Mahindra Lifespaces Secures Major Residential Redevelopment in Matunga, Mumbai
Mahindra Lifespace Developers (MLDL), the real estate arm of the Mahindra Group, has been chosen as the preferred development partner for a major residential redevelopment project in Matunga, Mumbai. This significant project, spanning 1.53 acres, has a gross development value (GDV) of approximately Rs 1,010 crore. The project aims to transform the existing housing cluster into a modern, sustainable community, aligning with Mahindra’s commitment to 'Homes of Positive Energy.'
The development will feature contemporary design, improved infrastructure, and enhanced amenities, all while emphasizing sustainability. Located in a prime Mumbai micro-market, the site enjoys strong connectivity to key social, educational, and business hubs, including Shivaji Park, top schools, healthcare facilities, retail spots, and transport links. This strategic location ensures residents have easy access to all essential services and amenities.
Mahindra Lifespaces continues to strengthen its presence in Mumbai's redevelopment landscape, expanding its footprint in well-established city micro-markets. Commenting on the new mandate, Mr. Vimalendra Singh, Chief Business Officer – Residential, Mahindra Lifespace Developers, said, “This mandate is a strong endorsement of the trust communities place in Mahindra Lifespaces to deliver redevelopment that genuinely uplifts neighbourhoods. We are committed to creating sustainable and vibrant communities that enhance the quality of life for all residents.”
The project is expected to set new standards in residential redevelopment, combining modern living with a strong focus on sustainability. Mahindra Lifespaces is known for its innovative and environmentally friendly approaches, which are integral to the company's overall strategy. The company’s commitment to 'Homes of Positive Energy' ensures that the project will not only be a landmark in terms of design and functionality but also a model for sustainable living.
Residents of the new development can look forward to a range of amenities, including green spaces, state-of-the-art fitness centers, and community areas designed to foster a sense of belonging and community spirit. The project’s prime location in Matunga, one of Mumbai’s most vibrant neighborhoods, further enhances its appeal to both current and potential residents.
Mahindra Lifespaces has a proven track record of successful redevelopment projects in Mumbai and other major cities across India. This new project in Matunga is a testament to the company’s ability to deliver high-quality, sustainable living solutions that meet the evolving needs of modern urban residents. As the project progresses, Mahindra Lifespaces remains dedicated to maintaining the highest standards of quality and innovation, ensuring that the new community in Matunga becomes a benchmark for residential redevelopment in Mumbai.
