Monday, May 19, 2008

Mahindra Lifespaces' SEZs news: upcoming at Karla - Pune, Thane - Mumbai, Jaipur and ongoing at Chennai

1) Mahindra Lifespaces' Karla - Pune and Thane - Mumbai SEZs:

Management has made significant progress towards concreting its 2 proposed SEZs at Karla, Pune (3,000-acre multi-product SEZ) and Thane, Mumbai (52 acre biotech SEZ).

2) Mahindra Lifespaces' Jaipur SEZ:

The company has witnessed significant progress at its 3,000 acre SEZ at Jaipur, where it has till acquired 2,500 acre of land and has committed about 20 per cent of processing area to anchor tenants such as Infosys, Wipro, Tech Mahindra and Deutsche Bank.

3) Mahindra Lifespaces' 1,400 acres Chennai SEZ enters cash generation phase:

The company has drawn up plans to launch a residential project over its 12-15 million square feet of residential area near the SEZ, to cater to the demand of about 20,000 apartments over next five years by employees working at the SEZ.
Business Standard

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