Mahindra Lifespace Developers Limited is the real estate and infrastructure development arm of the Mahindra Group. Established in 1994, the company brings the Mahindra Group's philosophy of 'Rise' to India's real estate and infrastructure industry through thriving residential communities and enabling business ecosystems. The company's development footprint spans 53.65 million square feet of completed, ongoing and forthcoming residential projects across seven Indian cities, and over 5,000 acres of ongoing and forthcoming projects under development or management at its integrated developments and industrial clusters.
Within Mumbai's western suburbs, Kandivali East has become one of Mahindra Lifespace's most active micro-markets. The company has accumulated a two-stage commitment here: a completed first major project, and now a freshly announced land acquisition that significantly expands its local development pipeline.
Mahindra Lifespace Developers announced Mahindra Vista as India's first Net Zero Waste + Energy residential project, located in Kandivali East, Mumbai. The project spreads across 7.74 acres with a tower footprint of less than 12%, offering 2, 3, and 4 BHK premium residences with balconies, ranging in size from 422 to 1,624 sq ft, and consisting of 1,200 units.
Mahindra Vista is located on Akurli Road, Kandivali East, with the Western Express Highway 1.4 km away, Akurli Metro Station 1.8 km away, and Kandivali Railway Station 2.4 km away. The project is situated next to Sanjay Gandhi National Park, at the junction of Akurli Road.
Phase 1 of Mahindra Vista generated ₹800 crore in just three days, a result Mahindra's Chief Business Officer described as a testament to the trust customers place in the brand. Phase 2, launched in February 2025, introduced 599 premium residences, all with balconies.
The sustainability credentials at Mahindra Vista are not incidental — they are structural. The project is a milestone for Net Zero living in India, with 100% of the energy used coming from renewable sources, supported by demand reduction through sustainable architecture. With 3.53 acres of lush greens, 1.92 acres of landscaped zones, an urban forest, and a seasonal pond pavilion, the heart of the development is a 28,000 sq ft biophilic-roof clubhouse, featuring an infinity-edge pool on a 1.6-acre podium.
| Configuration | Carpet Area |
|---|---|
| 1 BHK | 432 sq ft |
| 2 BHK | 601 – 813 sq ft |
| 3 BHK | 934 – 1,061 sq ft |
| 4 BHK | 1,624 sq ft |
Premium 2, 3 and 4 BHK residences at Mahindra Vista start at Rs. 2.15 Cr. The project is registered with MahaRERA as Mahindra Vista Phase 1 (No. P51800054671, valid up to 31/12/2029) and Mahindra Vista Phase 2 (No. P51800079147, valid up to 31/12/2030).
In June 2026, Mahindra Lifespace Developers acquired a 15-acre land parcel in Kandivali East, Mumbai, to develop a housing project with an estimated revenue potential of ₹5,600 crore and a development area of around 1.8 million sq ft. The land was acquired through a competitive bidding process.
Commenting on the acquisition, Vimalendra Singh, Chief Business Officer – Residential, 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."
Together, Mahindra Vista and this new land parcel place Mahindra Lifespace among the largest committed residential developers in Kandivali East by total development value, with the two projects collectively representing roughly ₹6,400 crore in estimated GDV.
Kandivali East has historically been more affordable and denser than its western counterpart, but is rapidly upgrading on the back of metro connectivity and new developer supply. That trajectory aligns precisely with what Mahindra Lifespace looks for when committing capital to an urban micro-market.
On the connectivity side, the inputs are tangible. The open greenfield land parcel benefits from excellent connectivity to the Western Express Highway and existing metro corridors. Kandivali East is served by the Western Express Highway, Mumbai Metro Lines 2 and 7, and Kandivali Railway Station. The project's accessibility is expected to be further enhanced by the upcoming Borivali–Thane Twin Tunnel, a landmark infrastructure initiative set to significantly reduce travel time between Mumbai's western suburbs and Thane.
In 2026, two structural changes have sharply raised the investment profile of the Malad-Kandivali corridor: the full operationalisation of Metro Lines 2A and 7 connecting Dahisar to DN Nagar via the Kandivali–Malad stretch, and the emerging pipeline of the Goregaon–Mulund Link Road, which is projected to cut the east-west commute from 90 minutes to under 25 minutes by 2028.
The price signal in the area is equally clear. According to Housing.com, average property prices in Kandivali East during Q1 2026 stood at ₹23,312 per square foot, up 24.46 per cent year-on-year. Property prices in Kandivali East have changed +4.9% in one year and +28.8% over the last five years.
Social infrastructure is already in place for the households Mahindra targets. The location is supported by established social infrastructure, including schools, hospitals, and retail hubs, and continues to witness strong residential absorption driven by end-user demand. Schools near Mahindra Vista include Lokhandwala Foundation School, Thakur International School, Gundecha Education Academy, and Cambridge School; retail destinations include Growel's 101 Mall; and healthcare facilities such as Kokilaben Dhirubhai Ambani Hospital are within reach.
Kandivali East sits within a larger strategy of urban deepening in Mumbai. Earlier projects in the Mumbai Metropolitan Region include Mahindra VICINO in Andheri East and Mahindra Roots in Kandivali East — both IGBC-certified developments. More recently, Mahindra Lifespace launched Mahindra Rainforest, a premium mixed-use development in Kanjurmarg, Mumbai, spread across over 25 acres with an estimated development value of ₹3,000 crore. In the western suburbs directly, Mahindra Codename64 in Malad West represents the company's entry into Mumbai's redevelopment space, offering 2 and 3 BHK residences.
As a pioneer in Net Zero homes in India, Mahindra Lifespaces is committed to building only Net Zero homes from 2030 onwards, having already launched India's first three Net Zero residential developments. The company has maintained a 100% green portfolio since 2014 and is working towards carbon neutrality by 2040. For a buyer evaluating Kandivali East, this means that both the existing Mahindra Vista and the incoming 15-acre development will be held to the same sustainability standard that distinguishes Mahindra Lifespace's product from most of its peers in the corridor.
Mahindra Lifespaces reported consolidated sales of ₹4,118 crore in FY26, up 25 per cent year-on-year, with residential pre-sales of ₹3,405 crore, up 21.43 per cent year-on-year. As of FY26, the total GDV of Mahindra Lifespaces' overall portfolio stood at ₹45,180 crore. The Kandivali East additions, representing ₹5,600 crore in GDV alone, reflect how central this micro-market has become to the company's Mumbai growth calculus.
