Mahindra Lifespace Developers Ltd (MLDL), the real estate and infrastructure development arm of the Mahindra Group, has added three societies to its residential redevelopment portfolio in Mumbai.
The additions comprise two societies in a redevelopment project in Borivali and one society in an existing redevelopment project in Chembur. Together, the three projects have a potential gross development value (GDV) of ₹1,500 crore.
Redevelopment portfolio expands
“Mumbai’s redevelopment market gives us an opportunity to grow our residential business in established locations while bringing our strong development track record to projects that meaningfully contribute to neighbourhoods,” Mahindra Lifespace Developers, Chief Business Officer – Residential, Vimalendra Singh, said.
“With these three societies, we are expanding our redevelopment portfolio across the city. This move is a part of our approach to building a stronger and more diverse residential portfolio,” he said.
Residential presence spans key cities
The additions strengthen Mahindra Lifespaces’ presence in Mumbai’s redevelopment market and form part of its broader residential growth strategy.
The company’s residential portfolio spans premium developments across Mumbai, Pune, Chennai and Bengaluru.
Development footprint covers 53.65 million sq ft
MLDL’s development footprint covers 53.65 million sq ft of saleable area across completed, ongoing and forthcoming residential projects in seven Indian cities.
The company also has more than 5,000 acres of ongoing and forthcoming projects under development across four industrial cluster locations.
Portfolio spans multiple formats
MLDL’s development portfolio includes premium residential projects and value homes under the Mahindra Happinest brand.
Its integrated cities and industrial clusters operate under the Mahindra World City and Origins by Mahindra brands, respectively.