Mahindra Lifespaces commences Phase 1 handover at Happinest, Avadi

Chennai, June 10, 2016: Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development arm of the USD 17.8 billion Mahindra Group, today announced that the company has commenced Phase 1 handover of apartments to customers at Happinest,Avadi, its affordable housing project located near Chennai. This is the first handover for its affordable housing brand and an important milestone for the company.

“Happinest, Avadi is one of the fastest selling affordable housing projects in the Chennai micro market, with all 1 BHK apartments in Phase 1 sold out and only a few 2 BHK units available on a‘ready to move in basis’. We have also recently launched Phase 2 of the project, comprising mostly 1 BHK apartments.

Our customers have also appreciated the fact that we have made home ownership more affordable by reducing the cost and time within which our projects are built, while maintaining high quality standards. This, coupled with timely handovers which are on schedule,has become the USP of brand Happinest,” said Sriram Mahadevan, Business Head, Happinest.

“I am very happy to get my home on time, at Happinest, Avadi. It’s a dream come true for me and my family, as we move into our first home,” said Sathish Kumar N, as he and his family took possession of their new home at Happinest, Avadi.

Spread over 13.22 acres, Happinest Avadi will soon be home to more than 1260families. The development consists of 1 and 2 BHK apartments with sizes ranging from 396 sq. ft. to 677 sq. ft., priced from Rs 19 to 24 lakhs onwards (1 BHK regular and 2 BHK).

Happinest is a new initiative by Mahindra Lifespaces, the real estate arm of the Mahindra Group, and has evolved from the company’s vision of providing quality housing at affordable prices to the emerging Indian middle class. Happinest leverages innovative technologies and value engineering approaches to ensure quality and timely construction in a cost effective manner.

Happinest homes are built using the core design philosophy of Mahindra Lifespaces, namely ‘Healthy Living’ and ‘Green Design’. The projects utilize environment-friendly and energy efficient materials which promise healthy living spaces and incorporate rainwater harvesting, optimal use of natural light and CLC blocks, which help conserve resources.Addressing the cultural and social nuances of the target customer’s lifestyle, Happinest homes have focused on creating an enhanced livability experience with balconies and community spaces within projects. Design also takes into account energy conservation while ensuring that these homes are equipped to address the future lifestyle needs of customers with provisions for appliances like air conditioners and washing machines.

Corporate Comm India(CCI Newswire)