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In a bid to boost energy-efficient real estate in India, Mahindra Lifespace Developers and TERI on 12 June 2018 announced the launch of a Centre of Excellence (CoE). A research facility, the CoE will aim at developing market-ready and energy-efficient technologies. It will also work towards preparing policy briefs for the Centre and state ministries to promote 'green' development. "India has the opportunity to be the world's largest laboratory for doing things differently be it the future of urbanisation, or mobility, or climate change. The Mahindra-TERI CoE embodies our focus on sustainability beyond just business, towards creating a larger urban stakeholder ecosystem that can power a transformative 'green shift' across India's cities and towns," said Mr Anand Mahindra, Chairman, Mahindra Group.