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.