Mahindra Lifespace Adds Three Mumbai Societies, Eyes Rs 1,500 Crore

Mahindra Lifespace plans to rebuild three housing societies in Mumbai.

Two of the societies are in Borivali.

The third society is in Chembur.

The company expects the projects to generate Rs 1,500 crore from homes that can be sold.

The announcement was made in a regulatory filing on Wednesday.

The projects are part of the company’s residential redevelopment business.

The company said redevelopment helps it work in established city areas.

It also said the new projects will expand its portfolio across Mumbai.