Adds Three Societies to Mumbai Redevelopment Portfolio with ₹1,500 crore Potential GDV
Three more societies added to the Mumbai redevelopment portfolio — two in a Borivali project and one in an existing Chembur project.
- Societies Added
- Three societies added to Mumbai redevelopment portfolio
- Combined Potential GDV
- ₹1,500 crore
- Project Locations
- Two in Borivali project and one in existing Chembur project
- Residential Portfolio Footprint
- 53.65 million sq. ft. of saleable area across seven Indian cities
What was announced
Mahindra Lifespace Developers has added three housing societies to its residential redevelopment portfolio in the Mumbai Metropolitan Region.
- Two societies form part of a redevelopment project in Borivali.
- One additional society joins an existing redevelopment project in Chembur.
- Together these carry a total potential GDV of ₹1,500 crore.
What GDV means
GDV stands for Gross Development Value — the estimated total sales value of the homes that can be built and sold from a project. It is a potential revenue indicator over the project life, not booked revenue or profit, and it is realised gradually as construction and sales progress.
Context from the company
The Chief Business Officer – Residential said Mumbai's redevelopment market allows the company to grow its residential business in established locations, and that these three societies expand its redevelopment portfolio across the city as part of building a more diverse residential portfolio.
Company footprint
- Development footprint of 53.65 million sq. ft. of saleable area across completed, ongoing and forthcoming residential projects in seven Indian cities.
- Over 5000 acres of ongoing and forthcoming projects under development or management at integrated developments and industrial clusters across four locations.
- Residential portfolio spans Mumbai, Pune, Chennai and Bengaluru.
How investors may read it
Additions to the redevelopment pipeline are generally viewed as business development news, adding to the future sales potential. Actual revenue and timing depend on approvals, launch schedules and market conditions.
Also from Mahindra Lifespace Developers
Mahindra Lifespace launched a Rs 3,500 crore property project in Pune
7 Oct 2026
Mahindra Rivenza launched in Baner Annex, Pune with ~₹3,500 crore GDV
6 Oct 2026
Launch of residential project Mahindra Rivenza at Mahalunge, Pune; registered with MahaRERA
1 Oct 2026
More numbers
- Total potential GDV of three societies₹1,500 crore
- Societies addedthree societies
- Development footprint (saleable area)53.65 million sq. ft.
- Integrated developments / industrial clusters areaover 5000 acres
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