Mahindra Lifespaces to Transform Chembur with ₹1,700 Crore Redevelopment Projects
Mahindra Lifespaces Developers Ltd. (MLDL) has been selected to redevelop two housing societies in Chembur, Mumbai, with a combined development potential of ₹1,700 crore. The projects aim to deliver modern, sustainable homes with enhanced amenities and connectivity.
Mahindra LifespacesReal EstateRedevelopmentChemburMumbaiReal Estate MumbaiSep 16, 2025
The societies, located in the Diamond Garden area of Chembur, span 2.6 acres and 1.8 acres respectively. Chembur is a strategically located neighborhood that connects Mumbai’s business districts with the eastern suburbs. The redevelopment will focus on delivering modern, well-planned homes with sustainability at the core, offering residents upgraded amenities and improved connectivity.
Vimalendra Singh, Chief Business Officer – Residential, Mahindra Lifespace Developers Ltd., emphasized the importance of redevelopment in the company's growth strategy. “Redevelopment continues to play an important role in our growth journey. It enables us to bring high-quality residential projects to neighborhoods where demand remains strong. Through this project, we look forward to contributing to the growth story of Chembur,” he stated.
Connectivity is a key advantage of these projects. Located just 1.5 kilometers from the Eastern Freeway, the sites offer direct access to Thane, Navi Mumbai, and other major parts of the city. Residents will benefit from multiple transport options, including the upcoming Diamond Garden Metro Station on Line 2, nearby Monorail services, and established rail links. The proximity to prominent business hubs such as the Bandra-Kurla Complex (BKC) and Powai further enhances the area’s appeal.
The company is committed to not only providing enhanced living standards for current residents but also creating long-term value through thoughtful design and environmentally responsible practices. This approach aligns with Mahindra Lifespace's broader mission to develop sustainable and livable communities.
On Monday, shares of Mahindra Lifespaces closed at ₹368 on the NSE, up 1.09%. The positive market response reflects investor confidence in the company's strategic initiatives and its ability to deliver high-quality redevelopment projects.
Frequently Asked Questions
What is the total development potential of the two housing societies in Chembur?
The combined gross development potential of the two housing societies in Chembur is around ₹1,700 crore.
Where are the two housing societies located?
The two housing societies are located in the Diamond Garden area of Chembur, Mumbai.
What are the key features of the redevelopment project?
The redevelopment project will deliver modern, well-planned homes with sustainability at the core, offering residents upgraded amenities and improved connectivity.
How will the projects benefit from connectivity?
The projects will benefit from multiple transport options, including the upcoming Diamond Garden Metro Station on Line 2, nearby Monorail services, and established rail links. They are also located just 1.5 kilometers from the Eastern Freeway.
Who is Vimalendra Singh, and what is his role in this project?
Vimalendra Singh is the Chief Business Officer – Residential at Mahindra Lifespace Developers Ltd. He emphasized the importance of redevelopment in the company's growth strategy and the contribution to Chembur's growth story.
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