Mahindra Lifespaces Acquires Mumbai Land for ₹5,600 Cr GDV

Mahindra Lifespace Developers Ltd. has acquired a 15-acre land parcel in Kandivali East, Mumbai, with an estimated Gross Development Value (GDV) of ₹5,600 crore. The project has a development potential of approximately 1.8 million square feet. This acquisition strengthens the company's Mumbai portfolio and aligns with its strategy of expanding in markets with strong end-user demand. The strategically located parcel benefits from excellent connectivity and social infrastructure, with further enhancement expected from the upcoming Borivali–Thane Twin Tunnel. This move is expected to create lasting value for customers and stakeholders.