Mumbai: Mahindra Lifespace Developers Limited, the real estate and infrastructure development arm of the Mahindra Group, has announced the acquisition of a 15-acre land parcel in Kandivali East, Mumbai.
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According to the company, the project has an estimated Gross Development Value (GDV) of approximately ₹5,600 crore and a development potential of around 1.8 million square feet.
Commenting on the acquisition, Vimalendra Singh, Chief Business Officer – Residential, Mahindra Lifespace Developers Limited, said, “We are pleased to add this project to our growing Mumbai portfolio. Building on the success of Mahindra Vista in the Kandivali micro-market, this acquisition further strengthens our presence in one of Mumbai’s most promising residential destinations. Acquired through a competitive bidding process, the opportunity aligns with our strategy of expanding in markets with strong end-user demand and long-term growth potential. We remain focused on delivering thoughtfully planned communities that create lasting value for customers and stakeholders alike.”
The land parcel is located in Kandivali East and offers connectivity to the Western Express Highway and existing metro corridors.
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The location is supported by established social infrastructure, including schools, hospitals and retail centres. The area has also witnessed residential demand driven by end-users.
The project’s connectivity is expected to improve further with the proposed Borivali–Thane Twin Tunnel project, which is expected to reduce travel time between Mumbai’s western suburbs and Thane while strengthening regional connectivity.
