ayala Group company.
Mr. Arun Nanda, Executive Director, M&M Ltd. and Vice-Chairman, Mahindra Lifespaces Developers Ltd said, “We envisioned Mahindra World City as a complete ecosystem where the work, living and learning spaces would coexist to offer an enhanced quality of life to its citizens. We have achieved significant milestones in this pursuit through creating work spaces which have world class corporates like BMW, Infosys, Wipro; and lifestyle amenities and facilities like the Mahindra World School, Apollo Clinic; as well as enhanced bus and train services. Aqualily represents a significant endeavour in offering international living in a picturesque environment. The local knowledge and trust of Mahindra Lifespaces and the international experience of the Ayala group will ensure that Aqualily offers a truly perfect, nature friendly living environment.”
Mahindra Lifespace Developers’ current projects include Mahindra Eminente at Goregaon, Mumbai, Mahindra Splendour at Bhandup, Mumbai, Mahindra Royale, Pune, Mahindra Chloris, Faridabad and Sylvan County at Mahindra World City, Chennai. The Company’s sales amounted to a sales value of Rs. 102 crores for the quarter and Rs 152 crores for the H1 F10 across its projects.
About Mahindra World City, Chennai
Mahindra World City is an award-winning, planned business city, designed on a work-live-learn-play format and spread over 1500 acres. The city has been conceived as a mixed use community with zones for business and lifestyle. The Business Zone provides modern working spaces with state-of-the-art plug-n-play infrastructure. The Business Zone comprises of Special Economic Zones (SEZ) for companies looking at catering to the global markets primarily through exports and a Domestic Tariff Area (DTA) for companies targeting the domestic market. The Lifestyle Zone, located in close proximity to the Business Zone will offer residential units, schools, medical centers, retail malls and recreation and leisure facilities amidst wide open green spaces and a clean, healthy environment.
Mahindra World City, Chennai is currently home to leading international and Indian companies like BMW, Cap Gemini, Infosys, Mindtree, Renault Nissan, Timken, TVS Group and Wipro among others. The project has attracted a cumulative investment of over Rs. 2500 crores and will see a total investment of over Rs 7500 crores when fully developed.
The Lifestyle Zone of Mahindra World City houses The Canopy, a commercial complex with banking, food and beverage facilities, an Apollo Clinic among other retail and leisure facilities and the Mahindra World School, a world class educational institution affiliated to the CBSE.
Mahindra World City is currently home to 15,000 employees of the companies based at the location, which strength is expected to cross 50,000 in the next 4 to 5 years. The new station at Paranur, completely renovated and refurbished by Mahindra World City in partnership with Southern Railways, acts as a convenient conduit for employee travel today.
Awards Won by Mahindra World City
American Society of Landscape Architects Honours Award for Master Planning for Residential Master Plan of MWC done by HOK Planning Group based out of St. Louis, USA. Citiscape Singapore Citation for most commendable mixed use Community development for Mahindra World City.
About Mahindra Lifespace Developers Ltd
Mahindra Lifespace Developers Ltd (previously known as Mahindra Gesco Developers Ltd) has been in the forefront of Urban Development in the country. A part of the US $ 6.3 billion Mahindra Group, the company enjoys a reputation of being the pioneer in the development of integrated business cities and delivering quality living spaces that not only offer its customers healthy living but also the comfort of fair and transparent dealings backed by the trust and credibility of the Mahindra Group. The Company has developed premium residential and commercial properties in Mumbai, Pune, Delhi, Chennai and the Mahindra World Cities at Chennai and Jaipur.
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