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Mahindra Lifespaces Joins Hands with HDFC for Affordable Housing
October 24, 2017
With an aim to push affordable housing for the public, Mahindra Lifespace Developers has partnered with HDFC Capital to invest as much as Rs. 500 crores in the next three years for the construction of about 5-10 million sq. ft. space. The projects will be managed and executed by Mahindra Happinest Developers Ltd.
While Mahindra Lifespace Developers will have 51% equity in the joint venture, HDFC Capital will have the balance.
The first project, Happinest Palghar, will be constructed near Mumbai and is scheduled for later this fiscal year.
