Mahindra Group's real estate arm, Mahindra Lifespace Developers Limited (MLDL), will redevelop a Matunga housing society, spanning across 1.53-acre land in Mumbai. This redevelopment project has an estimated revenue potential of ₹1,010 crore, bolstering the company's presence furthermore into the city. On December 3, the company in a regulatory filing made an announcement about being chosen to redevelop this residential redevelopment project.

• Due to this redevelopment project, Mahindra Lifespace aims to build a modern community that features contemporary design, access to multiple lifestyle amenities and enhanced infrastructure.

• The design of this redevelopment project in Matunga will have sustainability and modern urban planning to provide the residents with a perfectly blended lifestyle of comforts, convenience and luxury.

• Because of its strategic location, Mahindra Lifespace will offer excellent connectivity to major areas to create a fulfilling living environment.

With projects in seven Indian cities, the company's total saleable area is spread across 53.30 million sq ft of ongoing, completed and upcoming residential projects. Furthermore, it has 5,000 acres of projects under development including ongoing and upcoming projects across four locations.

Vimalendra Singh, the Chief Business Officer of Residential, Mahindra Lifespace Developers Ltd., said that its objective is to set a new benchmark by redeveloping the projects into modern designs and urban layouts. This transformation of turning the existing housing societies into a more enhanced structure represents the modern lifestyles preferred by the residents of Mumbai.

According to Vimalendra Singh, through Mahindra Lifespace's redevelopment project in Matunga, it not only aims to deliver homes that provide a sophisticated lifestyle but also spaces that create friendly and uplifting neighbourhoods. Due to this trust put in by the communities, the company's focus on contributing to the modern lifestyles make them one of the preferred choices for Matunga's redevelopment project. With this project in Matunga, Mahindra Lifespace's goal is to expand its footprints and portfolio across other city micro markets.