Life Insurance Corporation Residential Project, Maharashtra

Shriya Goyal Sep 13, 2021 0

Life Insurance Corporation (LIC) of India is bringing forth the redevelopment of a public residential project – LIC Jeevan Shanti Colony in Vile Parle, Mumbai. Keeping in mind the human idea of a home, the building is designed to provide a sense of exclusivity and comfort with the different amenities accommodated.

Project Specifications:

Developed over an expanse of 18.9 Acre plot area, the estimated built-up area of the project is 6,19,710 sq.ft. The colony has been designed to integrate 10 residential building blocks, spread evenly around the plot to render light and ventilation to each unit. With a Community Hall and Gymnasium, the planning allows large gatherings in terms of festivals or functions and addresses to the users health and fitness routine.


Reflecting on the current drive towards sustainability, the project generates and encourages the need for water and energy conservation through different processes. The application of Sewage Treatment plant and Rain Water Harvesting plant aids in preventing water pollution and replenishing groundwater table. This project is under a pre-construction stage.

PROJECT NAMELIC Jeevan Shanti Colony
DEVELOPERLife Insurance Corporation of India (LIC)
DESCRIPTIONProposed public redevelopment project
PLOT AREA18.9 Acres
CONSTRUCTION AREA6,19,710 sq. ft.
LOCATIONVile Parle, Mumbai, Maharashtra
NO. OF BLOCKS10 Residential Blocks
AMENITIES/FEATURESCommunity Hall and Gymnasium. 
Sustainable features – Sewage Water Treatment plant and Rain Water Harvesting Plant
STATUSPre-Construction Process

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Disclaimer: The information contained herein have been compiled or arrived at, based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. The image featured in this article is only for illustration purposes and does not in anyway represent the project. If you wish the article to be removed or edited, please send an email to

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