Mahindra Lifespaces to Transform Chembur with ₹1700 Crore Redevelopment Projects
Mahindra Lifespaces Developers Ltd (MLDL) has been selected to redevelop two society projects in Chembur, Mumbai, with a combined development potential of ₹1,700 crore. The projects aim to deliver modern, sustainable homes with improved amenities and connectivity.
Mahindra LifespacesReal EstateMumbaiChemburRedevelopmentReal Estate MumbaiSep 16, 2025
According to MLDL, the redevelopment will bring modern, sustainable homes with enhanced amenities and better connectivity. “Redevelopment continues to play a crucial role in our growth strategy. It allows us to introduce high-quality residential projects in areas with strong demand. We are grateful for the trust placed in us by the societies, and we are excited to contribute to the growth story of Chembur,” said Vimalendra Singh, Chief Business Officer, Residential, MLDL.
Chembur, a strategic location linking the city’s business districts with the eastern suburbs, is set to benefit from recent regulatory changes that permit higher redevelopment potential. The projects are situated just 1.5 km from the Eastern Freeway, providing easy access to Thane, Navi Mumbai, and other parts of the city. The upcoming Diamond Garden Metro Station on Line 2, along with nearby Monorail and Railway networks, will further enhance connectivity. Business hubs such as BKC and Powai are also within easy reach, as noted by MLDL.
The Chembur projects are part of MLDL’s expanding redevelopment portfolio in Mumbai. In June, the company was appointed for the redevelopment of a housing society in Mulund (West) with an estimated potential of ₹1,250 crore. Earlier in April, MLDL was chosen for two residential societies in the Lokhandwala Complex, Andheri West, valued at around ₹1,200 crore. In February, it secured a redevelopment project worth ₹950 crore in the same area, and also partnered with Livingstone Infra for a cluster redevelopment in Mahalaxmi with a gross development value of ₹1,650 crore.
Mumbai’s society redevelopment market has been growing rapidly. According to Knight Frank India, ongoing projects across the MCGM region are expected to add 44,277 new homes as free-sale components worth ₹1.31 trillion by 2030. This growth reflects the increasing demand for modern, sustainable living spaces in Mumbai’s key neighborhoods.
Frequently Asked Questions
What is the total development potential of the Chembur redevelopment projects?
The total development potential of the Chembur redevelopment projects is approximately ₹1,700 crore.
What are the key benefits of the Chembur redevelopment projects?
The key benefits include modern, sustainable homes, improved amenities, and better connectivity to key areas of Mumbai.
How does Chembur's strategic location contribute to the redevelopment projects?
Chembur's strategic location, linking the city’s business districts with the eastern suburbs, enhances the projects' appeal and accessibility. Recent regulatory changes also permit higher redevelopment potential.
What other areas in Mumbai has MLDL been involved in for redevelopment?
MLDL has been involved in redevelopment projects in areas such as Mulund, Andheri West, and Mahalaxmi, among others.
What is the expected impact of the society redevelopment market in Mumbai by 2030?
By 2030, ongoing projects across the MCGM region are expected to add 44,277 new homes as free-sale components worth ₹1.31 trillion.
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.