Serene Properties Pvt. Ltd. (SPPL) backed by the K Raheja Corp Group was incorporated in the year 2003 with the objective of real estate development, construction, market, and operation and leasing of I.T. Parks.
SPPL is notified as a ‘Developer of SEZ’ by the Ministry of Commerce and Industry (Department of Commerce), Govt. of India Notification No. S.O. 1876 (E) dated 2 Nov, 2007 for developing an IT/ITES SEZ over an area of 50 acres at Airoli (Mindspace), Navi Mumbai. The total estimated area of the project is about 5.6 mn. sq. ft. spanning 14 buildings.
The administration of efficient power-supply services and bringing an end to the monopoly of local bodies, SPPL approached Hon’ble MERC for issuing specific conditions for supplying power to Mindspace SEZ. Hon’ble MERC issued Specific Conditions on 21st August 2013 and post the process of transmission connectivity and necessary changes in electrical infrastructure, SPPL started its power distribution operations on 00.00 hrs of 9th April 2015.