Mahindra Lifespaces to redevelop Mulund West project worth ₹1,250 crore
NEW DELHI
Mahindra Lifespace Developers
MLDL), the real estate and infrastructure development arm of the Mahindra Group, has been appointed as the preferred developer for the redevelopment of a
St. Pius Ten CHS society
in Mulund (West),
Mumbai
.
The project spans across a 3.08-acre land parcel and has an estimated development value of approximately ₹1,250 crore.
The company recently launched Mahindra 'Codename64', a residential development in Malad (West). The project will offer 2BHK and 3BHK residences.
The board of directors of the company had recently approved the appointment of Anshu Shukla as chief design officer categorised as senior management personnel with effect from June 25, 2025.
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Business Standard
a day ago
- Business Standard
Mahindra Lifespace bags redevelopment project in Mulund worth Rs 1,250 crore
Mahindra Lifespace Developers said that it has been appointed as the preferred developer for the re-development of a premium housing society in Mulund (West), Mumbai. The project spans across a 3.08-acre land parcel and has an estimated development value of approximately Rs 1,250 crore. The site offers excellent connectivity, being just 1.4km from the upcoming Mumbai Metro Line 5 and 0.8 km from the Goregaon-Mulund Link Road. It also provides seamless access to the Eastern Express Highway and the Mulund-Airoli Bridge, facilitating convenient travel to Navi Mumbai, and other business hubs. Vimalendra Singh, chief business officer Residential, Mahindra Lifespace Developers, said: "At Mahindra Lifespaces, our redevelopment philosophy centres around creating value for residents and the city. We aim to blend design excellence with sustainability and on time delivery. With robust connectivity and access to employment hubs in South Mumbai, Navi Mumbai and Thane, this project is poised to be a key contributor to the area's continued growth story." Mahindra Lifespaces Developers is the real estate arm of the Mahindra Group. The companys development footprint spans 41.11 million square feet (saleable area) of completed, ongoing and forthcoming residential projects across seven Indian cities; and over 5000 acres of ongoing and forthcoming projects under development / management at its integrated developments / industrial clusters across four locations. The scrip fell 1.23% to currently trade at Rs 356.80 on the BSE.
Time of India
a day ago
- Time of India
Mahindra Lifespaces to redevelop Mulund West project worth ₹1,250 crore
NEW DELHI Mahindra Lifespace Developers MLDL), the real estate and infrastructure development arm of the Mahindra Group, has been appointed as the preferred developer for the redevelopment of a St. Pius Ten CHS society in Mulund (West), Mumbai . The project spans across a 3.08-acre land parcel and has an estimated development value of approximately ₹1,250 crore. The company recently launched Mahindra 'Codename64', a residential development in Malad (West). The project will offer 2BHK and 3BHK residences. The board of directors of the company had recently approved the appointment of Anshu Shukla as chief design officer categorised as senior management personnel with effect from June 25, 2025.
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Business Standard
2 days ago
- Business Standard
Mahindra Lifespaces to redevelop Mulund West project worth ₹1,250 crore
Mahindra Lifespace Developers, the real estate and infrastructure development arm of the Mahindra Group, has been appointed as the preferred developer for the redevelopment of a premium housing society in Mulund (West), Mumbai. The project has an estimated development potential of ₹1,250 crore. The redevelopment will span a 3.08-acre land parcel located 1.4 kilometres (km) from the upcoming Mumbai Metro Line 5 and 0.8 km from the Goregaon-Mulund Link Road. Focus on design, sustainability and timely delivery Vimalendra Singh, chief business officer – residential, Mahindra Lifespace Developers, said, 'At Mahindra Lifespaces, our redevelopment philosophy centres around creating value for residents and the city. We aim to blend design excellence with sustainability and on-time delivery. With robust connectivity and access to employment hubs in South Mumbai, Navi Mumbai and Thane, this project is poised to be a key contributor to the area's continued growth story.' Wide presence across Indian cities Mahindra Lifespaces' development footprint spans 41.11 million square feet (saleable area) of completed, ongoing and forthcoming residential projects across seven Indian cities. It also has over 5,000 acres of ongoing and forthcoming projects under development or management at its integrated developments and industrial clusters across four locations. Mulund West realty sees strong demand Between April 2024 and March 2025, Mulund West recorded 1,891 new property sale transactions with a gross sales value of Rs 3,960 crore, according to Square Yards Data Intelligence, a real estate data analytics firm. As of the first quarter of the calendar year 2025 (Q1 CY25), the property rate in the area stood at ₹34,534 per square foot, up from ₹33,779 per square foot in Q1 CY24. Other recent developments by Mahindra Lifespaces In April, the company announced its appointment as the preferred partner for the redevelopment of two residential societies in the Lokhandwala Complex, Andheri (West), Mumbai, with a gross development value (GDV) of approximately ₹1,200 crore. Mahindra Lifespaces' profit (attributable to the owners of the parent) for the fourth quarter of the financial year 2024-25 (Q4 FY25) rose 19.02 per cent year on year (YoY) to ₹85.1 crore.
