Mahindra Lifespace Developers Secures ₹1,200 Crore Mumbai Redevelopment Project
Mahindra Lifespace Developers Limited has been selected as the preferred partner for redeveloping two residential societies in Mumbai's Lokhandwala Complex, Andheri West. The project, valued at ₹1,200 crore, will be pursued under the state's cluster development scheme. Located near the upcoming Versova-Bandra Sealink, the project aims to offer premium living with excellent connectivity. The company emphasizes its commitment to quality, timely delivery, and sustainable development practices in this strategic expansion.

*this image is generated using AI for illustrative purposes only.
Mahindra Lifespace Developers (MLDL), the real estate arm of the Mahindra Group, has announced a significant expansion in Mumbai's western suburbs. The company has been appointed as the preferred partner for redeveloping two residential societies in the Lokhandwala Complex, Andheri West, Mumbai, with an estimated project value of ₹1,200.00 crore.
Project Details
The redevelopment project, to be pursued under the state's cluster development scheme, marks a strategic milestone for Mahindra Lifespace Developers. The site is strategically located just 15 minutes from the upcoming Versova-Bandra Sealink, offering excellent connectivity to other parts of the city.
Strategic Location and Development
Amit Kumar Sinha, Managing Director & CEO of Mahindra Lifespace Developers, commented on the development, stating, "This strategic milestone significantly fortifies our presence in Mumbai's western suburbs, a pivotal market for our growth ambitions. We are most excited to leverage our expertise to create an exceptional living experience."
The area is witnessing robust development of social and leisure infrastructure, including the upcoming coastal road. This premium project aims to offer residents a unique blend of comfort, convenience, and connectivity.
Company's Approach
Vimalendra Singh, Chief Business Officer - Residential at Mahindra Lifespace Developers, emphasized the company's commitment to quality and customer satisfaction. He said, "This project is a testament to the trust that customers have placed in Mahindra Lifespaces. They value our proven track record of delivering high-quality living spaces and our commitment to transparency. At Mahindra Lifespaces, we prioritize innovative designs, timely delivery, and uncompromising quality."
Sustainability Focus
Mahindra Lifespace Developers has been at the forefront of sustainable development in India's real estate sector . The company is known for delivering green-certified homes by the Indian Green Building Council (IGBC), embedding sustainability as a core principle across all its developments. Their projects integrate:
- Energy-efficient designs
- Environmentally responsible materials
- Resource optimization measures
These initiatives aim to reduce the carbon impact of their developments.
Conclusion
This new redevelopment project in Lokhandwala Complex represents a significant opportunity for Mahindra Lifespace Developers to strengthen its presence in Mumbai's competitive real estate market. With its focus on quality, strategic location, and sustainable development practices, the company is well-positioned to create value for both residents and investors in this ₹1,200.00 crore project.
Historical Stock Returns for Mahindra Lifespaces
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+1.61% | +8.72% | +5.87% | -38.13% | -49.15% | +372.81% |