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Mahindra Lifespaces Named Preferred Developer for ₹1,250 Crore Mulund West Project

The deal underscores the developer’s strategic shift to premium housing after announcing almost ₹5,000 crore in Mumbai redevelopments in recent months.

Mumbai real estate update: Listed real estate developer Mahindra Lifespaces Developers Limited (MLDL) announced on June 27 that it has been appointed the preferred developer for the redevelopment of a premium housing society in the Mulund West area of Mumbai. (Picture for representational purposes only)
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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.