Mahindra World City, Chennai Strengthens It Focus On Destination Creation
Concept of Mahindra World City
Mahindra Group pioneered the concept of Sustainable Urban communities through Mahindra World Cities. These Cities are economic nerve-centres located away from the main hubs with a focus on economic growth and development. Conceived with the vision of nation building, the World Cities endeavour to transform the landscape of urban development in India. The World Cities attract the best corporates with its emphasis on economic development and employment generation by creating infrastructure of global standards. In addition, the creation of Residential and Social Infrastructure catalyses a self-fulfilling ecosystem.
Presently operational at two key destinations - Chennai and Jaipur Mahindra World City's business dossier boasts over 100 customers from the US, Europe and Asia, including such corporate giants as BMW, B Braun, Deutsche Bank, ICICI Bank, Fujitec, Infosys, TSMT TECHNOLOGY (INDIA) PRIVATE LIMITED, Lear Corporation, JCB, Timken Bearings, State Bank of India and Tesa Tapes among others. The two operational World Cities have generated employment for over 36,000 persons and generated exports worth ~ Rs 6,700 crores in FY 2012 - 13.
Mahindra World City, Chennai
Mahindra World City, Chennai, India’s first integrated City is a business eco-system, carefully integrated to function with efficiency. Mahindra World City, Chennai has today become a landmark on India’s business map and hosts corporate giants from across the world. The City has transformed into a bustling Industrial hub with over 62 global companies, 33,000 persons employed, annual exports in excess of US$1 bn (FY 2013).
Mahindra World City is jointly promoted in a public Private Partnership by the Mahindra group and TIDCO (Tamil Nadu Industrial Development Corporation), a Government of Tamil Nadu undertaking, Mahindra World City, Chennai.
"Mahindra World City, Chennai focused its efforts on economic development and job creation by driving industrial growth. We have attracted some of the best companies from across the world. As we move in to the next phase, our focus is on the development of residential, social and retail infrastructure to make the City more vibrant and liveable. This is a very important aspect and critical to the growth of the City" says Mr. S. Chandru, COO, Mahindra World City Developers Ltd.
Master planned for a community of 6000 homes at Mahindra World City, Chennai, 1500 homes are under development which is expected to be completed and occupied in phases over the next 3 years. The Mahindra World School, which is operational till Class XII, has over 500 students. A Commercial Centre with facilities including a medical centre and Pharmacy, Super market, Banks and ATMs, Beauty Parlour, Food Court and restaurants ispart of the retail offering within MWC.
A 30 bed hospital, a four-star 140-room Holiday Inn Express, a club with Sports facilities are under development and will be operational over the current/next year. The plan for establishment of a second school, hostel, multiplex and mall in the medium term will add to the social and retail infrastructure within MWC and will make it a truly integrated city.
"An important aspect is to create the soul of the City, which is the underlying thread that connects the community. While we strengthen the hardware through retail/social developments, it's the softer aspects – the soul which binds people together and creates the pull factor. We have dedicated this decade to building that soul for the City. I am delighted to see that we are reaching out with our various events like the coming Marathon and other cultural/ recreation events and wish the team all success." says Ms Sangeeta Prasad, CEO, Integrated Cities and Industrial Clusters Business, Mahindra Lifespace Developers Ltd.
Mahindra Word City has commenced several initiatives in the realm of Music, Sports, Quizzing etc and these have been co-created with the customers within Mahindra World City. Some of the Community Building initiatives include:
- Mindquest - The Annual Mahindra World City Quiz. Second edition completed in Feb 2013
- Mahindra World City Marathon - in aid of the Nanhi Kali Foundation
- Champions trophy - The Annual Intercompany sports tournament
- Regular performances from noted musicians and performers
Ms Prasad concludes by saying that "we can see our vision of building a sustainable ecosystem coming to fruition here and in Jaipur and are confident we can extend our footprint elsewhere"
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 Indian 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:
Chief Group Communications Officer
Mahindra & Mahindra Ltd.
Phone: +91 22 2490 1441