Overview

• Mahindra Lifespaces has been chosen as the preferred developer for redeveloping a 3.08-acre premium housing society in Mulund West, Mumbai, with an estimated development value of ₹1,250 crore.
• The site offers excellent connectivity, lying 1.4 km from the upcoming Mumbai Metro Line 5 and 0.8 km from the Goregaon-Mulund Link Road, with direct access to the Eastern Express Highway and Mulund-Airoli Bridge.
• This assignment follows almost ₹5,000 crore in redevelopment projects announced by the company in Mumbai over the past five months.
• Vimalendra Singh, Chief Business Officer, said the redevelopment philosophy focuses on blending design excellence with sustainability and on-time delivery to enhance value for residents.
• The developer plans to exit the affordable housing segment by FY30 to concentrate on mid- and high-end residential offerings.