Mahindra Lifespace Developers secures major deals in Mumbai and Bengaluru
Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development arm of the Mahindra Group, has today announced the successful closure of two significant deals with a combined Gross Development Value (GDV) of Rs 2050 crore. These strategic acquisitions aim to bolster MLDL’s presence in two of India’s most vibrant real estate markets: Mumbai and Bengaluru.
In Mumbai, MLDL has been selected as the preferred partner for the redevelopment of seven residential societies in the prestigious Borivali West neighborhood. This project, estimated to have a GDV of approximately Rs 1800 crore, will be developed under the state’s cluster redevelopment policy and is expected to significantly enhance the urban landscape of the area.
Simultaneously, MLDL has acquired a prime land parcel of 2.37 acres in Singasandra, South Bengaluru. This acquisition, located adjacent to the highly successful Mahindra Zen project, is estimated to have a developable potential of approximately 0.25 million square feet with a GDV of around Rs 250 crore. The land acquisition in Bengaluru is strategically positioned to capitalize on the city’s robust real estate demand, further extending MLDL’s footprint in the region.
Amit Kumar Sinha, Managing Director & CEO of Mahindra Lifespace Developers Ltd., highlighted the strategic importance of these deals: “These strategic moves in Mumbai and Bengaluru, with a combined GDV potential of ₹2050 crore, mark a significant milestone in our growth trajectory. Our third redevelopment project in Mumbai, with a GDV of ₹1800 crore, reinforces our commitment to urban renewal by creating value in established neighborhoods. Simultaneously, our ₹250 crore GDV land acquisition in Bengaluru’s Singasandra area positions us to further capitalize on the city’s robust real estate demand.”
These developments align with MLDL’s focus on high-potential markets and underscore its dedication to delivering quality living spaces across diverse urban landscapes. As MLDL strengthens its presence in key markets, the company remains poised for sustained growth and value creation in India’s dynamic real estate sector.