Mahindra Lifespaces wins redevelopment project in Mumbai's Malad West valued at ₹800 crore

Real estate company Mahindra Lifespace Developers Ltd (MLDL) on Friday (October 10) said it has been selected as the preferred partner for the redevelopment of four residential societies in Malad (West), Mumbai, offering a development potential of approximately ₹800 crore.

The project spans around 1.65 acres and is strategically located near MLDL’s ongoing redevelopment project, Mahindra Codename64, reinforcing the company’s presence in the Malad micro-market.

The site offers excellent connectivity, situated just 2.6 km from the Western Express Highway, less than 1 km from Malad West Metro Station, and about 1.5 km from Malad Railway Station. Its proximity to major business hubs such as Mindspace, Malad and the Bandra Kurla Complex (BKC) further enhances the project’s attractiveness for future residents.

Also Read: Mahindra Lifespace to launch ₹5,000-6,000 crore worth of projects in the rest of FY26

Vimalendra Singh, Chief Business Officer – Residential, Mahindra Lifespace Developers Ltd, said, "This project further strengthens our presence in Mumbai’s redevelopment market, reflecting the trust our brand has earned over the years with customers and communities.

Our reputation for delivering thoughtfully designed, high-quality homes has made us a preferred choice for societies looking to redevelop. This is also in line with our strategy of deepening presence in established micromarkets, enabling us to leverage economies of scale and enhance project efficiencies."

Situated in an established residential area, the new development will provide easy access to a wide range of urban conveniences, including reputed schools, leading healthcare facilities, retail destinations, and business centres.

Also Read: Mahindra Lifespace shares gain nearly 7% on securing two redevelopment projects in Mumbai

Shares of Mahindra Lifespace Developers Ltd ended at ₹369.20, up by ₹12.50, or 3.50%, on the BSE.