A leading developer in the Real Estate sector, Mahindra Lifespaces packs a redevelopment project in Mumbai, gets land in Bengaluru with a joined income capability of Rs. 2050 crore.
Prominent Real estate developer Mahindra Developers Ltd on July 4 said that it has procured a land in Bengaluru and sacked a redevelopment project in Mumbai containing seven residential communities orders with a joined income capability of Rs. 2,050 crore Mahindra Lifespaces has sought to increase its presence in the real estate markets of Mumbai, Pune, and Bengaluru.
The organization has in the past reported that it was focusing on GDV of Rs.45, 000 crore before long. Its improvement impression traverses 37.33 million sq ft of finished, progressing and impending residential projects across seven Indian urban communities.
It likewise has more than 5,000 sections of land of progressing and approaching tasks being worked on/the executives at its incorporated turns of events/modern bunches across four areas.
Regarding this, the company stated in a filing, "Mahindra Lifespaces has been chosen as the preferred partner for the redevelopment of seven residential societies in Borivali west, Mumbai. This project offers an estimated GDV of approximately ₹1,800 crore. The project will be developed under the state's cluster redevelopment policy”.
Similarly, Amit Kumar Sinha, Managing Director & Chief Executive Officer, Mahindra Lifespace Developers, "These strategic moves in Mumbai and Bengaluru, with a combined GDV potential of ₹2050 crore, mark a significant milestone in our growth trajectory. Our third redevelopment project in Mumbai, with a GDV of ₹1800 crore, reinforces our commitment to urban renewal by creating value in established neighborhoods".
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