Mahindra Lifespaces Bhandup Mumbai - Unveils Landmark Project in Bhandup, Mumbai with GKW Ltd

Mahindra Lifespaces Developers Limited (MLDL) has partnered with GKW Ltd for a significant joint development project in Mumbai’s Bhandup area. The 37-acre land parcel will host a mixed-use urban development with a potential of 3.6 million square feet, MLDL revealed on November 8.

A Landmark Urban Development

This project will be one of the largest mixed-use developments for Mahindra Lifespaces in Mumbai, predominantly featuring residential spaces alongside commercial and retail components. The initiative strengthens MLDL’s foothold in the city, showcasing its commitment to expanding its urban footprint.

Prime Location in Mumbai’s Eastern Suburbs

Situated in Bhandup, the project benefits from excellent connectivity to Mumbai’s key commercial hubs. Proximity to the Jogeshwari-Vikhroli Link Road, Eastern Express Highway, and robust train and metro networks ensures seamless access to other parts of the city.

Strategic Collaboration with Expert Partners

The transaction was facilitated by ANAROCK Capital, with Khaitan & Co providing legal advisory services. Amit Kumar Sinha, MD & CEO of Mahindra Lifespaces, emphasized the project’s alignment with the company’s growth vision and focus on innovative, sustainable designs.

Real Estate Insights: Bhandup's Property Market

Bhandup’s property rates for residential projects range between INR 20,000 to INR 25,000 per square foot, making it a sought-after location for homebuyers and investors. Local brokers confirm the area’s growing prominence due to connectivity and infrastructure.

GKW’s Vision for Mixed-Use Development

GKW Ltd, known for its expertise in warehousing and logistics, owns the prime 37-acre land in Bhandup. Chairman K K Bangur expressed optimism about collaborating with Mahindra Lifespaces to create a world-class development while delivering value to stakeholders.

Key Highlights:

• Project Overview: 37-acre land parcel with 3.6 million sq ft development potential.
• Location Benefits: Connectivity via major roads, metro, and train networks.
• Real Estate Value: Bhandup property rates at INR 20,000–INR 25,000 per sq ft.
• Strategic Collaboration: Partnership with GKW Ltd, facilitated by ANAROCK Capital.
• Visionary Leadership: Focus on sustainability, innovation, and vibrant community spaces.

This joint initiative marks a transformative step for both Mahindra Lifespaces and GKW Ltd, underlining Bhandup’s rise as a prime real estate hub in Mumbai.

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