Mahindra Lifespaces has Signed 4.8 acre JV Deal in Dahisar, Mumbai

Mahindra Lifespaces Announces First Project in Dahisar, Mumbai. Mahindra Lifespaces, Mahindra Group’s real estate arm, has finalized a joint development agreement in Dahisar East, Mumbai. This JV Deal in Dahisar East, Mumbai is 4.8 acres of land and has the potential of approx 5 lac sq. ft carpet area.

Key details:

• Project Location: 4.8-acre land parcel in Dahisar East, strategically located on the Western Express Highway.
• Project Size: Approximately 5 lakh sq. ft. of carpet area.
• Significance:
  • Mahindra Lifespaces’ first project in Dahisar.
  • Aligns with the company’s focus on high-demand micro-markets.
  • Strengthens presence in the Mumbai Metropolitan Region, a key growth area.

Management Commentary:

Arvind Subramanian, MD & CEO of Mahindra Lifespaces, highlighted:

• Dahisar’s attractiveness due to good connectivity (road and metro) and developed infrastructure.
• This project aligns with their successful strategy of entering well-established suburbs.

About Mahindra Lifespaces

• Established in 1994.
• Mahindra Group’s philosophy of “Rise” in real estate and infrastructure.
• Development portfolio across seven Indian cities:
  • Residential projects (premium and value homes under “Mahindra Happinest®”)
  • Integrated cities and industrial clusters (“Mahindra World City” and “Origins by Mahindra”)
• Focus on innovation, design, and sustainability.
• First real estate company in India committed to Science Based Targets initiative (SBTi) for emission reduction.

This project signifies Mahindra Lifespaces’ expansion strategy and commitment to sustainable development in Mumbai.