Advertisement
When should a housing society in Mumbai start considering re...
From GST on JDAs to SEBI’s REIT reclassification and the S...
Stay ahead in the world of real estate with our daily podcas...
Stay ahead in the world of real estate with our daily podcas...
Mahindra Lifespace Developers Ltd has launched the first two phases of its mixed-use housing project Mahindra Rainforest located on LBS Marg in Kanjur, Mumbai. Spread across 25.47 acres, the development is positioned as one of the larger projects in Mumbai's central suburbs and is planned as an integrated lifestyle destination. The company expects the residential phases to generate a gross development value of about INR 3,000 crore. While the firm has not disclosed the investment required, it continues to expand its presence across residential and integrated developments in multiple Indian cities.
Realty firm Mahindra Lifespace Developers Ltd has projected a revenue of approximately INR 3,000 crore from its newly launched housing project in Mumbai. Advertisement
In a regulatory filing made earlier this week, the company stated that it has introduced the first two phases of its mixed-use development named Mahindra Rainforest, situated on LBS Marg in Kanjur, Mumbai. The project spans 25.47 acres and is designed as an integrated lifestyle destination combining residential and other planned components.
The company noted that the residential launch phases carry an estimated Gross Development Value (GDV) of around INR 3,000 crore. GDV refers to the total expected sales value of all units launched under the project.
Mahindra Lifespace Developers Ltd, which operates as the real estate and infrastructure development arm of Mahindra Group, did not disclose the capital outlay or investment committed toward developing this project.
The firm's overall development portfolio covers 53.65 million sq ft of saleable area across completed, ongoing, and upcoming residential projects spread over seven Indian cities. In addition, it manages and develops more than 5,000 acres of projects across integrated developments and industrial clusters at four locations.
Source PTI
FAQ
Q1: What project has Mahindra Lifespace launched in Mumbai?
A1: Mahindra Lifespace Developers Ltd has launched the first two phases of its mixed-use housing project Mahindra Rainforest located on LBS Marg in Kanjur, Mumbai. The development is planned as an integrated lifestyle destination.
Q2: What is the size and nature of the project?
A2: The project spans 25.47 acres and is designed as a mixed-use development combining residential units with other planned components, making it one of the larger developments in Mumbai's central suburbs.
Q3: What revenue is expected from this project?
A3: The company expects the residential phases of the project to generate a Gross Development Value (GDV) of around INR 3,000 crore, representing the total estimated sales value from the launched units.
Q4: What does Gross Development Value (GDV) mean?
A4: GDV refers to the total projected revenue from all units in a real estate project. It indicates the overall sales potential rather than the actual profit or investment cost involved in the development.
Q5: Has the company disclosed the investment for the project?
A5: No, Mahindra Lifespace Developers Ltd has not disclosed the capital investment or development cost associated with the Mahindra Rainforest project in its regulatory filing.
Q6: How does this project fit into the company's broader portfolio?
A6: The company has a large portfolio covering over 53.65 million sq ft of saleable area across multiple cities in India, along with integrated developments and industrial clusters spanning more than 5,000 acres across several locations.
Q7: What is the significance of this launch for Mumbai's real estate market?
A7: The launch adds a large-scale integrated residential development in Mumbai's central suburbs, reflecting continued demand for well-planned housing projects in key urban corridors with connectivity and lifestyle infrastructure.
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
