Mahindra Lifespaces Secures Rs 1,250 Crore Redevelopment Project in Mumbai’s Mulund
Mahindra Lifespace Developers Ltd (MLDL) has secured a major redevelopment project in Mumbai’s Mulund, valued at over Rs 1,250 crore. The project, spanning 3.08 acres, will cater to both existing society members and new buyers, leveraging its strategic location near key infrastructure.
Mahindra LifespacesMumbai Redevelopment ProjectResidential Housing SocietyRedevelopment Projects In MumbaiMulund Real EstateReal Estate MumbaiJun 27, 2025
The strategic location of the project near key infrastructure projects, such as the upcoming Mumbai Metro line 5 and the Goregaon-Mulund Link Road, enhances its connectivity. It also provides direct access to the Eastern Express Highway and the Mulund-Airoli Bridge, offering seamless connectivity to Navi Mumbai, South Mumbai, and Thane.
According to Vimalendra Singh, Chief Business Officer – Residential at Mahindra Lifespaces, the company’s redevelopment approach is focused on creating value for residents and the city. He stated that the Mulund project, with its proximity to multiple employment and transit nodes, is expected to significantly contribute to the growth of the area.
This project adds to Mahindra Lifespaces’ growing portfolio in Mumbai, where the company is actively executing both redevelopment and greenfield projects. The company has been awarded several society-led redevelopment contracts in the Mumbai Metropolitan Region (MMR), a trend that reflects the increasing focus on infill sites to expand within city limits.
Real estate projects involving the redevelopment of old housing societies and rehabilitation are a mainstay of the Mumbai region’s property market. This is particularly true in a land-starved city and its peripheral areas, where few vacant land parcels are available for new developments. The redevelopment sector in Mumbai has seen increased activity, especially in the eastern and western suburbs, due to constrained land availability and regulatory focus on replacing aging building stock.
Mahindra Lifespaces’ commitment to urban redevelopment aligns with the city’s broader goals of modernization and infrastructure enhancement. The company’s projects in Mulund and other strategic locations are expected to play a crucial role in shaping the future of Mumbai’s real estate landscape.
Frequently Asked Questions
What is the value of the redevelopment project secured by Mahindra Lifespaces in Mulund?
The redevelopment project secured by Mahindra Lifespaces in Mulund is valued at over Rs 1,250 crore.
Where is the project located?
The project is located in Mulund, an eastern suburb of Mumbai, on a 3.08-acre land parcel.
What key infrastructure projects are near the redevelopment site?
The site is near key infrastructure projects such as the upcoming Mumbai Metro line 5, the Goregaon-Mulund Link Road, the Eastern Express Highway, and the Mulund-Airoli Bridge.
Who is the Chief Business Officer – Residential at Mahindra Lifespaces?
The Chief Business Officer – Residential at Mahindra Lifespaces is Vimalendra Singh.
What is the focus of Mahindra Lifespaces in the Mumbai Metropolitan Region?
Mahindra Lifespaces is focused on executing both redevelopment and greenfield projects in the Mumbai Metropolitan Region, leveraging infill sites to expand within city limits.
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