Mahindra Lifespace Developers Limited (MLDL) has been selected as the partner for the redevelopment of two housing societies in Chembur, Mumbai, with an estimated combined gross development potential of approximately ₹1,700 crore. The information was received on September 16, 2025, at 3:58 pm.
The two societies encompass approximately 2.6 acres and 1.8 acres, respectively. The redevelopment aims to deliver well-planned homes with a focus on sustainability, modern amenities, and connectivity, enhancing the living experience for residents and creating long-term value through thoughtful design and environmentally responsible practices.
Vimalendra Singh, Chief Business Officer – Residential, Mahindra Lifespace Developers Ltd., stated that redevelopment plays a crucial role in their growth, enabling them to introduce high-quality residential projects in areas with strong demand. He expressed gratitude for the trust placed in them by the societies and looks forward to contributing to Chembur's growth through this project.
The project is situated in the Diamond Garden area of Chembur, known for its strategic location connecting Mumbai's business districts with the eastern suburbs. Recent announcements permitting higher redevelopment potential are expected to further enhance long-term value creation in the area.
Located just 1.5 kilometers from the Eastern Freeway, the projects provide direct access to Thane, Navi Mumbai, and other key parts of Mumbai. Connectivity will be further enhanced by the Diamond Garden Metro Station on Line 2, along with nearby Monorail and Railway links. The proximity to business hubs such as BKC and Powai makes the location highly accessible and well-positioned for the future.
Established in 1994, Mahindra Lifespaces Developers Ltd. brings the Mahindra Group's philosophy of 'Rise' to India's real estate and infrastructure industry through thriving residential communities and enabling business ecosystems. The Company's development footprint spans 49.26 million sq. ft. (saleable area) of completed, ongoing, and forthcoming residential projects across seven Indian cities, and over 5000 acres of ongoing and forthcoming projects under development/management at its integrated developments/industrial clusters across four locations. Mahindra Lifespaces' development portfolio comprises premium residential projects, value homes under the 'Mahindra Happinest®' brand, and integrated cities and industrial clusters under the ‘Mahindra World City' and 'Origins by Mahindra' brands, respectively. The Company leverages innovation, thoughtful design, and a deep commitment to sustainability to craft quality life and business growth.
As a pioneer in Net Zero homes in India, Mahindra Lifespaces is committed to building only Net Zero homes from 2030 onwards. The company has already launched India's first three Net Zero residential developments: One Net Zero Energy and two Net Zero Energy+ Waste, showcasing its dedication to environmental responsibility and innovation. With a 100% Green portfolio since 2014, the Company is working towards carbon neutrality by 2040 and actively supports research on green buildings tailored to climatic conditions in India.
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