On June 19, 2026, Mahindra Lifespace Developers Limited announced the acquisition of a 15-acre land parcel in Kandivali East, Mumbai.
The project is estimated to have a Gross Development Value (GDV) of approximately ₹5,600 crore with a development potential of around 1.8 million square feet.
The newly acquired land in Kandivali East is strategically located with excellent connectivity to the Western Express Highway and existing metro corridors.
The area is supported by established social infrastructure, including schools, hospitals, and retail hubs.
The upcoming Borivali–Thane Twin Tunnel is expected to enhance accessibility, reducing travel time between Mumbai's western suburbs and Thane.
Vimalendra Singh, Chief Business Officer – Residential at Mahindra Lifespaces, highlighted the acquisition's alignment with the company's strategy to expand in markets with strong end-user demand and long-term growth potential.
The project builds on the success of Mahindra Vista in the Kandivali micro-market, reinforcing the company's presence in Mumbai.
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Established in 1994, Mahindra Lifespaces is the real estate and infrastructure development arm of the Mahindra Group.
The company's development footprint spans 53.65 million sq. ft. of residential projects across 7 Indian cities and over 5,000 acres of integrated developments and industrial clusters.
Mahindra Lifespaces is committed to sustainability, aiming to build only Net Zero homes from 2030 onwards.
As of June 19, 2026, at 3:30 PM, Mahindra Lifespace Developers share price on NSE was closed at ₹352.35, up by 0.63% from the previous closing price.
Mahindra Lifespaces' acquisition of a 15-acre land parcel in Kandivali East, Mumbai, is valued at a GDV of ₹5,600 crore with a development potential of 1.8 million sq. ft. This strategic move enhances the company's presence in a promising residential market.
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Published on: Jun 19, 2026, 4:30 PM IST
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