Mahindra Lifespace Developers will undertake the redevelopment of two residential societies in Lokhandwala Complex, Andheri West, Mumbai with a gross development value (GDV) of Rs 1,200 crore.
The project falls under Maharashtra’s cluster redevelopment scheme and will benefit from proximity to the upcoming Versova-Bandra Sealink. "This strategic milestone significantly fortifies our presence in Mumbai's western suburbs, a pivotal market for our growth ambitions," MD & CEO of Mahindra Lifespace Developers, Amit Kumar Sinha said.
In addition, the company is redeveloping three residential buildings in Borivali with Rs 950 crore GDV, and has partnered with Livingstone Infra for another cluster project in Mahalaxmi with Rs 1,650 crore GDV).