Mahindra
Lifespace Developers Limited (MLDL), the real estate and infrastructure
development arm of the Mahindra Group, today announced being chosen as the
partner for two society redevelopment projects in Chembur, Mumbai, with a
combined gross development potential of approximately INR 1,700 Cr.
The
two societies span ~2.6 acres and ~1.8 acres respectively. The redevelopment
will deliver well-planned homes, designed with a focus on sustainability,
modern amenities, and connectivity. It will offer residents an enhanced living
experience while creating long-term value through thoughtful design and
environmentally responsible practices.
Vimalendra Singh, Chief Business Officer Residential,
Mahindra Lifespace Developers Ltd.,
said “Redevelopment continues to play an important role in our growth journey.
It enables us to bring high-quality residential projects to neighbourhoods
where demand remains strong. We are grateful for the trust the societies have
placed in us, and through this project we look forward to contributing to the
growth story of Chembur.”
The
project is located in the Diamond Garden area, in Chembur. Long known for its
strategic location connecting the city’s business districts with the eastern
suburbs, Chembur is set to benefit further from recent announcements permitting
higher redevelopment potential, enhancing long-term value creation.
Situated
just 1.5 kilometres from the Eastern Freeway, the projects offer direct access
to Thane, Navi Mumbai and other key parts of Mumbai. Connectivity will be
further strengthened by the Diamond Garden Metro Station on Line 2, along with
nearby Monorail and Railway links. Proximity to business hubs such as BKC and
Powai makes the location highly accessible and well-positioned for the future.
