Mahindra Lifespaces Wins Redevelopment Mandate in Matunga Valued at ₹1,010 Crore.

Mahindra Lifespace Developers Limited (MLDL), the real estate arm of the Mahindra Group, has been appointed as the preferred development partner for a major residential redevelopment project in Matunga, Mumbai. Spanning approximately 1.53 acres, the project carries a gross development value (GDV) of around ₹1,010 crore, marking a significant expansion of the company’s footprint in the Mumbai micro-market.

The redevelopment aims to transform the existing housing cluster into a modern residential community, featuring upgraded infrastructure, contemporary design, and enhanced lifestyle amenities. Strategically located, the site offers seamless connectivity to key social and business hubs, including Shivaji Park, prominent educational institutions, healthcare facilities, retail destinations, and metro links.

Commenting on the project, Vimalendra Singh, Chief Business Officer – Residential at Mahindra Lifespaces, said, “This mandate is a strong endorsement of the trust communities place in Mahindra Lifespaces to deliver redevelopment that genuinely uplifts neighbourhoods. Matunga is a well-established and highly valued neighbourhood, and this redevelopment allows us to contribute thoughtfully to its next chapter with homes designed for modern lifestyles. We look forward to setting a new benchmark for community-centric redevelopment in Mumbai.”

The project will prioritize sustainability and modern urban design in line with Mahindra Lifespaces’ commitment to developing Homes of Positive Energy. Residents can expect improved infrastructure, superior lifestyle amenities, and enhanced connectivity. With this mandate, Mahindra Lifespaces continues to strengthen its presence in Mumbai’s redevelopment sector, expanding its footprint in established city micro-markets.