Mahindra Lifespaces in JV to build 37-acre realty project
Mahindra Lifespaces, in a joint venture with landowners, will build a 37-acres mixed-use land parcel in Bhandup locality of Mumbai, comprising residential, retail and offices. This project is expected to clock revenue between Rs 8,000 crore to Rs 11,000. The developer will sell about 40 lakh sq. ft. of carpet area. In a related development, Malhar Developers is also developing a residential complex '24 East' at Sanpada in Navi Mumbai in Thane district. The complex will come up on 0.62 acres of land.