Sustainable Urbanization by Mahindra Lifespaces

Mahindra Lifespaces is India's first green-homes developer. Mahindra Lifespace Developers Ltd has a footprint of over 8.3 million sq. ft. of completed projects and over 11.3 million sq. ft. of ongoing and forthcoming projects. The company has pioneered the concept of an integrated business city through 'Mahindra World City' developments in Chennai and Jaipur. End Quote

(1888PressRelease) May 20, 2015 - Urbanization is often called the bane of sustainability. With urban areas consuming 75% of the world's natural resources and discharging an equal amount of waste, it seems justified. Add to it, the fact that rapid influx of migrants has strained city resources with millions of urban residents living without even the most basic services such as water, electricity and sewerage, and the argument is sealed. The largest opportunities lurk beneath what seem like insurmountable challenges.

Mahindra Lifespaces ( http://www.mahindralifespaces.com/ ) looks at increasing density as an advantage. Diverse talent congregates in urban centers which in turn facilitates social, economic, and environmental innovations. Energy efficiency, technological innovation, equity in access, exchange of value, creation of wealth and environmental protection - all represent opportunities to get things right and set new urban standards.

Sustainable urbanisation is possible and there already exist functioning examples which stand testimony to this fact. It requires integration, coordination and investment to tackle land-use issues, food security, employment creation, transportation, infrastructure development, biodiversity conservation, water conservation, renewable energy sourcing, waste and recycling management, and the provision of education, healthcare and housing. So urbanisation due to its massive impact is a double-edged sword.

Mahindra Lifespaces has always believed in pioneering new approaches and business models of sustainable urbanisation, be it responsibly planned integrated cities or green residential developments and now with the foray in affordable housing MLDL looks forward to make quality housing accessible to a wider cross section of people.

As a part of Green Supply Chain Management initiative Mahindra Lifespaces had conducted Suppliers and contractors meet for 3 regions (West, North, South) including key suppliers and contractors for MLDL projects as well as MWC's. MWC had over 200+ companies participating the event and during the meet we also launched sustainability projects to have a long term engagement with them as a part of our Sustainability Roadmap target 2020.

For Mahindra World City Chennai, the World Resources Institute (WRI) has signed up a MoU to develop Green power procurement model. It has potential to replace close to 100 MW of fossil fuel based electricity and reduce 1,50,000 tCO2 emissions. This is novel and not tested in Indian or International markets.

Mahindra Lifespaces continued the journey by getting awarded with Platinum Pre-certification for the newly launched project during the year 'The Serene, Alibaug' under IGBC Green Homes Rating System and journey is not just restricted to the residential development, but large formats of Mahindra World city Jaipur also got awarded with Gold Pre-certification under SEZ Rating system.

Also, Mahindra Lifespaces have been announced as the "Regional Sector Leader for the 2014 GRESB Survey for Asia/Diversified/Small Cap". The recognition will help the company to establish and promote thought leadership on Sustainability and CII-ITC Sustainability Awards 2014- Commendation for Significant Achievement. The CII Centre of Excellence for Sustainable Development applauded the companies for their outstanding achievements and commitment to shaping a future that is more sustainable and inclusive

Mahindra Lifespaces ( http://www.mahindralifespaces.com )has a footprint of over 7.70 million sq.ft. of completed projects and over 11.3 million sq.ft. of ongoing and forthcoming projects in the residential segment across India. The fact that the economy and ecology share a symbiotic relationship is evident as exports from the MWCs continued to grow.

###

Visit Mahindra Lifespaces Website

space