Mahindra Lifespace Developers Limited has informed the Exchange regarding a press release dated March 19, 2026, titled "Mahindra Lifespaces Launches Mahindra Rainforest on LBS Marg, Kanjur, a Premium Mixed‑Use Development in Central Suburbs Mumbai".
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Mahindra Lifespace Developers has launched the first two residential phases of 'Mahindra Rainforest', a premium mixed-use development on LBS Marg in Kanjur, central suburbs of Mumbai. The project sits on a ~25.47-acre parcel (part of a larger ~36.87-acre plot acquired in November 2024 via a joint development with GKW Ltd), and will be built by Anthurium Developers, a wholly owned subsidiary. The residential phases carry an estimated Gross Development Value (GDV) of around ₹3,000 crore and will offer 2 and 3 BHK premium homes, supported by over 3.5 lakh sq. ft. of amenities, a clubhouse, and 7+ acres of green spaces. The location benefits from strong road and metro connectivity (Metro Line 4, upcoming Goregaon-Mulund Link Road). The project aligns with the company's Net Zero homes commitment and its strategy to expand its Mumbai footprint as part of its 5x growth vision.
Adds a sizeable ~₹3,000 crore residential pipeline in a key Mumbai micro-market, strengthening future revenue visibility and bookings potential. Likely a positive sentiment trigger, though actual financial impact will depend on absorption and construction progress over the coming quarters.