Mahindra Lifespace Wins Rs 1,250 Crore Mumbai Redevelopment Project
Mahindra Lifespace Developers Limited (MLDL) has been appointed as the preferred developer for a premium housing society redevelopment in Mulund, Mumbai. The project, spanning 3.08 acres, is estimated to be worth ₹1,250 crore and offers excellent connectivity to major transport hubs.
Real EstateRedevelopmentMahindra LifespaceMumbaiInfrastructureReal Estate MumbaiJun 27, 2025
The site offers excellent connectivity, being just 1.4 km from the upcoming Mumbai Metro Line 5 and 0.8 km from the Goregaon-Mulund Link Road. It also provides seamless access to the Eastern Express Highway and the Mulund-Airoli Bridge, facilitating convenient travel to Navi Mumbai and other business hubs.
Mr. Vimalendra Singh, Chief Business Officer – Residential, Mahindra Lifespace Developers Ltd, 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.”
About Mahindra Lifespace Developers Ltd
Established in 1994, Mahindra Lifespace Developers Ltd. (‘Mahindra Lifespaces’) brings the Mahindra Group’s philosophy of ‘Rise’ to India’s real estate and infrastructure industry through thriving residential communities and enabling business ecosystems. The company’s development footprint spans 41.11 million sq. ft. (saleable area) of completed, ongoing, and forthcoming residential projects across seven Indian cities. It also includes over 5000 acres of ongoing and forthcoming projects under development or management at its integrated developments and industrial clusters across four locations. Mahindra Lifespaces’ development portfolio comprises premium residential projects; value homes under the ‘Mahindra Happinest®’ brand; and integrated cities and industrial clusters under the ‘Mahindra World City’ and ‘Origins by Mahindra’ brands, respectively. The company leverages innovation, thoughtful design, and a deep commitment to sustainability to craft quality life and business growth.
The company has a market cap of over Rs 7,700 crore and has delivered good profit growth of 24 per cent CAGR over the last 5 years. The shares of the company have an ROE of 3.25 per cent and an ROCE of 2.95 per cent. The stock has given returns of 452 per cent in 5 years and 202 per cent in 10 years.
Disclaimer: The article is for informational purposes only and not investment advice.
Frequently Asked Questions
What is the estimated value of the redevelopment project in Mulund, Mumbai?
The estimated value of the redevelopment project in Mulund, Mumbai, is approximately ₹1,250 crore.
Who is the preferred developer for the Mulund housing society redevelopment?
Mahindra Lifespace Developers Limited (MLDL) is the preferred developer for the Mulund housing society redevelopment.
What is the size of the land parcel for the redevelopment project?
The land parcel for the redevelopment project spans 3.08 acres.
What are the key connectivity features of the project site?
The project site offers excellent connectivity, being just 1.4 km from the upcoming Mumbai Metro Line 5 and 0.8 km from the Goregaon-Mulund Link Road. It also provides access to the Eastern Express Highway and the Mulund-Airoli Bridge.
What is Mahindra Lifespace Developers Ltd's philosophy in real estate development?
Mahindra Lifespace Developers Ltd's philosophy in real estate development centres around creating value for residents and the city, blending design excellence with sustainability, and ensuring on-time delivery.
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