Mahindra Lifespace Shares Rise 4% on Major Redevelopment Project in Mumbai
Mahindra Lifespace Developers Ltd's shares soared by 4% following the company's selection as the preferred developer for a luxury housing redevelopment project in Mulund (West), Mumbai. The project, valued at Rs 1,250 crore, is expected to boost the area's growth and connectivity.
Mahindra LifespaceReal EstateRedevelopmentMumbaiSharesReal Estate MumbaiJun 27, 2025
The 3.08-acre land tract has an estimated development value of Rs 1,250 crore, according to a corporate statement.
Vimalendra Singh, Chief Business Officer of Residential, Mahindra Lifespace Developers, said, “At Mahindra Lifespaces, our redevelopment philosophy centres around creating value for residents and the city. We aim to blend design excellence with sustainability and on time delivery. With robust connectivity and access to employment hubs in South Mumbai, Navi Mumbai and Thane, this project is poised to be a key contributor to the area’s continued growth story.”
Its prominent location provides excellent connectivity, only 1.4 kilometres from the forthcoming Mumbai Metro Line 5 and 0.8 kilometres from the Goregaon-Mulund Link Road.
Furthermore, the location is well situated near the Eastern Express Highway and the Mulund-Airoli Bridge, making it easy to reach Navi Mumbai and other significant business centres.
Mahindra Lifespace Developers, the Mahindra Group’s real estate and infrastructure unit, is one of India’s major developers dedicated to sustainable urbanisation. With a significant presence in nine major Indian cities, the company has delivered 53 residential projects, totalling 21.14 million square feet of completed construction.
It now has 16.19 million square feet of ongoing and planned projects in several divisions. Mahindra Lifespaces focuses on mid-premium and inexpensive housing, as well as integrated cities and industrial clusters, to provide a diverse portfolio for a wide spectrum of homeowners and businesses.
However, at 1:32 pm, the shares of Mahindra Lifespace were trading 1.30% higher at Rs 356.50 on NSE.
Frequently Asked Questions
What is the estimated development value of the project in Mulund (West)?
The estimated development value of the project in Mulund (West) is Rs 1,250 crore.
Who is the Chief Business Officer of Residential at Mahindra Lifespace Developers?
Vimalendra Singh is the Chief Business Officer of Residential at Mahindra Lifespace Developers.
What is the location of the project in relation to the Mumbai Metro Line 5?
The project is located only 1.4 kilometres from the forthcoming Mumbai Metro Line 5.
What is the total area of completed construction by Mahindra Lifespace Developers?
Mahindra Lifespace Developers have delivered 53 residential projects, totalling 21.14 million square feet of completed construction.
What is the trading value of Mahindra Lifespace shares at 1:32 pm?
At 1:32 pm, the shares of Mahindra Lifespace were trading 1.30% higher at Rs 356.50 on NSE.
Related News Articles
India's Rise to Realty Prominence: A Billion-Dollar Boom
India is accelerating to become the real estate capital of Asia, with a total valuation of Rs 14.2 trillion among the top 100 realty companies.
Maharashtra Cabinet Renames Pune Airport After Sant Tukaram Maharaj
The Maharashtra Cabinet has approved a proposal to rename Pune airport after the 17th-century Warkari saint and poet, Sant Tukaram Maharaj.
The Downfall of Real Estate Moguls: Alexander Brothers Arrested in Miami
In a shocking turn of events, the renowned real estate moguls, the Alexander Brothers, were recently arrested in Miami. This news has sent ripples through the business community, leaving many to wonder what led to their downfall.
Luxury Homes, Toxic Air: The Urban Pollution Paradox in India
Nithin Kamath, a prominent real estate analyst, highlights the growing concern of urban pollution in major Indian cities like Delhi, Mumbai, and Bengaluru. Despite seeing a surge in luxury real estate, these cities struggle with alarming levels of air pol
Tragic Incident: Two Workers Killed, One Injured as Slab Collapses in Chikhla Mines
A devastating slab collapse in the Chikhla mines of Manganese Ore (India) has resulted in the death of two workers and left one injured. The incident has raised serious concerns about safety protocols in the mining industry.
Women Home Buyers Witness 14% Surge in 2024: Report
A recent report by Square Yards, titled 'Key Holders of Change - Women Driving Real Estate Growth and Transformation,' reveals a significant 14% increase in women homebuyers in 2024.