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The construction of the first phase of Pune Metropolitan Region Development Authority’s (PMRDA) Hinjewadi-Shivajinagar Metro Line 3 in Hinjewadi has given the project momentum. Between proposed stations 01 and 02 on the 23-km elevated Hinjewadi-Shivajinagar metro section, the segment, weighing 46 tonnes, was lifted and constructed at a height of 11 metres.
Suhas Diwase, commissioner of PMRDA, stated that the stretch is essential to the Metro rail since it serves as the foundation for train track. Each segment is cast alongside the one before it in a unique customizable casting machine, ensuring that the interface between the two segments will match perfectly when the structure is assembled. The authority feels confident following the achievement of a significant milestone in the first segment’s launch.
Arun Nanda Retires from the Mahindra Lifespace Board
Arun Nanda, a prominent figure in the Indian business landscape and a key architect of Mahindra Lifespace Developers Ltd. (MLDL), has announced his retirement from the company’s board of directors. This marks the end of an era for MLDL.
a leading real estate and infrastructure development company under the Mahindra Group umbrella. Nanda’s departure from the board follows a distinguished career at the helm of the company, where his leadership and strategic vision played a pivotal role in shaping the trajectory of Mahindra Lifespace.
A Journey of Leadership and Vision
Arun Nanda’s journey with Mahindra Lifespace began in 1997 when he took on the role of Executive Director at the company, then a relatively small player in the Indian real estate industry. His keen insights into the real estate market, coupled with his ability to foster partnerships and build strong teams.
laid the foundation for the company’s future success. As a part of the Mahindra Group, MLDL benefited from Nanda’s commitment to quality, innovation, and customer satisfaction, values that are core to the Mahindra ethos.
Throughout his tenure, Nanda was instrumental in steering Mahindra Lifespace through a series of strategic ventures that helped the company diversify and expand its portfolio across residential, commercial, and mixed-use developments.
Under his leadership, Mahindra Lifespace became synonymous with high-quality urban living spaces and sustainable real estate solutions. His focus on creating integrated, community-driven projects brought about the rise of some of the company’s most successful developments, including the Mahindra Lifespace projects in key metropolitan cities such as Mumbai, Pune, and Bengaluru.
Contributions to the Company’s Growth
Arun Nanda’s most significant contribution to Mahindra Lifespace was his role in spearheading the company’s long-term strategic initiatives, which led to its emergence as a leader in the Indian real estate sector. One of his landmark achievements was the successful launch and expansion of the Mahindra World City (MWC) initiative.
Mahindra World City is an integrated business and residential development that combines industrial, residential, commercial, and social infrastructure in a sustainable manner. The project was designed to create a world-class business ecosystem, and it proved to be a game-changer for the company, positioning Mahindra Lifespace as a frontrunner in the creation of integrated smart cities in India.
In addition to Mahindra World City, Nanda played a critical role in expanding Mahindra Lifespace’s residential portfolio. His focus on creating townships that blended modern living with sustainability led to the development of numerous projects that set to new standards for real estate in India.
By promoting green buildings and eco-friendly living environments, Nanda ensured that Mahindra Lifespace remained ahead of the curve in terms of meeting the growing demand for sustainable and innovative housing solutions.
Group Media Publication
Construction, Infrastructure and Mining
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