Mahindra Lifespace Developers Ltd. has strengthened its presence in Mumbai’s premium real estate market after being selected as the preferred developer for a large-scale residential redevelopment project in Matunga. The project, spread across approximately 1.53 acres, carries an estimated gross development value of ₹1,010 crore.
Positioned in one of Mumbai’s well-established neighbourhoods, the redevelopment initiative aims to transform an existing housing cluster into a modern residential community equipped with upgraded infrastructure, sustainable planning, and enhanced lifestyle amenities. The location offers strong advantages, including seamless connectivity to major business districts, proximity to Shivaji Park, and easy access to leading educational and healthcare institutions.
Vimalendra Singh, Chief Business Officer – Residential at Mahindra Lifespace Developers, said the selection reflects the trust that residents place in the company’s approach to urban redevelopment. He added that the project represents an opportunity to shape the future of a landmark neighbourhood with thoughtfully designed homes aligned with contemporary urban living.
A key highlight of the project will be its focus on sustainability and modern design principles, consistent with the brand’s vision of creating “Homes of Positive Energy.” The company aims to integrate green practices, improved public spaces, and enhanced infrastructure to elevate the living experience for future residents.
Summary
- Mahindra Lifespace Developers has secured a ₹1,010 crore residential redevelopment project in Matunga, Mumbai.
- The project spans 1.53 acres and involves transforming an existing housing layout into a modern, amenity-rich residential community.
- Focus areas include sustainable development, modern design, improved connectivity, and enhanced community infrastructure.
- The mandate reinforces Mahindra Lifespace’s growing role in Mumbai’s urban redevelopment landscape.
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