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By EquityPandit

Mahindra Lifespace, HDFC Capital JV to launch affordable housing

February 15, 2018

Mahindra Lifespace Developers and HDFC Capital Advisors, will be developing their first joint affordable housing project at Palghar in Maharashtra, with apartments in the range of Rs.8-24 lakh.

Mahindra Lifespace has associated with HDFC Capital Affordable Real Estate Fund-1, in October last year, for creating Rs.500 crore platform for development of affordable housing projects throughout the country.

In a statement, Mahindra said that the company has launched ‘Happinest-Palghar’, which is the first affordable housing project to be undertaken by the joint platform. Further, this is a 8-acre project and comprises approx 850 apartments, with price range of approx Rs.8-24 lakh.

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