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Mahindra Lifespace to redevelop two housing societies in Chembur, Mumbai

#Builders & Projects#Residential#India#Maharashtra#Mumbai City
Last Updated : 17th Sep, 2025
Synopsis

Mahindra Lifespace Developers Ltd has been chosen to redevelop two residential societies in Chembur, Mumbai, with a combined gross development potential of INR 1,700 crore. Covering 4.4 acres-2.6 acres for one society and 1.8 acres for the other-the projects mark a significant addition to the company's urban residential portfolio. Known for its focus on sustainable growth, Mahindra Lifespace is strengthening its presence in Mumbai's redevelopment market, a sector gaining momentum in high-demand neighbourhoods.

Mahindra Lifespace Developers Ltd has been appointed as the redevelopment partner for two residential societies in Chembur, Mumbai. The company indicated in a regulatory filing earlier this week that the projects collectively hold a gross development potential of INR 1,700 crore.


The two societies together cover an area of around 4.4 acres, with one spanning approximately 2.6 acres and the other 1.8 acres. This move aligns with Mahindra Lifespace's strategy to expand its urban residential portfolio and leverage redevelopment opportunities in high-demand Mumbai neighbourhoods.

Recognised as one of India's leading real estate developers, Mahindra Lifespace has consistently undertaken projects that combine residential growth with sustainable development. The selection for these Chembur projects underscores the company's growing footprint in Mumbai's redevelopment sector.

The projects are expected to contribute substantially to the company's growth while providing modernised residential solutions in established neighbourhoods. This initiative reflects the developer's ongoing commitment to transforming urban landscapes through strategic redevelopment partnerships.

Source - PTI

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