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.
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