Mahindra Lifespace to launch joint development project in Dahisar East
Mahindra Lifespace Developers Ltd. said that it has finalized the terms for initiating a joint development on a 4.8-acre land parcel located in Dahisar East in Mumbai.
According to the real estate business of Mahindra Group, the land parcel is situated strategically on the Western Express Highway.
The joint development will be the maiden project for Mahindra Lifespace Developers in Dahisar and will provide about five lakh sft of carpet space.
Arvind Subramanian — Mahindra Lifespace Developers MD and CEO said: “The Mumbai Metropolitan Region is a priority market for growth in our residential business and Dahisar is one of the most attractive residential destinations in the city, owing to good road-rail connectivity and well-developed social and civic infrastructure.
“Three upcoming metro lines will further enhance its accessibility and attractiveness for families. Our foray into Dahisar is in line with our focus on high-performing micro-markets with strong demand for projects by trusted brands.
“We have seen success with this strategy and will continue to expand our residential business in well-established suburbs with a track record of quick absorption.”
Earlier this year, the Indian residential property developer had acquired approximately 3.2 acres of land in Pimpri, Pune.