Mahindra Lifespaces to Redevelop Mulund West Project Worth Rs 12.50 Bn

02 Jul 2025 CW Team

Mahindra Lifespace Developers, the real estate and infrastructure arm of the Mahindra Group, has been selected as the preferred developer for the redevelopment of a premium housing society in Mulund (West), Mumbai. The project is expected to have a development potential of Rs 12.50 billion and will cover a 3.08-acre land parcel located 1.4 km from the upcoming Mumbai Metro Line 5 and 0.8 km from the Goregaon-Mulund Link Road.

The redevelopment plan focuses on incorporating sustainable design, value creation for residents, and timely project completion. The project’s connectivity to employment hubs in South Mumbai, Navi Mumbai, and Thane positions it as a significant contributor to the area’s growth.

Mahindra Lifespaces has a presence across seven Indian cities with 41.11 million square feet of saleable area across completed, ongoing, and upcoming residential developments. Additionally, it manages over 5,000 acres in integrated and industrial clusters across four locations.

The Mulund West real estate market has shown strong demand. Between April 2024 and March 2025, the area recorded 1,891 new property sale transactions worth Rs 39.60 billion, according to data from Square Yards Data Intelligence. Property prices in the area rose from Rs 33,779 per sq ft in Q1 CY24 to Rs 34,534 per sq ft in Q1 CY25.

In other recent developments, Mahindra Lifespaces was appointed in April as the preferred partner for the redevelopment of two residential societies in Lokhandwala Complex, Andheri (West), Mumbai, with a gross development value (GDV) of approximately Rs 12 billion. In January, its subsidiary Anthurium Developers (ADL) acquired 8.2 acre of land in North Bengaluru, with a GDV of Rs 10 billion.

The company also reported a 19.02 per cent year-on-year increase in its Q4 FY25 profit (attributable to the owners of the parent), reaching Rs 850.1 million.

News source: Business Standard

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..