A New Mahindra Landmark in Kandivali East
Mahindra Lifespace Developers Limited has announced the acquisition of a 15-acre land parcel in Kandivali East, Mumbai, marking one of its largest recent moves in the city. Mahindra Lifespace Developers Limited, the real estate and infrastructure development arm of the Mahindra Group, announced the acquisition of a 15-acre land parcel in Kandivali East, Mumbai, with an estimated Gross Development Value (GDV) of approximately ₹5,600 crore and a development potential of around 1.8 million square feet. The opportunity was acquired through a competitive bidding process, aligning with the company's strategy of expanding in markets with strong end-user demand and long-term growth potential.
The new parcel sits right next to one of Mahindra's most successful ongoing addresses in the city. Commenting on the acquisition, Vimalendra Singh, Chief Business Officer – Residential, Mahindra Lifespace Developers Limited, said the company is pleased to add this project to its growing Mumbai portfolio, building on the success of Mahindra Vista in the Kandivali micro-market. This proximity means the new development benefits from an already-established, well-loved residential neighbourhood rather than starting from scratch in an untested pocket.
Connectivity is a core strength of the site. The open greenfield land parcel benefits from excellent connectivity to the Western Express Highway and existing metro corridors, with the location supported by established social infrastructure including schools, hospitals, and retail hubs. Accessibility is also expected to be further enhanced by the upcoming Borivali–Thane Twin Tunnel, a landmark infrastructure initiative set to significantly reduce travel time between Mumbai's western suburbs and Thane.
This acquisition adds to an already substantial development book for the developer. Mahindra Lifespaces' development footprint spans 53.65 million sq. ft. (saleable area) of completed, ongoing and forthcoming residential projects across seven Indian cities, along with over 5,000 acres under development or management at its integrated townships and industrial clusters. The Company is committed to building only Net Zero homes from 2030 onwards, reinforcing sustainability as a core design principle for future projects like this one.
