Mahindra World City Celebrates A Decade Of Transformation
21st September, 2011; Chennai: Mahindra World City, Chennai marks a momentous milestone in its evolution, as it ushers in the 10th year of a decade of transformation.
Inaugurated on the 21st of Sept 2002 by the Hon’ble Chief Minister of Tamil Nadu, Ms J. Jayalalitha, Mahindra World City has today become a preferred destination for global companies to set up their businesses, a coveted residential address and an emerging lifestyle and recreational hub.
Mahindra World City has received industry recognition as a trend setting and innovative destination and has won several awards over the years from international and Indian associations including the American Society of Landscape Architects (ASLA), Ministry of Commerce (Govt. of India), World Free Zone Convention and Cityscape. It has been adjudged as the In tegrated Business City of the Year this year by a leading realty publication.
"As we celebrate our first 10 years, the renaissance of Mahindra World City continues. We pioneered the concept of Integrated Business Cities in this country and continue to lead the way by attracting the best in business from across the world and offer them world - class product and services. I can't wait to see what the next ten years hold." – Mr. N. Vaghul, Chairman, Mahindra World City Developers Limited.
"It is a moment of great pride for all of us at Mahindra World City to celebrate this landmark achievement as we enter our tenth year. Mahindra World City, New Chennai has been instrumental in changing the face of the State by attracting the best in Class Companies and also creating an eco - system which is having a positive impact on the Economic and Social development on the NH45 corridor" said Mr. Arun Nanda, Vice - Chairman, Mahindra World City Developers Limited.
The 10th year milestone will see a series of cultural events being showcased under the Rejoice@MahindraWorld City banner bringing in a diversity of music, urban planning, theatre, and dance at regular intervals during the year as part of a focus on community building.
About Mahindra Word City Developers Ltd.
Mahindra World City Developers Ltd (MWCDL) is a PPP between the US$ 16.2 bn Mahindra Group and TIDCO (a Govt. of Tamil Nadu undertaking). Mahindra World City is an Integrated Business City and is fulfilling its endeavour of creating a "Sustainable Urban Community". The City has distinct zones for Industrial (SEZs & DTA), Residential, Social, Retail and Commercial. 62 global companies including BMW, Infosys, Depuy Synthes Institute, Fujitec, NTN Corporation, Lear Corporation, TVS Group of companies and Ingersoll Rand, have set up their facilities within Mahindra World City. The Residential/Social Zone master planned for 6000 homes is co - located in close proximity to the Industrial Zone with varied social amenities built into the master plan comprising residential units, school, hospital, business hotel, hostel, multiplex, retail malls, recreation and leisure facilities. Mahindra World City has involved itself, with the support of NGOs, in skill up - gradation and employability training, Over 3000 village youth from the neighbouring communities have received relevant training.
Visit us at www.mahindrawordcity.com
About Mahindra Lifespace Developers Ltd.
Mahindra Lifespace Developers Ltd., the real estate and infrastructure development business of the $16.2 billion Mahindra Group, is a leader in sustainable urban development, through the creation of residential and integrated large format developments across nine In dian cities - Mumbai, Pune, Nagpur, Gurgaon, Faridabad, Jaipur, Chennai, Hyderabad and Bangalore. The Company's residential & commercial development footprint includes over 0.8 million sqm (8.3 million sq ft) of completed projects and over1.0 million sqm (11.3 million sq ft) of ongoing and forthcoming projects.
Mahindra Lifespaces has pioneered the concept of an integrated business city through 'Mahindra World City' developments in Chennai and Jaipur. These developments cover 1862 hectares (4,600 acres) and house over 100 reputed global companies, providing an integrated environment for Life, Living and Livelihood. The Company's 'Green' homes, pan - India presence, and the development of successful integrated cities have all contributed to Mahindra Lifespaces being recognized as a developer with a pioneering spirit. Mahindra Lifespaces is the first real estate company in India to release its triple bottom - line focused Sustainability Report that is based on the Global Reporting Initiative (GRI) framework and received an A+ rating indicating the highest levels of disclosure and transparency.
Visit us at www.mahindralifespaces.com
The Mahindra Group focuses on enabling people to rise through solutions that power mobility, drive rural prosperity, enhance urban lifestyles and increase business efficiency.
A USD 16.7 billion multinational group based in Mumbai, India, Mahindra employs more than 180,000 people in over 100 countries. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, after - market, information technology and vacation ownership. In addition, Mahindra enjoys a strong presence in the agribusiness, aerospace, components, consulting services, defence, energy, financial services, industrial equipment, logistics, real estate, retail, steel, commercial vehicles and two wheeler industries.
In 2012, Mahindra featured on the Forbes Global 2000 list, a listing of the biggest and most powerful listed companies in the world. In 2013, the Mahindra Group received the Financial Times 'Boldness in Business' Award in the 'Emerging Markets' category.
Visit us at www.mahindra.com
For further enquiries please contact:
Senior Vice President – Group Communications
Mahindra & Mahindra Ltd.
Phone: +91 22 2490 1441