Mahindra Group Company Secures New Redevelopment Mandate in Matunga with a GDV of Rs 1,010 Crore
DSIJ Intelligence-1 / 03 Dec 2025/ Categories: Mindshare, Trending
The stock is up over 60 per cent from its 52-week low of Rs 253.78 per share and has given multibagger returns of 315 per cent in 5 years.
Mahindra Lifespace Developers Limited (MLDL), the Real Estate and infrastructure development arm of the Mahindra Group, has been selected as the preferred development partner for a major residential redevelopment project in Matunga, Mumbai. The project spans approximately 1.53 acres, with a gross development value of around INR 1,010 crore, further strengthening our footprint in the Mumbai micro market.
This upcoming development will transform the existing housing cluster into a modern community featuring improved infrastructure, contemporary design and enhanced lifestyle amenities. Located in Matunga, the site benefits from seamless connectivity to key social and business hubs. The micro market is a well-established residential catchment with proximity to Shivaji Park, leading educational institutions, healthcare facilities, retail destinations, robust transport networks and nearby metro links.
The redevelopment will be planned with a strong emphasis on sustainability and modern urban design, in line with Mahindra Lifespaces’ commitment to developing Homes of Positive Energy. Residents will benefit from enhanced infrastructure, improved lifestyle amenities and superior connectivity. With this addition, Mahindra Lifespaces continues to strengthen its presence in Mumbai’s redevelopment landscape, further expanding its footprint in established city micro-markets.
About the Company
Mahindra Lifespace Developers Ltd, incorporated in 1999, is a prominent real estate developer with a diverse portfolio encompassing residential facilities and commercial complexes. Beyond traditional real estate, the company, through its subsidiaries, actively participates in various infrastructure projects, notably the development of Special Economic Zones (SEZs) and Industrial Clusters. Strategically, Mahindra Lifespace Developers Ltd aims to expand its residential footprint in key markets like Mumbai, Pune and Bengaluru, building on its established success, while also remaining open to new opportunities in other regions. A core focus for the company is the growth of its mid-premium and premium housing segments.
Talking about the financials, Mahindra Lifespace Developers has a market cap of over Rs 9,000 crore and has been maintaining a healthy dividend payout of 49.2 per cent. On Wednesday, shares of Mahindra Lifespace Developers were in green, up 1.40 per cent to Rs 425 per share from its previous closing of Rs 419.30 per share. The stock is up over 60 per cent from its 52-week low of Rs 253.78 per share and has given multibagger returns of 315 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.