Mahindra Lifesapce's JV firm buys land at Thane in Maharashtra
Realty firm Mahindra Lifespace on Tuesday said its joint venture has acquired land in Thane, Maharashtra, that has a potential to develop housing project comprising over 8 lakh sq ft.
In a filing to the BSE, the company said Mahindra Happinest Developers Ltd has executed a conveyance deed with the land owners for acquisition of a land parcel situated in Mumbai Metropolitan Region at Village Ranjnoli, Taluka Bhiwandi, District Thane having residential development potential of up to 0.84 million sq ft.
Mahindra Happinest Developer is a joint venture between HDFC Capital Affordable Real Estate Fund -1 and a subsidiary of Mahindra Lifespace.
Disclaimer: No Business Standard Journalist was involved in creation of this content