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.
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