Mahindra Lifespaces expands Tamil Nadu industrial project in partnership with Sumitomo

Mahindra Lifespace Developers Limited, a key player in India‘s real estate and infrastructure development sector, has announced the second phase of its industrial park project in Tamil Nadu. The project, branded “Origins by Mahindra,” is a joint venture with Sumitomo Corporation of Japan. This significant development aims to enhance the industrial ecosystem in the region through advanced infrastructure and land acquisition.

The partnership between Mahindra Lifespaces and Sumitomo Corporation dates back to 2015, when a joint venture agreement was initially signed. To reinforce this collaboration, both companies have entered a supplemental agreement involving an investment of approximately ₹225 crores. The funding will be deployed proportionally to their existing shareholding in Mahindra Industrial Park Chennai Limited (MIPCL). This marks a major milestone for the industrial clusters business and reflects the companies’ shared vision for economic growth.

According to Amit Kumar Sinha, Managing Director and CEO of Mahindra Lifespace Developers, the collaboration underscores their commitment to fostering business-friendly ecosystems that promote economic and industrial development in a sustainable manner.

The existing industrial park under MIPCL currently spans 307 acres and serves as a hub for both global and domestic enterprises. It has already established itself as a vital player in supporting Tamil Nadu’s industrial growth by providing world-class infrastructure. The upcoming expansion is expected to further solidify its role in attracting investment and boosting regional economic activity.

Sustainability and innovation at the core

Mahindra Lifespaces has been a pioneer in the real estate sector, focusing on environmental responsibility and sustainability. The company has introduced Net Zero homes in India and is committed to developing only Net Zero homes starting in 2030. It also aims to achieve carbon neutrality by 2040. With a development footprint spanning 38.49 million sq. ft. of residential and industrial projects across several cities in India, Mahindra Lifespaces has become synonymous with innovation and thoughtful design.

The “Origins by Mahindra” brand exemplifies this commitment by integrating cutting-edge design with sustainable practices. The new phase in Tamil Nadu aims to provide businesses with advanced facilities while minimizing environmental impact.

Joint contribution to India’s industrial landscape

Founded in 1945, the Mahindra Group has established itself as a leading multinational conglomerate with expertise in diverse sectors, including real estate, renewable energy, and logistics. Sumitomo Corporation, a global trading giant, brings its vast experience and technological expertise to the partnership. Together, the companies are leveraging their strengths to create a robust industrial ecosystem in India.

The expansion of the industrial park comes at a crucial time when Tamil Nadu is positioning itself as a manufacturing and industrial hub. With strategic investments and collaborations like this, the state is poised to attract substantial foreign and domestic investment, contributing to India’s industrial growth story.