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Mahindra Lifespaces Secures New Redevelopment Mandate in Matunga with a GDV of ~INR 1,010 Crore
Published: 03 Dec 2025 2 min Read
Read By 428
Author: Mahindra Lifespaces
Category: Featured, Land Acquisition, Launch, redevelopment
Mumbai, 03rd December 2025 – Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development arm of the Mahindra Group, has been selected as the preferred development partner for a major residential redevelopment project in Matunga, Mumbai. The project spans approximately 1.53 acres, with a gross development value of around INR 1,010 crore, further strengthening our footprint in the Mumbai micro market.
This upcoming development will transform the existing housing cluster into a modern community featuring improved infrastructure, contemporary design, and enhanced lifestyle amenities. Located in Matunga, the site benefits from seamless connectivity to key social and business hubs. The micro-market is a well-established residential catchment with proximity to Shivaji Park, leading educational institutions, healthcare facilities, retail destinations, robust transport networks and nearby metro links.
Commenting on the new mandate, Mr. 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, in line with Mahindra Lifespaces’ commitment to developing Homes of Positive Energy. Residents will benefit from enhanced infrastructure, improved lifestyle amenities, and superior connectivity. With this addition, Mahindra Lifespaces continues to strengthen its presence in Mumbai’s redevelopment landscape, further expanding its footprint in established city micro-markets.
About Mahindra World City Chennai
Mahindra World City, Chennai is India’s first integrated business city developed under the PPP between Mahindra Group and Tamil Nadu Industrial Development Corporation (TIDCO). Mahindra World City, Chennai is spread across 1550 acres and is located on NH32 within the influence zone of Chennai-Bengaluru Industrial Corridor (CBIC) & Chennai-Vizag Industrial Corridor (CVIC). The integrated city is a global benchmark in sustainable development and has a Multi-Sector Special Economic Zone spread across 450 acres, a Domestic Tariff Area (DTA) spread across 400 acres and co-located social & residential infrastructure planned in ~280 acres. Mahindra World City, Chennai is India’s first Zero Waste to Landfill integrated city and is an IGBC Platinum rated green township.
About Mahindra
Founded in 1945, the Mahindra Group is one of the largest and most admired multinational federation of companies with 324,000 employees in over 100 countries. It enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India and is the world’s largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate. The Mahindra Group has a clear focus on leading ESG globally, enabling rural prosperity and enhancing urban living, with a goal to drive positive change in the lives of communities and stakeholders to enable them to Rise.
Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise/ For updates subscribe to https://www.mahindra.com/news-room
