Actually, the SEZ projects undertaken by Mahindra Lifespaces addresses most of these urban development concerns! In Tamil Nadu MahLife has put up the SEZs with all the necessary infrastructure and after the companies have put down roots, the company is exploiting land on the periphery of the SEZs for residential purposes. There are plenty of short-term worries of course. For instance companies like Ford have huge manufacturing capacities at the Chennai SEZ.

The IT SEZ could take a hit in the short-term as well. No wonder, management is wary of callling these projects as SEZs. These facilities are being promoted as integrated infrastructural facilities for manufacturing, IT, etc. 

For a long term investors, the stock has fallen to attractive levels.

Low debt is one of the attractions of the company. Moreover supply of land is assured since SEZ projects are undertaken in partnership with state governments.

I believe this is one of the 'safest' companies if you want to invest in Real Estate.  What differentiaites it from others is strong and clean management( which becomes even more important after Satyam fiasco) and perhaps the only one with an Operational SEZ.   They first created jobs via SEZ and after that only went on to realize further value by building residential units....that's actually thier philosphy and i like it... The low debt level ensures this company will definitely survive and continue to grow.   I also think that the current emphasis on low cost housing of goverment is also a positive for MLL as it being present in some good Tier2 cities.  I am not saying that it will not see slowdown, but it is one of the companies which can best manage it.

Originally posted by bharti I quoted Arun Nanda in previous append.  I just found the link:   http://www.livemint.com/2008/11/17165104/No-slowdown-in-real-estate-pro.html

Bharti, could you please post the contents of the livemint piece? I'm having trouble getting it to open.

Thanks!