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.
Related News Articles
Pune's PCNTDA Residents to Get Freehold Status, Promises Maharashtra Minister Uday Samant
Maharashtra Minister Uday Samant has assured PCNTDA residents that a decision will be made on freehold status without causing financial loss to the state government.
Veriff Boosts Biometric Security to Combat Account Takeover Fraud
Biometric authentication, account takeover fraud, identity verification, facial recognition, fraud prevention
Inside Mumbai's Luxurious Abodes: A Glimpse into the Homes of India's Elite
Mumbai, often dubbed the 'Billionaire Capital of Asia,' boasts a real estate landscape that mirrors its status as India's commercial and financial hub. From opulent mansions to sleek high-rises, the city is home to some of the most stunning and expensive
Kapil Sharma: From Rs 500 Salary to Rs 300 Crore Net Worth
Kapil Sharma, the king of Indian comedy, has come a long way from his humble beginnings. Today, he owns luxurious properties and cars, and his net worth is estimated at Rs 300 crore. Explore his inspiring journey from rags to riches.
Mumbai and Delhi Emerge as Leading Luxury Real Estate Markets in Asia-Pacific
India's real estate sector is witnessing a significant boom, driven by robust economic growth, infrastructure improvements, and changing lifestyle trends. Mumbai and Delhi, in particular, are ranking among the fastest-growing luxury real estate markets in
Important Steps to Ensure Your Apartment is Free from Legal Issues Before Purchase
MahaRERA has recently directed a real estate developer near Mumbai to disclose details about any pending litigation to the public. This highlights the importance of checking for legal issues before buying an apartment.