Anthurium Developers, a subsidiary of Mahindra Lifespace Developers, has entered into a joint development agreement with GKW to develop a 37-acre land parcel in Bhandup, Mumbai. The project, which holds a development potential of around 3.6 million sq ft, will include a mixed-use development featuring residential, commercial, and retail spaces. The deal was facilitated by ANAROCK Capital, with Khaitan & Co acting as the legal advisor, marking a significant step in enhancing Mumbai's real estate landscape.
Anthurium Developers, a fully-owned subsidiary of Mahindra Lifespace Developers, has recently finalised a joint development agreement with GKW for the development of a substantial 37-acre land parcel located in Bhandup, Mumbai. This collaboration marks a significant step forward in the real estate sector, with the project set to unlock a development potential of around 3.6 million sq ft.
The envisioned development will be a mixed-use space, combining residential, commercial, and retail components. This design reflects the growing demand for integrated communities that offer both living spaces and easy access to commercial and retail facilities, catering to the evolving needs of Mumbai's population.
The deal was made possible with the facilitation of ANAROCK Capital, a leading real estate investment services firm, known for its expertise in managing complex transactions and structuring development deals. Khaitan & Co, a prominent law firm, acted as the legal advisor for the transaction, ensuring that all legal requirements and frameworks were properly addressed during the agreement process. This collaboration is expected to contribute significantly to the real estate landscape in Bhandup, adding a new dimension to Mumbai's growing development corridors.
The strategic partnership between Anthurium Developers and GKW further strengthens the presence of Mahindra Lifespace Developers in the region, reinforcing their commitment to creating sustainable and innovative spaces that meet the needs of the modern urban landscape.
The collaboration between Anthurium Developers and GKW in developing the 37-acre Bhandup land parcel is a promising addition to Mumbai's urban development. With a focus on mixed-use spaces, the project aims to cater to the growing demand for integrated communities. The involvement of ANAROCK Capital and Khaitan & Co ensures the deal is well-structured, paving the way for a transformative development in one of Mumbai's key locations. This project reflects the continued efforts of Mahindra Lifespace Developers in shaping the city's future.
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