The real estate and infrastructure development division of the Mahindra Group, Mahindra Lifespace Developers Limited (MLDL), today announced a partnership with Axis Bank, one of the biggest private sector banks in India. All Mahindra Lifespaces clients can now obtain house loans at competitive interest rates, which are 0.25% lower than the going rates, thanks to this agreement.
With a focus on the fundamental principles of this partnership, there will be less paperwork involved in the loan application and disbursement process, reducing wasteful paper use and ensuring effective document management.
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Vimalendra Singh, Chief Business Officer (Residential) – West, Mahindra Lifespace Developers Ltd. said, “We believe our partnership with Axis Bank will incentivise our customers to choose eco-friendly buildings, and reduce their carbon footprint while enjoying favorable interest rates. This also underscores our steadfast commitment to promoting sustainable development. As developers with a 100% green portfolio, and a standing commitment to build only Net-Zero homes from 2030, we fervently advocate environmental responsibility. Both our brands and their unwavering dedication to forging a brighter world for future generations, will deliver enhanced value to our customers.”
By this collaboration, the two organisations hope to inspire clients to select environmentally friendly housing options and incorporate eco-friendly habits into their daily lives. With its business operations, Mahindra Lifespaces is devoted to advancing sustainability, creating a positive environmental effect, and empowering customers to create their lives more meaningfully—all while providing value through creative policy and product designs.
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Sumit Bali, Group Executive and Head, Retail Banking, said, “With growing awareness, customers have become more conscious about the eco-system and are actively seeking financial solutions to reduce carbon footprint in their day-to-day lives. We are excited to partner with Mahindra Lifespaces, with whom we share a common vision of ushering customers towards an environment friendly lifestyle. By integrating innovative, eco-conscious practices, the two organisations are actively encouraging customers to embrace green homes with loans provided by Axis bank to build their dream abode and, contribute to a greener planet ’’
Together with Mahindra Lifespaces, Axis Bank is promoting responsible home ownership and building a future where sound financial management and sustainability go hand in hand. By encouraging consumers to make thoughtful decisions that benefit both their families and the environment, this project aims to pave the path for a better and more environmentally friendly tomorrow.
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About Mahindra Lifespace Developers Ltd
Mahindra Lifespace Developers Ltd., also known as “Mahindra Lifespaces,” was founded in 1994 and uses vibrant residential communities and supportive business ecosystems to bring the “Rise” ideology of the Mahindra Group to India’s real estate and infrastructure sectors. The Company’s development footprint includes over 5000 acres of ongoing and upcoming projects under development / management at its integrated developments / industrial clusters across four locations, and 34.46 million sq. ft. of completed, ongoing, and forthcoming residential projects across seven Indian cities.
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About Mahindra
Founded in 1945, the Mahindra Group is one of the largest and most admired multinational federation of companies with 260,000 employees in over 100 countries. It enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India and is the world’s largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate.
