Mahindra Lifespace Developers (MLDL), the real estate arm of the Mahindra Group, has been chosen as the preferred development partner for a major residential redevelopment project in Matunga, Mumbai.

Spanning 1.53 acres with a gross development value (GDV) of approx. Rs 1,010 crore, the project aims to transform the existing housing cluster into a modern, sustainable community. The development will feature contemporary design, improved infrastructure, and enhanced amenities, all while emphasizing sustainability and Mahindra’s commitment to "Homes of Positive Energy."

Located in a prime Mumbai micro-market, the site enjoys strong connectivity to key social, educational, and business hubs, including Shivaji Park, top schools, healthcare facilities, retail spots, and transport links. Mahindra Lifespaces continues to strengthen its presence in Mumbai's redevelopment landscape, expanding its footprint in well-established city micro-markets. Commenting on the new mandate, Mr. Vimalendra Singh, Chief Business Officer – Residential, Mahindra Lifespace Developers, said: “This mandate is a strong endorsement of the trust communities place in Mahindra Lifespaces to deliver redevelopment that genuinely uplifts neighbourhoods."