Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development arm of the Mahindra Group, has recently secured two significant housing redevelopment projects in Mumbai, collectively targeting a revenue potential of ₹2,050 crore.

 

1. Mahalaxmi Cluster Redevelopment Project: On February 18, 2025, Mahindra Lifespace announced a partnership with Livingstone Infra Private Limited for a cluster redevelopment project in Mumbai's upscale Mahalaxmi area. This project has a Gross Development Value (GDV) of ₹1,650 crore. The development aims to introduce modern residences with cutting-edge design, sustainable features, and premium amenities, enhancing Mumbai's urban landscape. citeturn0search2

2. Borivali West Redevelopment Project: Earlier, on July 4, 2024, the company secured a redevelopment project in Borivali West, Mumbai, involving the redevelopment of seven residential societies. This project offers an estimated GDV of ₹1,800 crore and will be developed under Maharashtra's cluster redevelopment policy. citeturn0search3

These strategic initiatives underscore Mahindra Lifespace's commitment to expanding its presence in Mumbai's premium real estate market, focusing on urban renewal and delivering high-quality living spaces.