Mahindra Lifespaces inks pact to redevelop housing society in Mumbai

26 Apr 2023 CW Team

Mahindra Lifespace Developers, the Mahindra Group's real estate and infrastructure development arm, has agreed to redevelop a housing society in Mumbai's Malad suburb. The project, which will be built on 3.68 acres of land, is expected to generate around Rs 850 crore in revenue for Mahindra Lifespaces.

"We see societal redevelopment as a promising opportunity for established real estate developers such as Mahindra Lifespaces." In a city like Mumbai, where greenfield construction is limited due to a scarcity of vacant land parcels, redevelopment offers an exciting path for growth while allowing existing property owners to upgrade to larger, better residences with modern amenities." Amit Sinha, Director and Board member, Mahindra Lifespace Developers. The company will continue to evaluate more such opportunities to grow our residential portfolio in Mumbai, he added.

Mahindra Lifespaces has developed more than 10.77 million sq ft of space in the Mumbai Metropolitan Region. It has an overall footprint spanning 32.97 million sq ft of completed, ongoing and forthcoming residential projects across seven Indian cities.

Also Read
Birla Estates purchases prime plot in South Mumbai's Malabar Hill
Belgium’s Vito will shortly launch a biodiesel project in Ayodhya

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..