Mumbai, 19th June 2026 – Mahindra Lifespace Developers Limited, the real estate and infrastructure development arm of the Mahindra Group, today announced the acquisition of a 15-acre land parcel in Kandivali East, Mumbai. The project has an estimated Gross Development Value (GDV) of approximately ₹5,600 crore with a development potential of around 1.8 million square feet.
Commenting on the acquisition, Vimalendra Singh, Chief Business Officer – Residential, Mahindra Lifespace Developers Limited, said, “We are pleased to add this project to our growing Mumbai portfolio. Building on the success of Mahindra Vista in the Kandivali micro-market, this acquisition further strengthens our presence in one of Mumbai's most promising residential destinations. Acquired through a competitive bidding process, the opportunity aligns with our strategy of expanding in markets with strong end-user demand and long-term growth potential. We remain focused on delivering thoughtfully planned communities that create lasting value for customers and stakeholders alike."
Strategically located in Kandivali East, the open greenfield land parcel benefits from excellent connectivity to the Western Express Highway and existing metro corridors. The location is supported by established social infrastructure, including schools, hospitals, and retail hubs, and continues to witness strong residential absorption driven by end-user demand.
The project's accessibility is expected to be further enhanced by the upcoming Borivali–Thane Twin Tunnel, a landmark infrastructure initiative that is set to significantly reduce travel time between Mumbai's western suburbs and Thane, strengthening regional connectivity and supporting the area's long-term growth prospects.
