Mahindra Lifespaces Adds ₹1,500 Crore GDV To Residential Portfolio
Mumbai: Mahindra Lifespace Developers Ltd (MLDL) announced on Monday that it has added three housing societies to its residential redevelopment portfolio in Mumbai , with a total potential gross development value (GDV) of ₹1,500 crore. Project Details The additions include two societies in a redevelopment project in Borivali and one additional society in an existing redevelopment project in…
Mumbai-based Mahindra Lifespace Developers Ltd has bolstered its residential redevelopment portfolio in the city by adding three new housing societies, with a combined potential gross development value of ₹1,500 crore. The new projects, which include two societies in Borivali and one in Chembur, are part of the company's strategy to expand its presence in Mumbai's existing redevelopment projects.
In an interview, Vimalendra Singh, Chief Business Officer – Residential at Mahindra Lifespace Developers, highlighted the potential of Mumbai's redevelopment market to grow the residential business in established locations. He emphasized that the newly added projects would contribute significantly to the company's residential portfolio and strengthen its position in Mumbai's redevelopment market.
The company's residential developments are not limited to Mumbai alone, as they also include projects in Pune, Chennai, and Bengaluru.
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