Mahindra Lifespace aims Rs 12 Bn from 2 Mumbai redevelopment projects
Real Estate

Mahindra Lifespace aims Rs 12 Bn from 2 Mumbai redevelopment projects

Mahindra Lifespace Developers, a prominent player in India’s real estate sector, has secured two new redevelopment projects in Mumbai. The company has been selected as the preferred partner for the redevelopment of two residential housing societies located in the Lokhandwala Complex, Andheri West. These projects are expected to generate a total revenue of approximately Rs 12 billion.

The redevelopment will be carried out under the Maharashtra state government's cluster development scheme, which aims to revitalize older and congested urban areas through planned infrastructure and residential upgrades. This initiative is aligned with the state’s broader efforts to improve housing quality and optimize urban land use in key metropolitan areas.

Mahindra Lifespace Developers operates across two main business verticals. The first focuses on residential development, with projects offered under the ‘Mahindra Lifespaces’ and ‘Mahindra Happinest’ brands, catering to both premium and affordable housing segments. The second vertical specializes in integrated cities and industrial clusters, operating under the ‘Mahindra World City’ and ‘Origins by Mahindra’ brands. These developments aim to create sustainable urban ecosystems with a mix of residential, commercial, and industrial spaces.

With this latest development in Andheri West, Mahindra Lifespace continues to strengthen its presence in Mumbai's real estate market, contributing to the city’s urban renewal efforts while also expanding its portfolio of residential redevelopment projects.

News source: CNBC TV18

Mahindra Lifespace Developers, a prominent player in India’s real estate sector, has secured two new redevelopment projects in Mumbai. The company has been selected as the preferred partner for the redevelopment of two residential housing societies located in the Lokhandwala Complex, Andheri West. These projects are expected to generate a total revenue of approximately Rs 12 billion. The redevelopment will be carried out under the Maharashtra state government's cluster development scheme, which aims to revitalize older and congested urban areas through planned infrastructure and residential upgrades. This initiative is aligned with the state’s broader efforts to improve housing quality and optimize urban land use in key metropolitan areas. Mahindra Lifespace Developers operates across two main business verticals. The first focuses on residential development, with projects offered under the ‘Mahindra Lifespaces’ and ‘Mahindra Happinest’ brands, catering to both premium and affordable housing segments. The second vertical specializes in integrated cities and industrial clusters, operating under the ‘Mahindra World City’ and ‘Origins by Mahindra’ brands. These developments aim to create sustainable urban ecosystems with a mix of residential, commercial, and industrial spaces. With this latest development in Andheri West, Mahindra Lifespace continues to strengthen its presence in Mumbai's real estate market, contributing to the city’s urban renewal efforts while also expanding its portfolio of residential redevelopment projects. News source: CNBC TV18

Next Story
Infrastructure Urban

CMPDI installs bio-toilets to boost sanitation and hygiene

The Central Mine Planning and Design Institute (CMPDI), a subsidiary of Coal India Limited under the administrative control of the Ministry of Coal, has installed six modern bio-toilets equipped with bio-digesters and water tanks across various locations in Ranchi. The initiative was carried out under the ongoing Special Campaign 5.0, underscoring CMPDI’s commitment to cleanliness and sustainable sanitation. This effort forms part of a nationwide drive to enhance hygiene standards and improve efficiency in public offices. It aligns with the Government of India’s Swachh Bharat Mission and ..

Next Story
Infrastructure Urban

PM Modi unveils Rs 12.19 billion projects in Kevadia

Prime Minister Shri Narendra Modi inaugurated and laid the foundation stones for development projects worth Rs 12.19 billion in Kevadia on the eve of Sardar Vallabhbhai Patel’s 150th birth anniversary. The projects include the Birsa Munda Bhavan—an iconic centre dedicated to Bhagwan Birsa Munda—a residential complex for GSEC and SSNNL employees, the first phase of the hospitality district, and a Bonsai Garden. During the visit, the Prime Minister also flagged off a fleet of electric buses in Kevadia, an initiative aimed at providing comfortable and sustainable transport facilities for v..

Next Story
Infrastructure Transport

New metro link to connect Delhi airport’s T1 and T3

A new metro station will be part of the upcoming Golden Line to provide direct connectivity between Delhi airport’s Terminal 1 (T1) and Terminal 3 (T3), a senior official confirmed. Among the three terminals at the Indira Gandhi International Airport, Terminals 2 and 3 are located close to each other, while Terminal 1 lies a few kilometres away. In an interview with PTI, Delhi International Airport Ltd (DIAL) CEO Videh Kumar Jaipuriar said that the new integrated station is being planned to link Aerocity with Terminal 1. “The Golden Line was earlier planned to terminate at Aerocity. We h..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?