Mahindra Lifespaces Expands its Footprint in Bengaluru and Mumbai with ₹2,050 Crore Revenue Potential Deals
Mahindra Lifespaces has acquired a land in Bengaluru and bagged a redevelopment project in Mumbai, strengthening its presence in the real estate market.
Mahindra LifespacesReal EstateMumbaiBengaluruRedevelopment ProjectReal Estate MumbaiJul 04, 2024
The redevelopment project in Mumbai will be developed under the state's cluster redevelopment policy, marking the company's third such project in the city. Mahindra Lifespaces has been strengthening its presence in Mumbai, Pune, and Bengaluru, targeting a GDV of ₹45,000 crore in the coming years.
The company's Managing Director and CEO, Amit Kumar Sinha, stated that these strategic moves in Mumbai and Bengaluru mark a significant milestone in their growth trajectory. Sinha added that both deals align with the company's focus on high-potential markets and underscore Mahindra Lifespaces' dedication to delivering quality living spaces across diverse urban landscapes.
Mahindra Lifespaces has a development footprint that spans 37.33 million sq ft of completed, ongoing, and forthcoming residential projects across seven Indian cities. The company also has over 5,000 acres of ongoing and forthcoming projects under development/management at its integrated developments/industrial clusters across four locations.
Information
Mahindra Lifespace Developers Ltd is a leading real estate developer in India, with a presence in Mumbai, Pune, Bengaluru, and other cities. The company is known for its commitment to delivering quality living spaces and has a strong track record of developing residential and commercial projects.
Mahindra Lifespace Developers Ltd is a part of the Mahindra Group, a multinational conglomerate with a presence in various industries, including real estate, automotive, and finance.
Frequently Asked Questions
What is the revenue potential of Mahindra Lifespaces' deals in Bengaluru and Mumbai?
The combined revenue potential of the deals is ₹2,050 crore.
What is the estimated GDV of the redevelopment project in Mumbai?
The estimated GDV of the redevelopment project in Mumbai is approximately ₹1,800 crore.
What is the developable potential of the land acquired in Bengaluru?
The land acquired in Bengaluru has an estimated developable potential of approximately 0.25 million sq ft.
What is Mahindra Lifespaces' target GDV in the coming years?
Mahindra Lifespaces is targeting a GDV of ₹45,000 crore in the coming years.
What is Mahindra Lifespaces' development footprint across India?
Mahindra Lifespaces has a development footprint that spans 37.33 million sq ft of completed, ongoing, and forthcoming residential projects across seven Indian cities.
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