Mahindra Lifespace Developers Ltd. (MLDL), the real estate and infrastructure development arm of Mahindra Group, through its subsidiary, Deep Mangal Developers Private Ltd, has signed an agreement with Maharashtra government for the development of a world-class tourist destination at Murud, in Raigad, 150 km from Mumbai.
The project will come up on a 1,300 acre land and is aimed at promoting health, wellness, adventure and heritage to attract foreign tourists.
Mahindra is expected to invest ₹500 crore in this project, which will be developed under the Government of Maharashtra’s tourism policy.
Economic contribution
Chief Minister Devendra Fadnavis said, “Tourism has the potential to significantly improve the lives of local communities, contribute to economic growth and attract investments.”
Anand Mahindra, chairman, Mahindra Group, said, “At Mahindra we always strive to drive positive change through our businesses. This new initiative will help put Murud firmly on the global tourism map. It will also catalyse the growth of the local tourism industry, creating new jobs and business opportunities along the way.”
Historical importance
Located in the scenic Konkan belt, Murud is a place of historical importance, well-known for the sea-fort of Murud-Janjira.
It also boasts of expansive natural beauty including pristine beaches like Kashid and Murud and the Garambi waterfalls. This makes it an ideal location of international attraction.
