Mahindra Lifespaces Chosen for INR 1,010 Crore Matunga Redevelopment
Filing Summary
Mahindra Lifespace Developers Ltd has been selected as the preferred partner for a redevelopment project in Matunga, Mumbai. The project covers approximately 1.53 acres with a gross development value of INR 1,010 crore. The announcement was made on December 3, 2025. This project is part of Mahindra Lifespaces’ strategy to expand its presence in Mumbai’s real estate market. The redevelopment will focus on modern urban design and sustainability, aligning with the company’s commitment to building Net Zero homes by 2030.
Mahindra Lifespace Developers Ltd has been chosen as the preferred partner for a redevelopment project in Matunga, Mumbai. The project spans approximately 1.53 acres and has a gross development value of INR 1,010 crore. The company received the intimation on December 3, 2025, at 8:13 am.
The financial terms of the project indicate a gross development value of INR 1,010 crore. This figure represents the total expected value of the redevelopment project upon completion. The project is part of Mahindra Lifespaces’ ongoing efforts to expand its footprint in the Mumbai real estate market.
The scope of the project involves transforming an existing housing cluster into a modern community. The redevelopment will feature improved infrastructure, contemporary design, and enhanced lifestyle amenities. The site is located in Matunga, a well-established residential area with proximity to key social and business hubs, including Shivaji Park, educational institutions, healthcare facilities, and retail destinations.
The market context for this project is significant as it aligns with Mahindra Lifespaces’ strategy to strengthen its presence in Mumbai’s redevelopment landscape. The company aims to contribute to the transformation of established city micro-markets by focusing on sustainability and modern urban design.
The timeline for the project has not been explicitly stated in the filing. However, the announcement of the selection as the preferred partner was made on December 3, 2025. The project will be planned with a strong emphasis on sustainability and modern urban design, in line with Mahindra Lifespaces’ commitment to developing Homes of Positive Energy.
About Mahindra Lifespace Developers Ltd: Established in 1994, Mahindra Lifespaces is the real estate and infrastructure development arm of the Mahindra Group. The company focuses on creating thriving residential communities and enabling business ecosystems. It is committed to building Net Zero homes from 2030 onwards and has launched India’s first three Net Zero residential developments. Mahindra Lifespaces continues to work towards carbon neutrality by 2040 and actively supports research on green buildings tailored to India’s climatic conditions.