"We have exited two cities completely, Nagpur and Hyderabad, and we are holding back any investment in Delhi-NCR right now," said Amit Kumar Sinha, managing director and chief executive at Mahindra Lifespace. Location and price points matter as the company is focusing on sustainable living and net zero buildings, he said.
Sinha told Mint that success in Mumbai doesn't easily translate to other parts of the country. "Approvals, construction need a lot of local understanding of players, contractors, etc. So I want to consolidate our market position in three cities," he said.
This story is from the December 24, 2024 edition of Mint New Delhi.
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This story is from the December 24, 2024 edition of Mint New Delhi.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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