Listed real estate developer Mahindra Lifespaces Developers Limited (MLDL) announced on November 8 a strategic joint development pact with GKW Ltd for a 37-acre land parcel situated in Mumbai’s Bhandup area. This collaboration marks a significant milestone for MLDL and underscores its commitment to expanding its presence in Mumbai.
The land parcel, spanning 37 acres, boasts a development potential of approximately 3.6 million square feet, as highlighted in the company’s official statement. This forthcoming development is slated to be one of MLDL’s largest urban mixed-use projects in Mumbai, with a strong residential focus complemented by key commercial and retail components.
Situated in the thriving Bhandup locality within Mumbai’s eastern suburbs, the project benefits from optimal connectivity to major commercial hubs and seamless access to different parts of the city via key transportation arteries like the Jogeshwari-Vikhroli Link Road and the Eastern Express Highway. Additionally, the area enjoys excellent rail and metro connectivity, further enhancing its allure as a prime real estate destination.
This strategic partnership between Mahindra Lifespaces and GKW Ltd sets the stage for a dynamic and transformative development that is poised to redefine the urban landscape of Mumbai’s Bhandup area.