Mahindra Lifespaces to redevelop Two Housing Societies in Chembur with a combined development potential of ~INR 1,700 Cr

Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development arm of the Mahindra Group, today announced being chosen as the partner for two society redevelopment projects in Chembur, Mumbai, with a combined gross development potential of approximately INR 1,700 Cr.

The two societies span ~2.6 acres and ~1.8 acres respectively. The redevelopment will deliver wellplanned homes, designed with a focus on sustainability, modern amenities, and connectivity. It will offer residents an enhanced living experience while creating long-term value through thoughtful design and environmentally responsible practices.

Vimalendra Singh, Chief Business Officer - Residential, Mahindra Lifespace Developers Ltd., said "Redevelopment continues to play an important role in our growth journey. It enables us to bring highquality residential projects to neighbourhoods where demand remains strong. We are grateful for the trust the societies have placed in us, and through this project we look forward to contributing to the growth story of Chembur."

The project is located in the Diamond Garden area, in Chembur. Long known for its strategic location connecting the city's business districts with the eastern suburbs, Chembur is set to benefit further from recent announcements permitting higher redevelopment potential, enhancing long-term value creation.

Situated just 1.5 kilometres from the Eastern Freeway, the projects offer direct access to Thane, Navi Mumbai and other key parts of Mumbai. Connectivity will be further strengthened by the Diamond Garden Metro Station on Line 2, along with nearby Monorail and Railway links. Proximity to business hubs such as BKC and Powai makes the location highly accessible and well-positioned for the future.

Shares of Ansal Properties & Infrastructure Limited was last trading in BSE at Rs. 4.96 as compared to the previous close of Rs. 5.00. The total number of shares traded during the day was 5543 in over 14 trades.

The stock hit an intraday high of Rs. 5.04 and intraday low of 4.90. The net turnover during the day was Rs. 27222.00.

Source : Equity Bulls

Keywords

AnsalPropertiesandInfrastructure INE436A01026 Realty Redevelopment HousingSocieties Chembur