Mahindra Lifespace Developers has been chosen to redevelop a residential society in Matunga (West), Mumbai, with a total development value of around ₹1,010 crore. The project covers 1.53 acres and aims to convert an old housing cluster into a modern residential community.

The company said the redevelopment will include upgraded infrastructure, contemporary design elements, and better lifestyle amenities for residents.

Why This Project Matters

According to the company, this mandate highlights the trust that housing societies place in Mahindra Lifespaces.

Vimalendra Singh, Chief Business Officer – Residential, said that Matunga is a premium and well-developed locality, and the project gives the company a chance to design homes for today’s lifestyle needs while improving the neighbourhood.

Recent Redevelopment Wins

This is not the company’s only redevelopment success. In October 2025, Mahindra Lifespaces received approval to redevelop 4 residential societies in Malad (West). That project covers 1.65 acres and has a revenue potential of about ₹800 crore.

Mumbai’s Redevelopment Market Is Booming

Mumbai’s society redevelopment segment has been growing quickly. By 2030, redevelopment projects in the MCGM region are expected to create around 44,277 new homes, valued at ₹1.31 trillion, according to Knight Frank India.

Since 2020, about 910 societies have signed redevelopment agreements, unlocking nearly 326.8 acres of land based on FSI norms.

Read More: Sterling and Wilson Renewable Energy Share Price Rises as Reliance-Linked Indemnity Update Offers Clarity.

Matunga West Market Trends

Matunga West continues to be a preferred residential area. Between October 2024 and September 2025, it saw 81 property sale transactions, worth ₹233 crore in total. As of Q3 2025, the average property price in the area was ₹50,391 per sq ft, slightly lower than ₹56,420 per sq ft recorded a year earlier.

Mahindra Lifespace Developers Share Price Movement

Mahindra Lifespace Developers share price was trading at ₹416.35 as of 2:11 PM on December 3, 2025, down ₹3.20 (0.76%) for the day. The stock opened at ₹422.95, touched a high of ₹424.65, and slipped to a low of ₹415.00 during the session. The company currently holds a market capitalisation of ₹8,880 crore, with a P/E ratio of 45.54 and a dividend yield of 0.67%. Over the past year, the stock has traded between a 52-week high of ₹474.66 and a 52-week low of ₹255.87.

Conclusion

With this new ₹1,010 crore project, Mahindra Lifespaces strengthens its position in Mumbai’s rapidly growing redevelopment market. As demand for modern housing rises and old buildings make way for new ones, the company is well-placed to unlock high-value opportunities across the city.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.