Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure arm of the Mahindra Group, has been chosen as the preferred partner for a landmark residential redevelopment in Matunga, Mumbai. The project spans 1.53 acres and carries a gross development value of approximately Rs. 1,010 crore, reinforcing Mahindra Lifespaces’ growing footprint in Mumbai’s redevelopment market.
The upcoming project will transform an existing housing cluster into a modern, community-centric development featuring upgraded infrastructure, contemporary design, and enhanced lifestyle amenities. Strategically located in Matunga, the site offers seamless connectivity to Shivaji Park, leading educational institutions, healthcare facilities, retail hubs, and metro links, making it one of the city’s most desirable residential catchments.
Commenting on the mandate, Vimalendra Singh, Chief Business Officer – Residential, Mahindra Lifespace Developers Ltd., 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 redevelopment will be planned with a strong emphasis on sustainability and modern urban design, aligned with Mahindra Lifespaces’ philosophy of creating Homes of Positive Energy. Residents will benefit from enhanced infrastructure, improved amenities, and superior connectivity, while the project itself is expected to set new standards in community-focused redevelopment.
With this addition, Mahindra Lifespaces continues to strengthen its presence in Mumbai’s redevelopment landscape, expanding its footprint across established micro-markets and reinforcing its reputation as a trusted partner in transforming urban neighbourhoods.
