Mahindra Lifespace Developers Limited has informed the Exchange regarding a press release dated Jun 26, 2025, titled "Mahindra Lifespaces wins Mulund West redevelopment project worth ₹1,250 Crore".
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Mahindra Lifespace Developers has been appointed as the preferred developer for the redevelopment of St. Pius Ten CHS Limited, a premium housing society in Mulund (West), Mumbai. The project spans a 3.08-acre land parcel and carries an estimated Gross Development Value (GDV) of about ₹1,250 crore. The site enjoys strong connectivity, located 1.4 km from the upcoming Mumbai Metro Line 5 and 0.8 km from the Goregaon-Mulund Link Road, with easy access to the Eastern Express Highway. The company highlighted the project's alignment with its redevelopment philosophy focused on design, sustainability, and timely delivery.
This is a meaningful addition to MLDL's Mumbai redevelopment pipeline and reinforces its strategy of growing through society redevelopment deals in well-connected micro-markets. For shareholders, it signals continued order-book momentum in a high-demand corridor, though actual revenue recognition will be spread over the project's construction lifecycle.