Mahindra Lifespaces Developers -RE , a prominent real estate developer, has announced the launch of its latest residential project, 'Codename64', in Malad West, Mumbai. The project, set to be unveiled on June 23, 2025, marks the company's strategic entry into Mumbai's redevelopment space.

Project Highlights

'Codename64' offers a range of 2 and 3 BHK residences, catering to both domestic and international markets. The development boasts approximately 2.2 acres of landscaped recreational space, providing residents with a host of amenities:

• Half Olympic-sized swimming pool
• Clubhouse with indoor gym
• Badminton court
• Children's play areas

Strategic Location

The project's location is one of its key selling points:

• Situated just 500 metres from Malad Metro Station
• Easy access to schools, healthcare facilities, and shopping malls
• Proximity to business hubs

This strategic positioning is expected to appeal to homebuyers looking for convenience and connectivity in Mumbai's bustling real estate market.

Regulatory Compliance

Mahindra Lifespace Developers has ensured that 'Codename64' is registered with the Maharashtra Real Estate Regulatory Authority, demonstrating the company's commitment to regulatory compliance and transparency.

Company Expansion

The launch of 'Codename64' is part of Mahindra Lifespace Developers' broader expansion strategy. The company currently boasts:

• A development footprint of 41.11 million sq. ft. across seven Indian cities
• Over 5000 acres under development at four locations

This new project not only adds to their impressive portfolio but also signifies their entry into Mumbai's redevelopment sector, a move that could open up new growth opportunities for the company.

As the real estate market continues to evolve, Mahindra Lifespace Developers' foray into redevelopment with 'Codename64' represents a significant step in their strategic expansion plans. The project's blend of prime location, modern amenities, and regulatory compliance positions it as an attractive option for potential homebuyers in Mumbai's competitive real estate landscape.

Mahindra Lifespaces Developers -RE , a prominent real estate development company, has announced the appointment of Ms. Parijat Dey as its new Chief Technology Officer (CTO), effective September 1, 2025. This strategic move, approved by the company's Board of Directors on August 28, 2025, aims to bolster the company's technological capabilities and drive digital transformation initiatives.

A Seasoned Technology Leader

Ms. Dey brings over 18 years of extensive experience in digital transformation and enterprise technology across global organizations, including Fortune 500 companies. Her impressive career trajectory and expertise in cutting-edge technologies make her a valuable addition to Mahindra Lifespace's leadership team.

Educational Background and Career Highlights

• B.E. in Electrical Engineering from NIT Jamshedpur
• MBA in Marketing from ISB Hyderabad
• Started her career at Infosys Technologies
• Held key leadership roles at Viacom18 Media Pvt. Ltd.
  • Led enterprise technology and data engineering initiatives
  • Implemented 25+ enterprise applications
  • Developed a Big Data platform on Microsoft Azure, recognized in a Databricks case study

Recent Accomplishments

Since December 2020, Ms. Dey has been associated with PwC Acceleration Center India, where she currently serves as Director – Head of AI, Technology, and Innovation. In this role, she has:

• Led strategic AI initiatives across seven global locations
• Driven projects in generative AI, Metaverse, and low-code/no-code platforms

Appointment Details

The appointment of Ms. Parijat Dey as CTO was approved by Mahindra Lifespace Developers' Board of Directors on August 28, 2025, based on the recommendation of the Nomination and Remuneration Committee. The decision was made through a circulation resolution at 11:08 am (IST).

Company's Perspective

By bringing Ms. Dey on board, Mahindra Lifespace Developers demonstrates its commitment to leveraging technology for growth and innovation in the real estate sector. Her extensive experience in digital transformation and AI is expected to play a crucial role in enhancing the company's technological capabilities and driving future initiatives.

This appointment aligns with the growing trend of real estate companies investing in technology leadership to stay competitive in an increasingly digital marketplace. Ms. Dey's diverse experience across various industries is likely to bring fresh perspectives and innovative strategies to Mahindra Lifespace Developers' operations.