NEW DELHI: Mahindra Lifespace Developers (MLDL), the real estate and infrastructure development arm of the Mahindra Group, has partnered with Livingstone Infra (LS) for a cluster redevelopment project in Mahalaxmi, Mumbai.
The project has a gross development value (GDV) of Rs 1,650 crore.
Amit Kumar Sinha, managing director & CEO of the company said, “This development marks Mahindra Lifespaces’ strategic expansion into South Mumbai’s premium real estate market.”
It is also redeveloping a project in Lokhandwala Complex, Andheri West. The project offers a gross development value (GDV) of approximately Rs 950 crore.
MLDL recently raised Rs 1,500 crore by way of a rights issue to pare down its existing debt and support its growth plans.
