Mahindra Lifespace Developers (MLDL), the real estate and infrastructure development division of the Mahindra Group, has been appointed as the preferred partner for the redevelopment of two residential societies located in the Lokhandwala Complex, Andheri West, Mumbai, with an estimated project value of around ₹1,200 crore.
This initiative will be executed under the state’s cluster development scheme. MLDL is already engaged in a redevelopment project in the area, which has a gross development value (GDV) of approximately ₹950 crore.
Additionally, the company has recently collaborated with Livingstone Infra (LS) for another cluster redevelopment project in Mahalaxmi, Mumbai, with a GDV of ₹1,650 crore.
