Mahindra Lifespaces wins Mulund West redevelopment project worth ₹1,250 Crore

Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development arm of the Mahindra Group, today announced its appointment as the preferred developer for the redevelopment of a premium housing society in Mulund (West), Mumbai. The project spans across a 3.08-acre land parcel and has an estimated development value of approximately ₹1,250 crore.

The site offers excellent connectivity, being just 1.4km from the upcoming Mumbai Metro Line 5 and 0.8 km from the Goregaon-Mulund Link Road. It also provides seamless access to the Eastern Express Highway and the Mulund-Airoli Bridge, facilitating convenient travel to Navi Mumbai, and other business hubs.

Mr.Vimalendra Singh, Chief Business Officer - Residential, Mahindra Lifespace Developers Ltd, said: "At Mahindra Lifespaces, our redevelopment philosophy centres around creating value for residents and the city. We aim to blend design excellence with sustainability and on time delivery. With robust connectivity and access to employment hubs in South Mumbai, Navi Mumbai and Thane, this project is poised to be a key contributor to the area's continued growth story."

Shares of Mahindra Lifespace Developers Limited was last trading in BSE at Rs. 361.25 as compared to the previous close of Rs. 367.75. The total number of shares traded during the day was 16458 in over 1084 trades.

The stock hit an intraday high of Rs. 373.00 and intraday low of 359.40. The net turnover during the day was Rs. 6005118.00.

Source : Equity Bulls

Keywords

MahindraLifespaceDevelopers INE813A01018 Realty PreferredDeveloper Redevelopment PremiumHousingSociety MulundWest