This Real Estate Firm Secures Rs 1,200 Crore Redevelopment Project in Mumbai, Eyes Rs 10,000 Crore Sales by 2028
The company has a robust project portfolio, with over 50 residential projects spanning 38.49 million sq. ft. across seven Indian cities.
Mahindra Lifespace Developers Limited has been selected as the preferred partner for the redevelopment of two residential societies in the Lokhandwala Complex, Andheri West, Mumbai. The project, valued at approximately Rs 1,200 crore, will be executed under the state's cluster development scheme. This strategic location is just 15 minutes from the upcoming Versova-Bandra Sealink, enhancing connectivity across Mumbai.
Amit Kumar Sinha, Managing Director & CEO, stated, "This strategic milestone significantly fortifies our presence in Mumbai's western suburbs, a pivotal market for our growth ambitions. We are most excited to leverage our expertise to create an exceptional living experience." Vimalendra Singh, Chief Business Officer - Residential, emphasized the trust customers place in Mahindra Lifespaces, highlighting their commitment to innovative designs, timely delivery, and quality. The project aims to offer residents a blend of comfort, convenience, and connectivity, amidst the development of social and leisure infrastructure, including the upcoming coastal road.
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Mahindra Lifespace Developers Ltd, incorporated in 1999, is a prominent player in the Indian real estate sector, focusing on residential and commercial projects. The company operates through two main segments: Project Management and Development, and Commercial Complexes. In H1 FY25, the Project Management and Development segment accounted for 99 per cent of its business, with a diverse portfolio including premium residential projects and integrated cities under the Mahindra World City brand.
The company has a robust project portfolio, with over 50 residential projects spanning 38.49 million sq. ft. across seven Indian cities. It also manages integrated cities and industrial clusters, with significant projects in Chennai and Jaipur. Mahindra Lifespace has formed strategic partnerships with entities like Actis and HDFC Capital for residential developments and Sumitomo Corporation for industrial projects. Despite rising debt levels, the company is focused on expanding its residential business in key markets like Mumbai, Pune, and Bengaluru, with a goal to achieve Rs 10,000 crore in sales by 2028.
As of April 03, 2025, the stock price of Mahindra Lifespace Developers Limited is Rs 304.9. The 52-Week High is Rs 669.35, and the 52-Week Low is Rs 299.1. The stock is trading near its 52-week low.
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Disclaimer: The article is for informational purposes only and not investment advice.