Mahindra Lifespace Developers Ltd has been appointed as the developer for a high-value residential redevelopment in Mulund (West), Mumbai.
Mahindra Lifespace Strategic Win in a Mumbai Location
The ₹1,250 crore project will be built on a 3.08-acre plot and marks a significant addition to the company’s growing portfolio.
Mahindra Lifespaces announced that it will lead the redevelopment of St. Pius Ten CHS Ltd in Mulund West. The land parcel offers strategic advantages, including proximity to the Eastern Express Highway and the upcoming Metro Line 5. The project site is just 0.8 km from the Goregaon-Mulund Link Road and 1.4 km from the metro corridor, enhancing its connectivity across Mumbai and Navi Mumbai.
The estimated Gross Development Value of ₹1,250 crore reflects the high demand and real estate value in this part of Mumbai. Spread over 3.08 acres, the project will feature modern infrastructure catering to evolving urban lifestyles. The project aligns with Mahindra Lifespaces’ strategy to scale its presence in redevelopment initiatives across metro cities.
Read More: Mahindra Lifespaces Launches 'Codename64' Project in Malad West, Mumbai !
As a pioneer in Net Zero homes, Mahindra Lifespaces intends to embed sustainability in the Mulund redevelopment as well. The company has committed to building only Net Zero homes from 2030 onwards. With a 100% green-certified portfolio since 2014 and a roadmap to achieve carbon neutrality by 2040, the developer continues to push boundaries in eco-friendly urbanisation.
Established in 1994, Mahindra Lifespaces is the real estate arm of the Mahindra Group. Its development footprint spans 41.11 million sq. ft. across 7 cities and 5,000+ acres in industrial clusters and integrated cities. The Mulund project reinforces the company’s premium segment and reflects its design-first, sustainability-led growth model.
On June 27, 2025, Mahindra Lifespace Developers share price opened at ₹374.90 on NSE. During the day, it surged to ₹377.90. The stock was seen trading at ₹358.20, down by 0.79%.
Over the past week, it has moved up by 1.19%, over the past month, it has moved up by 7.68%, and over the past 3 months, it has moved up by 14.90%.
With a ₹1,250 crore redevelopment project in Mulund West, Mahindra Lifespaces has secured a key position in Mumbai’s real estate landscape. The project’s excellent location, focus on green design, and urban connectivity promise to contribute meaningfully to the city's ongoing transformation.
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Published on: Jun 27, 2025, 12:34 PM IST
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