Mahindra Lifespaces Achieves over ₹800 Cr Sales in Three Days at Mahindra Vista 

Delhi, February 22, 2024: Mahindra Lifespace Developers Ltd., the real estate and infrastructure development arm of the Mahindra Group, on Thursday announced the successful sales of India’s first Net Zero Waste + Energy residential project, Mahindra Vista, located in Kandivali East, Mumbai. Following its recent launch, the project has sold over ₹800 Crore worth of inventory within three days, claims a press release issued by the company. 

The project derives 100% of its power supply from renewable energy sources and is expected to save ~18 Lakh kWh of energy through active and passive energy conservation methods, which is equivalent to powering 212 homes. It is also expected to divert ~8 Lakh kg of waste away from landfills, which is equivalent to ~786 trucks of waste. The project will also deploy water conservation measures such as low-flow fixtures, treating and reusing sewage wastewater, efficient irrigation system etc., that will save 53% of water from external sources. Additionally, the development includes a dense urban forest that enriches the local biodiversity with over 1,000 indigenous trees. 

Vimalendra Singh, Chief Business Officer (Residential) – West, Mahindra Lifespace Developers Limited said, “We are delighted with the success of Mahindra Vista and the growing preference for sustainable living among our customers in Mumbai. This achievement highlights increasing awareness and desire among homebuyers to contribute to a greener future. As a city, Mumbai emits ~23 million tons of CO2 annually. We recognize the urgency to address climate change and the role buildings play in carbon emissions. As part of our journey to Mahindra Group’s 2040 carbon neutrality goals, we continue working towards our pledge of only Net Zero buildings from the year 2030. Mahindra Vista marks a significant step in our journey towards a more sustainable and environmentally responsible future.”

Mahindra Vista is spread across a 7.74-acres with residences ranging from 1 BHK to 4 BHK. This launch is the phase 1 of the project, containing 3 towers, with a total of 601 units in various typologies.