December 4, 2025: Mahindra Lifespace Developers Ltd., the real estate arm of the Mahindra Group, has been selected as the preferred partner to redevelop a housing society in Matunga, Mumbai, aiming to generate Rs 1,010 crore in revenue from the sale of free area.
In a regulatory filing on Wednesday, the company stated, “The project spans approximately 1.53 acres, with a gross development value of around Rs 1,010 crore, further strengthening our footprint in the Mumbai micro market.”
Mahindra Lifespace has a substantial presence in the residential real estate sector, with a development footprint of 53.30 million sq ft of completed, ongoing, and upcoming projects across seven Indian cities. The firm has also undertaken large-scale industrial cluster developments, managing and developing over 5,000 acres across four locations.
The Matunga redevelopment project forms part of Mahindra Lifespace’s strategy to expand its residential portfolio in Mumbai, one of the country’s most active real estate markets. By leveraging its expertise in residential redevelopment, the firm aims to deliver modern, high-quality housing while optimising land use and maximizing revenue potential.
With the Mumbai project, Mahindra Lifespace continues to consolidate its position in the micro markets of the city, reflecting its broader growth plans across India. The redevelopment is expected to incorporate contemporary design, improved amenities, and efficient space utilisation, aligning with the company’s track record of premium residential offerings.
The firm’s focus on strategic redevelopment projects in high-demand urban areas underscores its long-term vision of sustainable growth, robust returns, and strengthened market presence in Mumbai’s competitive real estate landscape.
The project is anticipated to contribute significantly to Mahindra Lifespace’s revenue while addressing the rising demand for modern housing in central Mumbai neighborhoods.
Source: The Hindu Businessline
