Mahindra Lifespaces Development sells 9.24 acre of land to Urban Rise

31 Mar 2023 CW Team

The Mahindra Group's real estate and infrastructure development company, Mahindra Lifespaces Developers (MLDL), has sold Urban Rise, Alliance Group, 9.24 acre of residential land.

The site is a part of Chennai's Mahindra World City (MWC), and Alliance Group will handle the development. The cost of an acre of land in Chengalpattu ranges from Rs 35 million to Rs 50 million.

MWC Chennai is an integrated city with a vibrant industrial zone paired with social amenities like a school, a hospital, a retail zone, numerous hotels, and a premium club.

The proposed construction will increase MWC Chennai's product options and enhance the value of this integrated metropolis.

The project will be constructed under Alliance Group's Urban Rise brand and is on a permanent lease.

The proposed project will enhance the current residential and business options in Mahindra World City. 2500 families have already moved into MWC Chennai's multi-format residential alternatives, which range from the value to the premium category.

Also read:
NBCC inks MoU to help in cons. of 1 lakh housing units
Runwal Group invests Rs 45 billion in commercial real estate

Real Estate

06 Feb 2026

IGBC Green Karnataka Summit 2026 Highlights State’s Green Leadership

The CII Indian Green Building Council (IGBC) hosted the first IGBC Green Karnataka Summit 2026 in Bengaluru, bringing together government leaders, urban planners, developers, architects and industry stakeholders to deliberate on “Advancing Sustainability vis-à-vis Climate Resilience in Urban Built Karnataka”.Karnataka currently has 1,539 registered green building projects accounting for a cumulative 1.13 billion sq ft of certified green building footprint, ranking third in India by number of buildings adopting IGBC Green Building Ratings. The summit reinforced a collective shift from inte..

MIC Electronics Bags First PAPIS Order from RCF Kapurthala

MIC Electronics has received a Letter of Acceptance (LoA) from Rail Coach Factory (RCF), Kapurthala, for its first order in the Passenger Announcement and Passenger Information System (PAPIS) segment, marking a new addition to the company’s railway electronics portfolio.The order was awarded following successful evaluation of the company’s bid by the competent authority. MIC Electronics said the scope of work will be executed in line with the agreed rate structure, delivery schedules, inspection requirements, warranty provisions and other standard terms and conditions prescribed by RCF.Com..

Prozo Opens 1.5 Lakh Sq Ft Multi-Client Fulfilment Hub

Prozo has launched its largest multi-client fulfilment hub, a 1.5 lakh sq ft enterprise-grade facility at Horizon Industrial Parks, Gurugram, Haryana, strengthening its expanding national warehousing network. The new site is Prozo’s sixth multi-client facility in Haryana and eleventh in Northern India, within a network of over 50 fulfilment centres spanning 3 million sq ft.Designed as a model warehouse for North India, the facility combines high-specification infrastructure with Prozo’s proprietary technology stack to support complex and high-volume operations for enterprise, retail and D2..