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Mahindra Lifesapce's JV firm buys land at Thane in Maharashtra

Press Trust of India  |  New Delhi 

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.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, November 05 2019. 20:40 IST