Tag Archives: Anita Arjundas

Anita Arjundas resigns as MD of Mahindra Lifespaces

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News Point: Anita Arjundas has resigned as the Managing Director of Mahindra Lifespaces. She is moving on to pursue her passion in the development and social sector. 

Anita Arjundas, Mahindra Lifespaces, Mahindra Happinest, Mahindra World City, Mahindra affordable housing, Best professionals in real estate, Women professionals in real estate, India real estate news, Indian realty news, Real estate news India, Indian property market news,  Track2Realty, Investment in propertyAnita will remain with the Company until September 30, 2018. She joined Mahindra Lifespaces in the year 2002. Of the 16 years she has spent with the Company, the last nine years were as Managing Director of Mahindra Lifespace Developers Ltd.

She was one of the founding members of the team that built Mahindra World City, Chennai and together with Mahindra World City, Jaipur, the Company continues to be a leader in the Integrated Cities business.

A press release by the company says under her leadership, the company embarked on the journey to become a dominant player in the Affordable Housing sector with three highly successful projects under the ‘Happinest’ brand in Avadi (Chennai), Boisar (Mumbai) and Palghar (Mumbai).

She also laid the foundations for Mahindra Lifespaces to expand its presence in the mid-premium residential segment across geographies.

Commenting on her contributions, Anand Mahindra, Chairman, Mahindra Group, said, “Anita has been a strong pillar in the growth of our real estate business. She was the first woman, and youngest Leader to be inducted in the Group Executive Board (GEB). The strong foundation that she laid at Mahindra Lifespaces will help us continue to consolidate our position in the real estate industry.” 

Arun Nanda, Chairman, Mahindra Lifespace Developers Ltd, said, “Anita has firmly established Mahindra Lifespaces as a strong and trusted brand in the real estate industry. She has made a remarkable contribution in putting in place systems, processes and best practices which are comparable to the best in the industry. I want to thank her for her exemplary leadership in growing the Residential segment and being a part of the founding team that built the Integrated Cities and Affordable Housing businesses. I wish her all the best in her new journey.”

“I have been very fortunate to be a part of the Mahindra Group. It has been a great journey, one that I will cherish forever. I am thankful to Mr. Anand Mahindra, Mr. Arun Nanda and the Board for their trust and the opportunity to contribute to the growth of Mahindra Lifespaces. As I move on to another exciting journey, I wish the Mahindra Group, Mahindra Lifespaces and all my colleagues and partners continued success”, saidAnita Arjundas.

Anita has been responsible for setting the strategic direction that has enabled the Mahindra Group’s real estate business to drive sustainable urbanization in India. Under her leadership, the company has a span of over 23 million sq. ft. of completed, ongoing and forthcoming residential projects.

The Company has over 10,000 customers and 17 projects. One of her significant contributions has been in forging strategic partnerships with marquee companies including Standard Chartered, HDFC, Sumitomo Corporation and IFC, which have helped in expansion and provided access to capital, which has fueled the growth of the company.

The successful QIP of 600 crores in 2006 and the Rights Issue of 300 crores in 2017, ensured that the Company maintain a healthy balance sheet. Anita is a well-recognized business leader in the industry and has been named among the 50 Most Powerful Women in Business by Fortune India for the past five years.

The company has a robust succession plan in place, under which Ms. Sangeeta Prasad was designated as CEO of Mahindra Lifespaces in April 2018. Mr. Nanda and the Board of Director will ensure a seamless transition.

Mahindra Lifespaces launches its industrial clusters brand ORIGINS

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News Point: First two projects in North Chennai and Ahmedabad, with an estimated investment of INR 600 crores.

Mahindra Lifespaces, Corporate Real Estate Developers, TERI, India real estate news, Sustainable Urban Development, India property market, Track2Realty, Green BuildingsMahindra Lifespace Developers has introduced, its new brand of industrial clusters located across India.  ‘ORIGINS by Mahindra World City’ envisions accelerated economic growth via world-class industrial ecosystems that will attract investment in manufacturing, and promote ‘Make in India’.

These developments will address the growing need for sustainable industrial infrastructure to provide impetus to India’s rising prowess as a global manufacturing and investment destination.

The first project is coming up in North Chennai with a Phase 1 development of 264 acres, a joint venture between Mahindra World City Developers Limited and Sumitomo Corporation of Japan.

The second project is located near Ahmedabad, with a Phase 1 development of 268 acres, and is being developed along with International Finance Corporation (IFC) as a strategic partner.

Together, these industrial clusters are expected to create direct employment for around 20000 persons and will target companies across the engineering, medical equipment, food processing and logistics sectors, amongst others.

Arun Nanda, Chairman, Mahindra Lifespace Developers Ltd., said, “With India expected to emerge among the top five manufacturing countries globally, sustainable and future-ready business ecosystems will act as a gamechanger for inclusive growth, job creation and productivity enhancement. ORIGINS by Mahindra World City embodies the Mahindra Group’s vision to create world-class urban infrastructure in India.” 

ORIGINS by Mahindra World City comprises industrial clusters of international standards, spanning 250 – 600 acres, and located in high growth corridors across India.

These industrial clusters will enable faster go-to-market for both domestic and global companies by way of clear land titles; plug-and-play infrastructure; in-house expertise in operations and security; and a range of business support services such as warehousing, logistics, banks, food courts, etc.  Customers will benefit from a hassle-free environment and value-added services such as fulfilment centres, industrial kitchens and industrial waste management.

Moreover, the presence of world-class companies, co-located with supporting commercial and residential developments, and skill development centres will serve to attract talent.

In line with Mahindra Lifespaces’ focus on sustainable urban development, they will also incorporate environment-friendly, smart elements; these encompass solutions in the areas of water and waste management, energy efficiency, security, etc.

Anita Arjundas, Managing Director, Mahindra Lifespace Developers Ltd., added, “ORIGINS by Mahindra World City is born out of our vision to develop a pan-India network of robust manufacturing ecosystems, where businesses can thrive.  These industrial clusters will support the shift towards development beyond current urban centres, while making available a holistic environment conducive to accelerated business growth.” 

These industrial clusters take forward the Mahindra World City vision in India.  Built on the ethos of ‘Livelihood, Living and Life’, the pioneering Mahindra World City developments in Chennai and Jaipur together span nearly 4500 acres; house 150 global and domestic companies that have created direct employment for over 45,000 persons; have generated exports exceeding USD 1.75 billion annually; and boost the economic and social development of neighbouring towns and villages.