Mahindra Lifespaces buys 15-acre land in Mumbai to build Rs 5,600 cr housing project

New Delhi: Realty firm Mahindra Lifespace Developers has acquired a 15-acre land parcel in Mumbai to develop a housing project with an estimated revenue of Rs 5,600 crore.

In a regulatory filing on Friday, the company said the land parcel is located at Kandivali East, Mumbai.

The project has an estimated revenue potential of Rs 5,600 crore and development potential of around 1.8 million square feet.


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The land has been acquired through a competitive bidding process, the company said, but did not disclose the bid value.

Established in 1994, Mahindra Lifespace Developers' development footprint spans 53.65 million sq ft of completed, ongoing and forthcoming residential projects across seven Indian cities.

It also has over 5,000 acres of ongoing and forthcoming projects under development/ management at its integrated developments/ industrial clusters across four locations.