Mahindra Lifespaces to Transform Two Mumbai Housing Societies with ₹1,700 Crore Potential
Mahindra Lifespace Developers Ltd (MLDL) has been chosen to redevelop two housing societies in Chembur, Mumbai, with a combined potential of ₹1,700 crore. The project aims to deliver modern, sustainable homes with improved amenities and connectivity.
Mahindra LifespacesChemburHousing RedevelopmentMumbai Real EstateSustainable DevelopmentReal Estate NewsSep 16, 2025
The two societies are located in the Diamond Garden area of Chembur, a neighborhood known for its strategic location connecting Mumbai’s business districts with the eastern suburbs. Spread across 2.6 acres and 1.8 acres, these sites offer a prime location for redevelopment.
The redevelopment will focus on delivering modern, well-planned homes with sustainability at the core. Residents will enjoy upgraded amenities and improved connectivity, enhancing their living standards. Vimalendra Singh, Chief Business Officer – Residential, Mahindra Lifespace Developers Ltd, stated, “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.”
Connectivity is a key advantage for the projects. Located just 1.5 kilometers from the Eastern Freeway, the sites provide direct access to Thane, Navi Mumbai, and other major parts of the city. Residents will also benefit from multiple transport options, including the upcoming Diamond Garden Metro Station on Line 2, nearby Monorail services, and established rail links. Proximity to prominent business hubs such as Bandra-Kurla Complex (BKC) and Powai further enhances the area’s appeal.
The company emphasizes that the redevelopment will not only provide enhanced living standards for current residents but also create long-term value through thoughtful design and environmentally responsible practices. This project aligns with MLDL’s commitment to sustainable development and community enhancement, ensuring that the new homes are not only modern but also eco-friendly.
On Monday, shares of Mahindra Lifespaces closed at ₹368 on the NSE, up 1.09%, reflecting the market’s positive outlook on the company’s growth initiatives.
Frequently Asked Questions
What is the total development potential of the two housing societies being redeveloped by Mahindra Lifespaces?
The combined gross development potential of the two housing societies 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 advantages of the project's location?
The key advantages include proximity to the Eastern Freeway, the upcoming Diamond Garden Metro Station, Monorail services, and established rail links. The area is also close to prominent business hubs like BKC and Powai.
What is the focus of the redevelopment project by Mahindra Lifespaces?
The focus of the redevelopment project is to deliver modern, well-planned homes with sustainability at the core, offering residents upgraded amenities and improved connectivity.
What is the current stock price of Mahindra Lifespaces?
On Monday, shares of Mahindra Lifespaces closed at ₹368 on the NSE, up 1.09%.
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