Mahindra Lifespace forays into affordable housing with ‘Happinest’

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Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development arm of the Mahindra Group, on Tuesday launched its new business vertical focused of affordable housing. Happinest is aimed at families having a current, combined monthly income of Rs.20,000 to Rs.40,000 per month. The first two projects will be launched soon in Chennai and Mumbai Metropolitan Region.

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The Company has also invested in innovations to ensure speedy execution and lower costs for its Happinest projects. It has collaborated extensively with IIT Madras to validate a cost effective and innovative foundation and is using hybrid technology solutions to enable speed. Ready-to-fit components will be used thereby reducing on-site work and quality variation to enable faster delivery to customers. The Building envelope is designed to ensure higher thermal insulation to reduce heat gain, while the window to wall area ratio has been kept to an optimum size for better climate control.

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All Happinest projects will be environment friendly and continue to exemplify the green development philosophy of Mahindra Lifespaces.

The Company has tied up with credit scoring agencies like Inventure and micro home finance companies like Mahindra Finance, Muthoot, MFHC, HFFC, etc, to reach out to the right customers and meet their home finance requirements.

Happinest homes will be launched first with a project in Chennai, followed by MMR.