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Mahindra Lifespace Developers Limited has been appointed as the developer for a significant redevelopment project in Lokhandwala Complex, Andheri West, Mumbai, with a Gross Development Value (GDV) of approximately Rs 950 crore. This strategic move marks the company’s fourth redevelopment project in Mumbai, highlighting its expanding footprint in the region. The project will adhere to the state’s cluster redevelopment policy and is well-positioned, just 15 minutes away from the upcoming Versova-Bandra Sealink, enhancing its connectivity to other parts of the city.
Amit Kumar Sinha, Managing Director & CEO, emphasized that this project reinforces the company's presence in Mumbai's western suburbs and is expected to foster sustainable living and modern design. The development aligns with Mahindra Lifespaces' commitment to creating premium living spaces that inspire communities while maintaining a strong focus on environmental sustainability. Investors should view this development as a potential growth opportunity, contributing to the company's long-term strategic objectives.
All announcements from Mahindra Lifespace Developers Limited