Mahindra Lifespaces and Livingstone Infra to Redevelop Mahalaxmi Project in Mumbai

Mahindra Lifespaces, the real estate and infrastructure arm of the Mahindra Group, has joined hands with Livingstone Infra for a significant cluster redevelopment project in Mahalaxmi, Mumbai. This strategic partnership marks Mahindra Lifespaces’ entry into South Mumbai’s premium real estate market, further strengthening its presence in the city’s luxury housing segment.

Massive Investment of INR 1,650 Crore in Mahalaxmi Redevelopment

The upcoming redevelopment project in Mahalaxmi boasts a gross development value (GDV) of INR 1,650 crore. This ambitious initiative aligns with Mahindra Lifespaces’ vision of transforming urban living through sustainable and high-end developments.

Amit Kumar Sinha, Managing Director & CEO of Mahindra Lifespaces, emphasized the significance of this venture, stating, “This development marks Mahindra Lifespaces’ strategic expansion into South Mumbai’s premium real estate market.”

Redevelopment Plans in Andheri West Also Underway

In addition to the Mahalaxmi project, Mahindra Lifespaces is actively involved in another redevelopment project in Lokhandwala Complex, Andheri West. This project has an estimated GDV of approximately INR 950 crore, reinforcing the company’s commitment to revamping key residential pockets in Mumbai.

Mahindra Lifespaces Raises INR 1,500 Crore for Growth and Debt Reduction

To support its expansion and streamline its financials, Mahindra Lifespaces recently raised INR 1,500 crore through a rights issue. The capital infusion will be utilized for debt reduction and to fuel the company’s growth ambitions, ensuring a strong financial position to undertake large-scale redevelopment projects.

Transforming Mumbai’s Skyline with Premium Developments

With this partnership, Mahindra Lifespaces and Livingstone Infra aim to reshape Mumbai’s skyline by delivering modern, sustainable, and high-quality residential projects. The Mahalaxmi redevelopment is expected to attract homebuyers seeking premium living spaces in one of the city’s most sought-after locations.

Key Highlights:

• Mahindra Lifespaces and Livingstone Infra partner for a cluster redevelopment project in Mahalaxmi, Mumbai.
• The project has a gross development value (GDV) of INR 1,650 crore.
• Amit Kumar Sinha, MD & CEO of Mahindra Lifespaces, calls it a strategic expansion into South Mumbai’s luxury market.
• The company is also redeveloping a project in Lokhandwala Complex, Andheri West, valued at INR 950 crore.
• Mahindra Lifespaces raised INR 1,500 crore via a rights issue to reduce debt and support growth plans.
• The redevelopment aligns with Mahindra Lifespaces’ vision of transforming urban living with premium, sustainable developments.

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