Breaking Ground: Mahindra Lifespaces’ Venture into Plotted Development 2023
The project, which spans 19 acres, will provide a variety of plots up to 5000 square feet in size to satisfy the demands and objectives of its consumers.
Mahindra Lifespaces, one of India’s leading real estate developers, has recently embarked on a new venture into plotted development projects. With an extensive track record in creating sustainable and innovative urban spaces, Mahindra Lifespaces is leveraging its expertise to introduce a new dimension to the real estate sector. This strategic move marks a paradigm shift in how urban living is envisioned and executed, bringing forth exciting opportunities for homebuyers and investors alike.
The Mahindra Group focuses on developing real estate and infrastructure. Mahindra Lifespaces Developers Ltd (MLDL) announced its entry into planned developments today. ‘Lakefront Estates by Mahindra’, the company’s first planned development project, was launched at Mahindra World City (MWC), Chennai.
The project, which spans 19 acres, will provide a variety of plot sizes up to 5000 square feet to suit the needs and objectives of its clients. It is intended to give a perfect, individualized living experience with green open spaces and access to first-rate infrastructure and services.
Plotted development refers to the creation of residential plots within a larger land parcel, offering individuals the freedom to design and construct their dream homes. This concept deviates from the traditional apartment-centric approach and emphasizes personalized living spaces that cater to individual tastes, preferences, and aspirations. Plotted development projects typically provide a range of plot sizes, enabling homeowners to choose the ideal plot for their needs, while also incorporating infrastructure and amenities for a well-rounded living experience.
The firm claims that Lakefront Estates by Mahindra, located on the shores of the 2200-acre Kolavai Lake and overlooking the tranquil Paranur Hills, provides a genuinely exceptional way of life. An spectacular urban forest, spanning 80 acres, to the project’s north completes this gorgeous environment. Along with the breathtaking natural beauty that surrounds the property, it also has eight themed gardens, each with a distinct purpose and facilities, giving inhabitants plenty of chances to unwind, revitalize, and socialize with the lively neighbourhood.
Mahindra Lifespaces, with its rich legacy of over two decades, has been at the forefront of urban development in India. The company has earned a reputation for its sustainable design principles, commitment to quality, and customer-centric approach. By venturing into the plotted story, Mahindra Lifespaces aims to redefine the urban living landscape and empower individuals to shape their own living spaces while benefiting from the company’s expertise and extensive infrastructure development capabilities.
Benefits of Plotted Development:
- Customization and Individuality: Plotted development projects offer homeowners the freedom to design and construct homes that align with their unique preferences. Residents can personalise their living spaces from architectural styles to interior layouts to create a truly bespoke environment.
- Larger Living Spaces: Compared to traditional apartments, plotted developments typically offer larger plot sizes, providing homeowners with more space for gardens, outdoor activities, and expansion possibilities. This allows for a closer connection with nature and encourages a healthy and active lifestyle.
- Enhanced Community Living: Plotted development projects by Mahindra Lifespaces are designed with the vision of fostering a strong sense of community. The integration of green spaces, parks, and recreational facilities promotes social interactions, creating a close-knit neighborhood where residents can build lasting relationships.
- Infrastructure and Amenities: Mahindra Lifespaces’ plotted development projects go beyond just residential plots. The company integrates essential infrastructure such as roads, water supply, sewage systems, and power supply, ensuring a hassle-free living experience. Additionally, amenities like a clubhouse, swimming pool, gymnasium, and retail spaces are thoughtfully incorporated to cater to the residents’ lifestyle needs.
- Investment Potential: Plotted development projects offer excellent investment potential, as land value tends to appreciate over time. With Mahindra Lifespaces’ trusted brand and track record, homeowners can have confidence in the long-term prospects of their investment.
Mahindra Lifespaces has already launched several plotted development projects across key cities in India. Notable projects include Mahindra Happinest Palghar in Mumbai, Mahindra World City Jaipur, and Mahindra Happinest Kalyan in Pune. These projects showcase the company’s commitment to creating sustainable, well-planned, and future-ready urban environments.
Amit Kumar Sinha, MD & CEO of Mahindra Lifespaces Developers Ltd., commented on the matter by saying: “Plotted developments have emerged as a game changer in the Indian real estate sector, providing purchasers with a singular chance to design their ideal houses. It brings me great pleasure to announce the inauguration of “Lakefront Estates by Mahindra,” our debut into this new category for Mahindra Lifespaces. We are happy to provide a project that expertly combines gorgeous surroundings, excellent connections, and a thriving community to provide a really unmatched lifestyle as the markets in South experience a robust spike in demand for planned projects. With this project, we are optimistic that we will be able to provide our clients the chance to create something more lasting than just a house for themselves.
Mahindra World City, Chennai, a cosmopolitan township with several environmental firsts to its name, is widely regarded as an urban destination that is well ahead of its time. MWC Chennai is India’s first IGBC ‘Gold’ Certified Township and functioning corporate Special Economic Zone. It is strategically positioned and has a train station on-site.
This low-congestion metropolis, which covers more than 1500 acres, is bordered by 1000 acres of reserve woods and 7 lakes. MWC Chennai is the first integrated city in India to get third-party Zero Waste to Landfill (ZWL) accreditation. It is a first-of-its-kind integrated metropolis constructed on environmentally sustainable principles.
More than 65+ international corporations, dispersed throughout Special Economic Zones and a Domestic Tariff Area, choose MWC Chennai as their preferred business location. More than 100,000 people now have direct jobs thanks to MWC Chennai’s industrial zone. With easy access to the Grand Southern Trunk Road (GST Road) and other essential highways, MWC Chennai boasts excellent road connections in addition to the Paranur train station, offering quick and straightforward transit alternatives to many areas of the city and beyond.
Mahindra Lifespaces’ entry into plotted development projects marks an exciting chapter in the Indian real estate sector. By combining their expertise in sustainable design, infrastructure development, and customer-centric approach, Mahindra Lifespaces is set to revolutionize urban living by empowering individuals to shape their own dream homes. With a focus on customization, community building, and enhanced lifestyle amenities, their plotted development projects promise a unique living experience that embraces individuality, connectivity, and sustainability.
