Mahindra Lifespaces Signed Joint Venture Deal in Mumbai’s Bhandup

Mahindra Lifespaces Signed Joint Venture Deal in Mumbai’s Bhandup

Mahindra Lifespaces Revives Massive Mumbai Land Parcel for Mixed-Use Development. Mahindra Lifespaces has partnered with landowner K K Bangur to breathe new life into a long-dormant land parcel in Mumbai’s Bhandup.

Project Details:

• Location: Bhandup, Mumbai
• Land Area: 37 acres (one of the largest in Mumbai)
• Project Type: Mixed-use development (residential, retail, and office spaces)
• Estimated Value: Rs. 8,000 crore – Rs. 11,000 crore
• Development Timeline: 8-10 years

Project Highlights:

• Joint Venture: Mahindra Lifespaces will collaborate with K K Bangur to develop the land.
• Unlocking Potential: This project revives a large, previously underutilized land parcel, contributing to Mumbai’s development.
• Value Creation: The project’s estimated value signifies a significant investment and potential economic benefits for the area.
• Public Amenities: The development incorporates plans for a public park, municipal school, playground, and cultural theatre, enhancing the surrounding community.

Project History:

• Previously Owned by GKW: The land parcel was owned by the defunct engineering firm Guest Keen Williams (GKW).
• Previous Sale Attempt: GKW previously attempted to sell the land for Rs. 2,500 crore but struggled to find buyers.

This joint venture between Mahindra Lifespaces and K K Bangur signifies a major development for Mumbai’s Bhandup area. The project promises not only economic growth but also the creation of valuable public amenities, shaping the future of the neighbourhood.

 

Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article or want to publish your news or article please email news@jvdeals.in