Mahindra Lifespaces enters Nagpur [Apr 2012]

Mahindra Lifespace Developers, the real estate and infrastructure development arm of the $ 14.4 billion Mahindra Group, forays into Nagpur with the launch of ‘Bloomdale’, planned as a gated community which aims to foster healthy, community living.
Anita Arjundas, MD & CEO, Mahindra Lifespace Developers said, “The focus of our strategy being sustainable urbanisation, we wish to carry this development approach to the cities that are contributing to urban growth. Nagpur is poised for accelerated growth both in terms of infrastructure and the general economy".
Bloomdale is being developed by Mahindra Bebanco Developers Ltd., a joint venture between Mahindra Lifespace Developers Ltd., (70%) and B.E. Billimoria & Co. Ltd. (30%). B.E. Billimoria & Co. is well known as one of India's leading Civil Engineering Construction Contractors.
Digant Kapadia, MD, BE Billimoria & Co. said, “We are happy to partner with Mahindra Lifespace Developers Ltd and bring Bloomdale to Nagpur. Given our 54 years of expertise in the real estate sector, we believe the synergies the two partners bring will translate into a world-class project like Bloomdale.” ‘Bloomdale’, spread across 25.25 acres, is located in the residential zone of the 4354 hectare MIHAN.
The Company has developed and completed over 7 million square feet of premium residential and commercial properties in Mumbai, Pune, Delhi, and Chennai. The Company is also the forerunner in developing and delivering integrated and inclusive ecosystems for work, living and life through their Mahindra World City offerings at Chennai and Jaipur spread over 6 and 12 sq.kms respectively.

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