Date: 30 September 2026

Strategic Expansion Update

Mahindra Lifespace Developers Limited (MLDL) has expanded its residential redevelopment portfolio in Mumbai Metropolitan Region (MMR) with three new society additions representing a total potential Gross Development Value (GDV) of ₹1,500 crore.

Project Details

  • Added two societies in a redevelopment project located in Borivali
  • Added one additional society in an existing redevelopment project located in Chembur
  • Projects fall under the company's residential redevelopment portfolio

Strategic Context

According to Vimalendra Singh, Chief Business Officer – Residential, Mumbai's redevelopment market provides growth opportunities in established locations while leveraging the company's development track record. The expansion aligns with the company's approach to building a stronger and more diverse residential portfolio across Mumbai.

Portfolio Overview

Mahindra Lifespaces' residential portfolio spans premium developments across four major Indian cities:

  • Mumbai
  • Pune
  • Chennai
  • Bengaluru

Company Background

Established in 1994, Mahindra Lifespaces has a development footprint spanning 53.65 million sq. ft. (saleable area) of completed, ongoing and forthcoming residential projects across seven Indian cities. The company also has over 5000 acres of ongoing and forthcoming projects under development/management at its integrated developments/industrial clusters across four locations.

Brand Portfolio

The company operates through multiple brands:

  • Premium residential projects
  • Value homes under 'Mahindra Happinest®' brand
  • Integrated cities under 'Mahindra World City' brand
  • Industrial clusters under 'Origins by Mahindra' brand

Sustainability Commitment

Mahindra Lifespaces is a pioneer in Net Zero homes in India with commitments to:

  • Build only Net Zero homes from 2030 onwards
  • Achieve carbon neutrality by 2040
  • Maintain 100% Green portfolio since 2014

The company has already launched India's first three Net Zero residential developments:

  • One Net Zero Energy project
  • Two Net Zero Energy+ Waste projects

Awards and Recognition

The company has received over 90 awards for its projects and ESG initiatives.