Mahindra Lifespaces closes offers value ₹2,050 cr in Mumbai, Bengaluru

Mahindra Lifespace Builders, the true property and infrastructure improvement arm of the Mahindra Group, has introduced the closure of two offers in Mumbai and Bengaluru value Rs 2050 crore in gross improvement worth (GDV).

It has bagged a 3rd redevelopment undertaking in Mumbai with a income potential of ₹1,800 crore and bought a main land parcel in Bengaluru, from which it expects income of ₹250 crore.

Mahindra Lifespaces was chosen as the popular accomplice for redeveloping seven residential societies within the Mumbai suburb of Borivali West. The undertaking might be developed beneath the state’s cluster redevelopment coverage, it mentioned.

The corporate lately acquired 2.37 acres of land in Singasandra, south Bengaluru, positioned subsequent to its present Mahindra Zen undertaking. The land, it added, has a developable potential of roughly 2.5 lakh sq. toes.

“Each offers align with our deal with high-potential markets and underscore Mahindra Lifespaces’ dedication to delivering high quality dwelling areas throughout various city landscapes. As we strengthen our presence in key markets, we stay poised for sustained development and worth creation in India’s dynamic actual property sector,” mentioned MD & CEO Amit Kumar Sinha.