Mahindra Lifespace to buy 9.24 acres land from M And M in Mumbai

Mahindra Lifespace Developers Ltd, a real estate company, has announced that it will pay Rs 365 crore to Mahindra and Mahindra Ltd (M&M) for 9.24 acres of land in Kandivali, Mumbai, for the development of a housing project. The promoter of Mahindra Lifespace Developers and the holding company are Mahindra and Mahindra.

The promoter of Mahindra Lifespace Developers and the holding company are Mahindra and Mahindra (M&M).

Following the successful Mahindra Root project, this new project will be Mahindra Lifespace's second residential development in Kandivali, covering approximately one million square feet of carpet area. According to the company's legal filing, the project is expected to commence in FY23.

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