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Mahindra Lifespaces Secures New Redevelopment Mandate in Matunga with a GDV of ~INR 1,010 Crore
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.
Mahindra Lifespaces® acquires land near Mahalunge, Pune with Development Potential of INR ~3500 Crore
Mumbai, 11 October 2025 – Mahindra Lifespace Developers Ltd. today announced that it has acquired 13.46 acres of land in the premier neighborhood of Nande-Mahalunge in Pune. The land is estimated to yield a development potential of INR ~3500 Crore.
Vimalendra Singh, Chief Business Officer – Residential, Mahindra Lifespace Developers Ltd., said, “Mahalunge-Nande-Maan are among Pune’s most promising micro-markets, having witnessed strong absorption over the past few years. There is a clear and growing demand for high-quality, future-ready homes with modern amenities in this region. This land parcel is strategically located within the well-planned Mahalunge micro-market, offering excellent connectivity through the proposed PMRDA Town Planning Scheme and the upcoming Inner Ring Road, next to Hinjewadi. The acquisition reinforces our commitment to Pune and aligns with our strategy to strengthen our presence across the city’s key growth corridors.”
The site is strategically located and offers quick access to Hinjewadi, surrounded by well-developed social infrastructure that includes top educational institutes such as Delhi Public School, Mahindra International school, and Symbiosis center for Management. Moreover, the location is also equidistant from Baner-Balewadi and Hinjewadi micro markets which are IT & BFSI hubs of Pune.
