Mahindra Lifespace Developers on Friday said its subsidiary Anthurium Developers, has entered into a joint development agreement with warehousing and logistics solutions player GKW for developing a nearly 37-acre land parcel located in Kanjur, Bhandup West, Mumbai.
This land parcel has a development potential of about nearly approximately 3.6 million square feet. The project will be one of Mumbai’s largest mixed-use developments, primarily focused on the residential segment, along with supporting commercial and retail components.
Anarock Capital facilitated the deal, and Khaitan & Co acted as the legal adviser.
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Amit Kumar Sinha, MD & CEO, Mahindra Lifespace Developers, said: “This strategic development in Bhandup reinforces our goal of expanding Mahindra Lifespaces’ footprint in Mumbai. The project aligns with our vision to achieve 5x growth while remaining committed to innovative designs, sustainability, and creating vibrant communities. With its scale and prime location, this project marks a significant chapter in our journey forward.
From: financialexpress
Financial News
