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Mahindra Lifespaces Adds a New Redevelopment Deal Worth Rs 950 Crore in Lokhandwala, Mumbai
Mumbai, February 3rd, 2025: Mahindra Lifespace Developers Limited (MLDL), the real estate and
infrastructure development arm of the Mahindra Group, today announced that the Company has been
appointed as the developer for a redevelopment project in Lokhandwala Complex, Andheri West,
Mumbai. The project offers a Gross Development Value (GDV) of approx. Rs 950 crore. This strategic
move secures a fourth redevelopment project in Mumbai.
Mahindra Lifespaces has been chosen as the preferred partner for the redevelopment of three
residential societies together. The project will be developed under state’s cluster redevelopment
policy. It is located 15 minutes from the upcoming Versova-Bandra Sealink, providing great
connectivity to other parts of the city.
Amit Kumar Sinha, Managing Director & CEO, Mahindra Lifespace Developers Ltd., said, “This
strategic move strengthens our presence in the western suburbs of Mumbai. This project is in a prime
location, which is well connected and offers a great lifestyle. It will be a premium development that will
reflect our commitment to sustainable living, modern design, and creating spaces that inspire and
elevate everyday life.”
About Mahindra Lifespace Developers Ltd.
Mahindra Lifespace Developers Limited (“MLDL”) is a pan-India real estate developer. It operates its business through two verticals, namely, (i) residential projects, under the ‘Mahindra Lifespaces’ and ‘Mahindra Happinest’ brands (“Residential”); and (ii) integrated cities and industrial clusters under the ‘Mahindra World City’ and ‘Origins by Mahindra’ brands, respectively (“IC&IC”). MLDL has also been delivering green-certified homes by Indian Green Building Council (“IGBC”), embedding sustainability as a core principle across all its developments. MLDL projects integrate energy-efficient designs, environmentally responsible materials, and resource optimization measures to reduce carbon impact. Reinforcing this commitment, MLDL has launched three Net Zero projects, namely, Mahindra Eden, Mahindra Vista and Mahindra Zen. Learn more about Mahindra Lifespaces® at www.mahindralifespaces.com
About Mahindra
Mahindra Group, has a global presence across diverse business verticals, including automotive, farm equipment, technology, financial services, real estate, hospitality, logistics, renewable energy, and aerospace and defense. Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise/ For updates subscribe to Mahindra News Room https://www.mahindra.com/news-room
