Mahindra Lifespaces Developers is planning to venture into affordable housing segment in India.

The company is likely to develop these projects in cities like Mumbai and Chennai. It has already purchased land in Mumbai and Chennai. It will start work on the projects wherever it gets the approvals first. However, the company did not disclose the investment details of the proposed venture.

Meanwhile, the company has released its triple bottom-line focused Sustainability Report, based on the Global Reporting Initiative (GRI) guidelines. The report has been assessed at A+ as per the GRI - G3 guidelines, indicating the highest level of transparency and voluntary disclosure.

Mahindra Lifespaces is the first company in the Real Estate Sector in India to publish a GRI compliant Sustainability Report. The first standalone Sustainability Report explores how Mahindra Lifespaces’ defines and implements its strategy, identifies material issues and addresses its responsibilities not only to all stakeholders but more importantly to the environment. It highlights the Company’s economic, environmental, social and governance performance across all aspects of the business and organization.