Mahindra Eyes ₹5,600 Cr from Kandivali Project

Mahindra Lifespace Developers Ltd, a publicly traded real estate developer, has purchased a 15-acre plot of land in Mumbai’s Kandivali East with plans to build a home project with a development potential of around 1.8 million square feet. The project is estimated to have a GDV of around ₹5,600 crore.

“The project’s accessibility is expected to be further enhanced by the upcoming Borivali-Thane Twin Tunnel, a landmark infrastructure initiative that is set to significantly reduce travel time between Mumbai’s western suburbs and Thane, strengthening regional connectivity and supporting the area’s long-term growth prospects,” the business said in its statement.

“We are delighted to add this project to our growing Mumbai portfolio. Mahindra Lifespace Developers Limited’s Chief Business Officer, Residential, Vimalendra Singh, stated that this acquisition strengthens the company’s presence in one of Mumbai’s most promising residential destinations. The acquisition was made through a competitive bidding process and aligns with the company’s strategy of expanding in markets with strong end-user demand and long-term growth potential. “We remain committed to delivering thoughtfully planned communities that create long-term value for both customers and stakeholders,” Singh added.

According to the firm, the property parcel in Kandivali East is conveniently located near the Western Express Highway (WEH) and existing metro routes.

Recent launch.

Mahindra Lifespace plans to open Mahindra Rainforest, a residential project in Mumbai’s Kanjurmarg region, in March 2026. The anticipated development value is ₹3,000 crore.

The business described the project as a luxury mixed-use development encompassing 25.47 acres on LBS Marg in Kanjur, Mumbai.

“The project is among the largest developments in Mumbai’s central suburbs and is envisioned as an integrated lifestyle destination,” the business stated in a statement released on March 19.

According to the firm, the residential township will be built in phases and will have 2- and 3-bedroom apartments, green spaces, community living, and a focus on climate-responsive planning and improved quality of life. The residential township will have approximately 3.5 lakh square feet of open amenities and clubhouse area, making it one of the largest in Mumbai. The development has almost seven acres of open, dense green area.