NEW DELHI: Mahindra Lifespace Developers (MLDL), the real estate and infrastructure development arm of the Mahindra Group, has been appointed as the preferred partner for the redevelopment of two residential societies in the Lokhandwala Complex, Andheri West, Mumbai, with a project value of approximately ₹1,200 crore.
The project will be pursued under the state’s cluster development scheme.
It is already redeveloping project in the locality. The project offers a gross development value (GDV) of approximately Rs 950 crore.
The company recently partnered with Livingstone Infra (LS) for a cluster redevelopment project in Mahalaxmi, Mumbai. The project has GDV of ₹1,650 crore.
