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Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development arm of the Mahindra Group, today announced being chosen as the partner for two society redevelopment projects in Chembur, Mumbai, with a combined gross development potential of approximately Rs1,700 crore.
The two societies span ~2.6 acres and ~1.8 acres respectively. The redevelopment will deliver well-planned homes, designed with a focus on sustainability, modern amenities, and connectivity. It will offer residents an enhanced living experience while creating long-term value through thoughtful design and environmentally responsible practices.
“Redevelopment continues to play an important role in our growth journey. It enables us to bring high-quality residential projects to neighbourhoods where demand remains strong. We are grateful for the trust the societies have placed in us, and through this project we look forward to contributing to the growth story of Chembur,” said Vimalendra Singh, Chief Business Officer – Residential, Mahindra Lifespace Developers Ltd.
The project is located in the Diamond Garden area of Chembur, a neighbourhood long known for its strategic location connecting Mumbai’s business districts with the eastern suburbs. Chembur is set to benefit further from recent announcements permitting higher redevelopment potential, enhancing long-term value creation.
Situated just 1.5 kilometres from the Eastern Freeway, the projects offer direct access to Thane, Navi Mumbai, and other key parts of the city. Connectivity will be further strengthened by the upcoming Diamond Garden Metro Station on Line 2, along with nearby Monorail and Railway links. Proximity to business hubs such as BKC and Powai makes the location highly accessible and well-positioned for the future.
