Mahindra Lifespace Developers Limited (MLDL), a subsidiary of the Mahindra Group specialising in real estate and infrastructure development, has introduced India’s inaugural Metaverse home-buying experience. This novel offering, known as Bastion at Mahindra Citadel, marks the launch of Phase 2 of the project.
What Does Metaverse Bring?
The announcement was made through a drone display held at the project site in Pimpri-Chinchwad. Over 500 drones illuminated the night sky, showcasing key features of the project, including the ecotone design and home automation capabilities. Prospective buyers can explore their potential future homes prior to making a commitment. Users also have the ability to engage with various elements within these virtual homes and customise the interiors according to their preferences.
Amit Kumar Sinha, MD & CEO of Mahindra Lifespace Developers Ltd, expressed enthusiasm for the launch and its relevance to Pune, which is a significant market for Mahindra Lifespaces. He emphasised Pune’s dynamic real estate environment and its propensity for innovation, underscoring the immersive and interactive nature of the Metaverse experience
Future-Forward
The initiative is a first-of-its-kind where a home-buying experience is brought to a Metaverse, in India. However, it’s not the first time for the Mahindra group to enable business via Metaverse. In 2022, the company announced that it is working on 60 metaverse projects, spanning over projects in ed-tech, retail, automotive dealer management, and others.
Last year, Mahindra also launched a metaverse platform called XUV400Verse for buyers to experience a virtual showroom for their upcoming car XUV400.
In yesterday’s Q2 earnings call, C.P Gurnani, CEO of Tech Mahindra had also emphasised on how the company will continue to innovate and diversify into different vertices.
