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 Transport

New Expressway to Cut Pune-Bengaluru Travel Time by Half

The upcoming Pune-Bengaluru Expressway is expected to significantly improve connectivity and economic opportunities across Maharashtra and Karnataka. This 700-kilometre greenfield, access-controlled highway will cut the travel time between Pune and Bengaluru from 15 hours to just 7 hours, facilitating easier movement for both commuters and businesses. Starting from Bommanal in Karnataka’s Athani Taluk, the expressway will traverse important districts such as Belagavi, Bagalkot, and Jamakhandi. It will then enter Maharashtra at Kanjle, connect with the proposed Pune Ring Road, and pass throug..

Next Story
Infrastructure Transport

Nagpur’s Koradi Naka to Get Y-Shaped Flyover for Safer, Smoother Traffic

To alleviate traffic congestion and enhance safety at Koradi Naka in Nagpur, a Y-shaped flyover is currently being constructed on National Highway 47. Demolition work has already commenced, with the main construction scheduled to start on June 20, 2025.The project, costing Rs 430.37 billion, involves building a 1,090-meter-long flyover that will connect Farsa, the Mahadula Railway Overbridge (ROB), and Bokhara Road, and will also feature an underpass. The existing structure will be repurposed into a service road to facilitate local traffic.Koradi Naka has been identified as a significant "blac..

Next Story
Infrastructure Transport

Avinashi Flyover: Huge Iron Span to be Placed Over Railway Overbridge

A senior official from the Special Project Wing explained that a concrete deck of such length was not practical across active railway lines. Therefore, the department had decided to opt for a specially fabricated iron span.With the span now ready, its installation is awaiting railway clearance. The Salem Division of Southern Railway has already given its approval, while the final clearance is still pending from the Southern Railway headquarters in Chennai. For the installation process, railway operations under the ROB will need to be suspended for at least five days.The official also mentioned..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?