Realty firm Mahindra Lifespace said its joint venture has acquired land in Thane, Maharashtra, that has a potential to develop a housing project comprising of over 8 lakh sq ft.
In a filing to BSE, the company said Mahindra Happinest Developers Ltd has executed a conveyance deed with the land owners for acquisition of the land parcel which is situated in Mumbai Metropolitan Region at Village Ranjnoli, Taluka Bhiwandi, District Thane having residential development potential of up to 0.84 million sq ft.
Mahindra Happinest Developer is a joint venture between HDFC Capital Affordable Real Estate Fund -1 and a subsidiary of Mahindra Lifespace.
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