Strengthens presence in Mumbai’s western suburbs with premium housing development under state’s cluster redevelopment scheme
Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development arm of the Mahindra Group, has been selected as the preferred redevelopment partner for two prominent residential societies in Lokhandwala Complex, Andheri West, Mumbai. The redevelopment project, valued at approximately ₹1,200 crore, marks a major milestone in Mahindra Lifespaces’ growth strategy in Mumbai’s western suburbs.
To be undertaken under the Maharashtra Government’s cluster development scheme, this project will offer a premium residential experience in one of Mumbai’s most sought-after neighborhoods. Strategically located just 15 minutes from the upcoming Versova-Bandra Sealink and in proximity to the proposed coastal road, the development promises unmatched connectivity, elevated urban living, and long-term investment value.
“This strategic milestone significantly fortifies our presence in Mumbai’s western suburbs, a pivotal market for our growth ambitions. We are most excited to leverage our expertise to create an exceptional living experience,” said Amit Kumar Sinha, Managing Director & CEO, Mahindra Lifespace Developers Ltd.
Vimalendra Singh, Chief Business Officer – Residential, added, “This project is a testament to the trust that customers have placed in Mahindra Lifespaces. They value our proven track record of delivering high-quality living spaces and our commitment to transparency. At Mahindra Lifespaces, we prioritize innovative designs, timely delivery, and uncompromising quality. By combining these values with our expertise in creating premium residences, we aim to exceed our customers’ expectations and enhance the neighbourhood.”
The Lokhandwala area is already a well-established residential hub, now further enriched by ongoing social and leisure infrastructure upgrades. This project will cater to discerning homebuyers seeking modern living, sustainable design, and seamless access to key business and lifestyle districts in Mumbai.
India’s real estate sector has evolved into a key driver of economic growth, contributing over 7% to the country’s GDP and expected to reach $1 trillion in market size by 2030. With rapid urbanization, a growing middle class, and increasing demand for housing and commercial spaces, the sector has witnessed a steady uptick in development activity, especially in metros like Mumbai, Bengaluru, Pune, and Delhi NCR.
In Mumbai, redevelopment projects—especially under cluster development and SRA (Slum Rehabilitation Authority) schemes—have become a strategic avenue for real estate players to unlock value in densely populated areas where fresh land is scarce.
The outlook for India’s real estate market remains optimistic, bolstered by infrastructural projects like metro extensions, coastal roads, and new expressways. Redevelopment in prime urban zones—such as Lokhandwala—is expected to see increasing interest from both end-users and investors due to better planning, enhanced amenities, and improved resale potential.
With increasing focus on sustainability, design innovation, and quality construction, trusted developers like Mahindra Lifespaces are well-positioned to meet the evolving expectations of modern Indian homebuyers.
Mahindra Lifespace Developers Limited (MLDL) is a pan-India real estate developer and a part of the USD 20.7 billion Mahindra Group. It operates through two verticals: Residential (under the ‘Mahindra Lifespaces’ and ‘Mahindra Happinest’ brands) and Integrated Cities & Industrial Clusters (under the ‘Mahindra World City’ and ‘Origins by Mahindra’ brands).
