Mahindra Lifespace's JV Firm Buys Land In Thane

New Delhi: Realty player Mahindra Lifespace’s joint venture (JV) company has purchased land in Thane near Mumbai which has a potential to develop housing project spread over 8 lakh sq ft.

Mahindra Happinest Developers Ltd, the JV firm, has signed a conveyance deed with owners of the land parcel to buy the piece of land. The land lies in at Village Ranjnoli, Taluka Bhiwandi, District Thane, Mahindra Lifespace said in a regulatory filing. 

Mahindra Happinest Developer Ltd is a JV between HDFC Capital Affordable Real Estate Fund -1 and a subsidiary of Mahindra Lifespace.

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