Mahindra Lifespaces launches affordable housing project in Mumbai.

Mahindra Lifespaces Developers, the real estate arm of Mahindra Group, recently launched its second affordable housing project under its 'Happinest' vertical at Boisar.

'Our intent is to provide good quality housing at affordable rates. We have decided to undertake two pilot projects - one in Chennai, which we have already launched in August and the second one is in Boisar (in Maharashtra),' company's Managing Director and CEO Anita Arjundas told reporters here.

The company, this year in June, had launched a new business vertical called 'Happinest', focused on developing affordable housing projects.

Spread across over 14 acres, the Boisar project offers 1RK, 1 and 2 BHK apartments in the range of 351 sqft to 695 sqft and would have a total of 1,400 units.

The apartments will be priced between Rs. 9.1 lakh to Rs. 17.5 lakh.

In the first phase, where construction will commence from next week and is scheduled to be completed in a year, the company will build nearly 359 units.


TIMES OF INDIA