Mahindra Lifespace Developers Limited, the real estate and infrastructure development arm of the Mahindra Group, has signed an agreement to redevelop a housing society in Mumbai’s Malad suburb, with an estimated revenue potential of around INR 850 crore.
The land parcel spans over 3.68 acres and offers Mahindra Lifespaces an opportunity to grow its residential portfolio in Mumbai. The company is actively seeking more such opportunities.
Mahindra Lifespaces has an impressive track record, having developed more than 10.77 Million SqFt of space in the Mumbai Metropolitan Region, and has ongoing and forthcoming residential projects in seven Indian cities, with a total footprint of 32.97 Million SqFt.
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