Mahindra Lifespace Developers Ltd (MLDL) along with B.E. Billimoria & Co Ltd. (BEBL) has jointly won the bid to develop a 25-acre residential project in Nagpur. The project consists of 2.74 million sq. ft. of development of which 1.6 million sq. ft. of built-up area is to be developed in the first phase. The total investment in the project will be about Rs. 500 crore over a period of five years.