Mahindra Lifespace Developers to Revitalize Two Residential Projects in Mumbai

Chennai, Sep 16 (UNI) Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development arm of the Mahindra Group, has been chosen as the partner for two society redevelopment projects in Chembur, Mumbai. The combined gross development potential of these projects is approximately Rs 1,700 crore, according to the company.

The two societies span about 2.6 acres and 1.8 acres respectively. The redevelopment will deliver well-planned homes, designed with a focus on sustainability, modern amenities, and connectivity. This initiative aims to enhance the living standards and overall value of the area.

Vimalendra Singh, Chief Business Officer Residential, Mahindra Lifespace Developers Ltd, said: “Redevelopment continues to play an important role in our growth journey. It enables us to bring high-quality residential projects to neighborhoods where demand remains strong. We are grateful for the trust the societies have placed in us, and through this project, we look forward to contributing to the growth story of Chembur.”

The project is located in the Diamond Garden area in Chembur. Chembur is long known for its strategic location, connecting the city’s business districts with the eastern suburbs. Recent announcements permitting higher redevelopment potential are expected to further enhance the long-term value creation in the area.

Mahindra Lifespace Developers Limited (MLDL) is a leading real estate and infrastructure development company in India, known for its commitment to creating sustainable and livable communities. The company's focus on innovation and quality has made it a trusted name in the industry, and this latest project in Chembur is a testament to its ongoing commitment to urban renewal and development.