Mahindra Lifespaces to redevelop Two Societies in Lokhandwala, Mumbai with a development value of 1,200 Cr

Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development arm of the Mahindra Group, announced today that it has been appointed as the preferred partner for the redevelopment of two residential societies in the Lokhandwala Complex, Andheri West, Mumbai, with a project value of approximately ₹1,200 crore.

The project will be pursued under the state's cluster development scheme. The redevelopment site is strategically located 15 minutes from the upcoming Versova-Bandra Sealink, providing excellent connectivity to other parts of the city.

Amit Kumar Sinha, Managing Director & CEO, Mahindra Lifespace Developers Ltd., said, "This strategic milestone significantly fortifies our presence in Mumbai's western suburbs, a pivotal market for our growth ambitions. We are most excited to leverage our expertise to create an exceptional living experience."

Vimalendra Singh, Chief Business Officer - Residential, Mahindra Lifespace Developers Ltd., said, "This project is a testament to the trust that customers have placed in Mahindra Lifespaces. They value our proven track record of delivering high-quality living spaces and our commitment to transparency. At Mahindra Lifespaces, we prioritize innovative designs, timely delivery, and uncompromising quality. By combining these values with our expertise in creating premium residences, we aim to exceed our customers' expectations and enhance the neighbourhood."

The area is also witnessing robust development of social and leisure infrastructure, including the upcoming coastal road. This premium project will offer residents a unique blend of comfort, convenience, and connectivity.

Shares of Mahindra Lifespace Developers Limited was last trading in BSE at Rs. 302.40 as compared to the previous close of Rs. 299.10. The total number of shares traded during the day was 44222 in over 2165 trades.

The stock hit an intraday high of Rs. 310.75 and intraday low of 297.70. The net turnover during the day was Rs. 13439306.00.

Source : Equity Bulls

Keywords

MahindraLifespaceDevelopers INE813A01018 Realty Redevelopment TwoSocieties Lokhandwala Mumbai