CHENNAI: After creating a record of sorts in setting up Mahindra World City, the first SEZ at Chengalpet near Chennai, Mahindra group has embarked on yet another dream project. This time, the $6 billion-group plans to build a mega integrated township costing over $1.1 billion within the SEZ in the next five years.

As part of the gameplan, the group's listed real estate and infrastructure subsidiary, Mahindra Lifespace Developers (MLDL) on Monday announced its partnership with Ayala Corporation, Philippines' leading real estate developer through its subsidiary, Mahindra residential developers (MRDL).

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Posted by boyang at April 20, 2008 6:11 PM