Local presence to help service the Indian diaspora across the GCC region
Dubai, June 04, 2015 : Mahindra Lifespace Developers Limited, the real estate and infrastructure development business of the $16.5 billion Mahindra Group, announced the opening of its first international office in Dubai, UAE. This representative office in Dubai is located in Sultan Business Centre, next to Lamcy Plaza, an easily accessible and central location in Dubai (http://www.mahindralifespaces.com/mwc-chennai-residences/index.html).
Speaking at the launch, Anita Arjundas, Managing Director & CEO, Mahindra Lifespace Developers Ltd said, “The GCC region is a key market for Mahindra Lifespaces with more than 50% of our international sales coming from this region. One out of every three international customers investing in Indian real estate, resides in this region, and with our pan India residential presence, the Dubai representative office will allow us to directly engage with and address the needs of the Indian diaspora who want to stay connected to their roots.”
Mahindra Lifespaces has been at the forefront of transforming urban landscapes by creating sustainable communities. It is India’s first ‘Green Homes’ developer with one of the largest footprints of Indian Green Building Council (IGBC) pre-certified and certified green buildings. With a portfolio spanning the mid, premium and luxury housing segments, Mahindra Lifespaces is present across Mumbai, Pune, Nagpur, Gurgaon, Chennai, Hyderabad and Bangalore.
Happinest, Mahindra Lifespaces' recent foray into affordable housing, is part of the company’s vision to provide quality housing at affordable prices to the emerging middle class. The two pilot projects in Chennai and Mumbai Metropolitan Region, are endeavors to make homes more accessible and affordable to customers through financial inclusion and the use of innovative technologies and approaches to construction.
The residential and commercial development footprint of Mahindra Lifespaces comprises over 0.83 million sq.m. (8.92 million sq.ft) of completed projects with over 0.96 million sq.m. (10.38 million sq.ft.) of ongoing and forthcoming projects.
Mahindra Lifespaces has also pioneered the concept of integrated business cities through its ‘Mahindra World City’ developments in Chennai and Jaipur. These developments cover 1796 hectares (4,437 acres) and house over 125 reputed global companies, providing an integrated environment for Life, Living and Livelihood.
The company has a strong focus on sustainable developments. It is the first real estate company in India to release its triple-bottom line focused Sustainability Report that is based on the Global Reporting Initiative (GRI) framework with an A+ assessment, indicating the highest levels of transparency and disclosure. It has also been recognized in 2014 as a Regional Sector Leader in its category in Asia, by the Global Real Estate Sustainability Benchmark (GRESB)