Deals3 Feb 2025, 07:22 pm
Mahindra Lifespaces Secures Rs 950 Crore Redevelopment Deal in Lokhandwala, Mumbai
AI Summary
Mahindra Lifespace Developers Limited (MLDL) has been appointed as the developer for a redevelopment project in Lokhandwala Complex, Andheri West, Mumbai. The project, which is located 15 minutes from the upcoming Versova-Bandra Sealink, offers a Gross Development Value (GDV) of approximately Rs 950 crore. This strategic move strengthens Mahindra Lifespaces' presence in the western suburbs of Mumbai and is a testament to the company's commitment to sustainable living, modern design, and creating spaces that inspire and elevate everyday life.
Key Highlights
- Mahindra Lifespaces has been appointed as the developer for a redevelopment project in Lokhandwala Complex, Andheri West, Mumbai.
- The project offers a Gross Development Value (GDV) of approximately Rs 950 crore.
- The project is located 15 minutes from the upcoming Versova-Bandra Sealink, providing great connectivity to other parts of the city.
- This strategic move strengthens Mahindra Lifespaces' presence in the western suburbs of Mumbai.
- The project will be developed under the state’s cluster redevelopment policy.