Mahindra Lifespaces Launches 'Codename64' Project in Malad West, Mumbai

On June 23, 2025, Mahindra Lifespace Developers Ltd., the real estate arm of the Mahindra Group, announced the launch of ‘Codename64’, a new residential project in Malad (West), Mumbai. This marks the company’s first redevelopment project in the city and a key step in its long-term development strategy.

Homes Designed for Urban Living

‘Codename64’ offers 2 and 3 BHK apartments designed for comfort and sustainability. The homes come with spacious layouts, cross-ventilation, large private decks, and ample natural light. The project is designed to promote energy efficiency and a peaceful lifestyle.

Amenities and Green Spaces

Residents will enjoy ~2.2 acres of landscaped recreation space, including a half Olympic-size swimming pool, a modern clubhouse with a gym, badminton court, community hall, aerial yoga, kickboxing, and aerobics. Children’s play areas and other facilities support a healthy and active lifestyle.

Strategic Location

The project is located in a well-developed neighbourhood with easy access to schools, hospitals, shopping malls, offices, and the Malad Metro Station (just 500 metres away), ensuring excellent connectivity across Mumbai.

Vimalendra Singh, Chief Business Officer – Residential at Mahindra Lifespaces, said that ‘Codename64’ reflects the company’s commitment to Mumbai’s urban renewal. It aims to deliver thoughtfully designed homes that support modern lifestyles while preserving long-term value.

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About Mahindra Lifespaces

Founded in 1994, Mahindra Lifespaces develops premium housing, affordable homes under the ‘Mahindra Happinest®’ brand, and industrial clusters like Mahindra World City. The company has developed over 41 million sq. ft. of residential space and manages more than 5000 acres of industrial land across India. Sustainability and smart design are at the heart of all its developments.

Mahindra Lifespace Developers Share Price Movement

As of June 23, 2025, Mahindra Lifespace Developers share price closed at ₹357.65, up ₹0.70 (0.20%) for the day. The stock opened at ₹352.00 and touched a high of ₹360.15 and a low of ₹351.15 during the session. The company has a market capitalisation of ₹7,630 crore, a P/E ratio of 98.55, and offers a dividend yield of 0.78% with a quarterly dividend amount of ₹0.70. Its 52-week high and low are ₹594.01 and ₹255.87, respectively.

About Mahindra Group

The Mahindra Group, established in 1945, is one of India’s largest business groups with operations in over 100 countries. It is a global leader in tractors, farm equipment, IT services, finance, renewable energy, and real estate, and is focused on sustainability and innovation through its ESG-led growth model.

Conclusion

Mahindra ‘Codename64’ blends smart design, connectivity, and sustainability, making it a standout residential project in one of Mumbai’s most dynamic areas.

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