Mahindra Lifespace Developers Limited (MAHLIFE) announces that Mahindra World City Developers Limited (MWCDL) and Mahindra Industrial Park Chennai Limited (MIPCL), both material subsidiaries of the company, executed a Sale Deed on May 28, 2025.
The Sale Deed pertains to the transfer of 8.55 acres of land from MWCDL to MIPCL.
This transfer is for the development of a project, as per the Supplemental Joint Venture Agreement (JVA) dated November 22, 2024.
The company had previously intimated the stock exchanges about the JVA on December 31, 2024.