Mahindra Lifespaces bags ₹1,250 crore Mulund redevelopment
Mahindra Lifespaces Developers Ltd has been appointed as the preferred developer for a major society redevelopment project in Mulund West, Mumbai. Spread across 3.08 acres, the project carries an estimated gross development value (GDV) of around ₹1,250 crore, reinforcing Mahindra’s growing presence in Mumbai’s redevelopment market.
Key facts
- Location: Mulund West, Mumbai – 3.08-acre redevelopment site.
- Connectivity: 1.4 km from upcoming Metro Line 5, 0.8 km from Goregaon–Mulund Link Road, direct access to Eastern Express Highway and Mulund–Airoli Bridge.
- Estimated GDV: ≈ ₹1,250 crore.
- Developer’s focus: Sustainability, design excellence, and timely delivery.
- Significance: Adds to Mahindra’s ₹5,000 crore redevelopment pipeline in Mumbai.
Why this matters
With land scarcity in Mumbai, redevelopment has become the city’s growth engine. This project underscores Mahindra Lifespaces’ ability to reimagine older societies into modern, sustainable living spaces while boosting housing supply in a high-demand corridor.
Strategic importance
Mulund’s location offers unmatched connectivity to Thane, Navi Mumbai, and South Mumbai, making it a preferred hub for homebuyers. The project will not only provide modern residences but also enhance infrastructure around the area.
Developer’s vision
Vimalendra Singh, Chief Business Officer – Residential at Mahindra Lifespaces, highlighted that the project will blend thoughtful design with sustainability while delivering homes on schedule — setting benchmarks for urban redevelopment in Mumbai.
Disclaimer
All details are based on publicly available reports and are subject to change pending statutory approvals, RERA registration, and the developer’s final disclosures. Pricing, configurations, and timelines are indicative.
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Sources: Economic Times, Business Standard