Mahindra Lifespaces to Rebuild Four Malad Societies, Eyes ₹800 Crore Revenue
Mahindra Lifespace Developers has been selected to redevelop four residential societies in Malad, Mumbai, with a potential revenue of ₹800 crore. The project, located near major transport and business hubs, strengthens Mahindra's presence in Mumbai's redevelopment market.
Real EstateRedevelopmentMaladMahindra LifespacesMumbaiReal Estate MumbaiOct 10, 2025
Located near the company’s ongoing Mahindra Codename64 project in the same micro-market, the site enjoys strong connectivity — about 2.6 kilometers from the Western Express Highway, less than 1 kilometer from the Malad West Metro Station, and around 1.5 kilometers from Malad Railway Station. Its proximity to major business hubs such as Mindspace and Bandra Kurla Complex (BKC) adds to its attractiveness, Mahindra Lifespaces said in a statement.
“This project further strengthens our presence in Mumbai’s redevelopment market, reflecting the trust our brand has earned with customers and communities,” said Vimalendra Singh, chief business officer – residential, Mahindra Lifespace Developers. He added that the company’s focus on design and quality makes it a preferred choice for societies seeking redevelopment, aligning with its strategy to deepen its presence in established micromarkets.
Mumbai’s society redevelopment segment has seen rapid expansion over the past few years. Projects across the Mumbai (MCGM) region are expected to add about 44,277 new homes as free-sale components worth ₹1.31 trillion by 2030, according to Knight Frank India. Since 2020, 910 housing societies have signed development agreements, unlocking around 326.8 acres of land based on floor-space index (FSI) norms and average unit sizes.
Malad (West) continues to be one of Mumbai’s most active housing markets. Between July 2024 and June 2025, the area recorded 1,887 new sale transactions with a gross sales value of ₹2,696 crore, according to Square Yards Data Intelligence. As of the second quarter of 2025, the average property rate in Malad (West) stood at ₹33,867 per square foot, up from ₹32,969 per square foot in the same quarter last year, reflecting steady appreciation amid sustained housing demand.
Frequently Asked Questions
What is the potential revenue from the redevelopment project in Malad?
The potential revenue from the redevelopment project in Malad is around ₹800 crore.
Where is the project located in Malad?
The project is located in Malad (West), near the Western Express Highway, Malad West Metro Station, and Malad Railway Station.
Who is the chief business officer – residential at Mahindra Lifespace Developers?
Vimalendra Singh is the chief business officer – residential at Mahindra Lifespace Developers.
How many new homes are expected to be added by 2030 in the Mumbai redevelopment market?
The Mumbai redevelopment market is expected to add about 44,277 new homes by 2030.
What is the average property rate in Malad (West) as of the second quarter of 2025?
The average property rate in Malad (West) as of the second quarter of 2025 is ₹33,867 per square foot.
Related News Articles
Mahindra Lifespaces Unveils Phase 4 of Pune's Premium Residential Project
Mahindra Lifespaces launches the final phase of its residential project Mahindra Happinest Tathawade in Pune
Tier 2 Cities: The Emerging Hotspots for Real Estate Investment in India
Discover why Tier 2 cities are becoming the next big investment hubs for real estate in India, driven by rapid urbanization, growing disposable incomes, and infrastructure development.
K-RERA Mandates BDA to Pay Rs 12.5 Lakhs for Construction Delay
In a significant ruling, the Karnataka Real Estate Regulatory Authority (K-RERA) has ordered the Bangalore Development Authority (BDA) to pay Rs 12.5 lakhs to a homebuyer for the delay in the project site development.
Omaxe's Share Price Plummets: A 52-Week Low Amid Rising Losses
Omaxe's stock hit a new 52-week low on Friday, opening at Rs 74.75 per share and dipping further during the trading session. This decline comes amid increasing financial losses for the real estate firm.
Tragic Electrocution Occurs While Setting Up Traps in Mulugu
A man was tragically electrocuted while setting up traps to hunt wildlife in the Mulugu district of Telangana. The incident highlights the dangers of tampering with electrical systems and the need for safety measures.
Navigating the Job Market: Challenges and Strategies Amid Economic Uncertainty
The current economic climate has left many industries grappling with job uncertainty and falling incomes. From ancillary services to real estate and consumer goods, the impact is widespread. This article explores the challenges and potential strategies to navigate these tough times.