MAHINDRA LIFESPACES MULUND WEST REDEVELOPMENT — New Project Coming Up in Mulund West, Mumbai
Premium Housing Redevelopment in Central Mumbai
Mahindra Lifespace Developers Limited has been appointed as the preferred developer for the redevelopment of a premium housing society in Mulund West, Mumbai. The project spans a 3.08-acre land parcel and has an estimated development value of approximately ₹1,250 crore.
Location and Connectivity
The site offers excellent connectivity, being just 1.4 km from the upcoming Mumbai Metro Line 5 and 0.8 km from the Goregaon-Mulund Link Road. It also provides seamless access to the Eastern Express Highway and the Mulund-Airoli Bridge, facilitating convenient travel to Navi Mumbai and other business hubs.
Between April 2024 and March 2025, Mulund West recorded 1,891 new property sale transactions with a gross sales value of ₹3,960 crore. As of the first quarter of the calendar year 2025, the property rate in the area stood at ₹34,534 per square foot, up from ₹33,779 per square foot in Q1 CY24.
Development Philosophy
Mahindra Lifespaces' redevelopment philosophy centres around creating value for residents and the city. The project aligns with the developer's focus on design, sustainability, and timely delivery across its residential portfolio.
About Mahindra Lifespaces
Established in 1994, Mahindra Lifespace Developers Ltd brings the Mahindra Group's philosophy of 'Rise' to India's real estate and infrastructure industry through thriving residential communities and enabling business ecosystems. Mahindra Lifespaces' development footprint spans 41.11 million square feet of completed, ongoing and forthcoming residential projects.
As a pioneer in Net Zero homes in India, Mahindra Lifespaces is committed to building only Net Zero homes from 2030 onwards, and has already launched India's first three Net Zero residential developments. With a 100% Green portfolio since 2014, the company is working towards carbon neutrality by 2040.
In April, the company announced its appointment as the preferred partner for the redevelopment of two residential societies in the Lokhandwala Complex, Andheri West, Mumbai, with a gross development value of approximately ₹1,200 crore.