Mahindra Group: Eyes low cost homes

The real estate and infrastructure company of the above $ 1,100 crore Mahindra group, Mahindra Lifespace Developers, has kept low cost housing under its radar and is in the process of acquiring appropriate technology to make a grand entry into this segment.
Mr. Anita Arjundas, MD, Mahindra Lifespace Developers said, ''Our Company exploring possibility of entering into affordable home segment. One can't succeed in this business by constructing 600 homes. You need to build 10,000 homes a year. We are looking at that kind of size"


Mr. Arun Nanda, Chairman, Mahindra Lifespace Developers said, ''Affordable homes requires scale. We need to look at the process. We need to find the appropriate technology to build such homes under tight budget" 
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