The open greenfield land parcel is located in Kandivali East and offers connectivity to the Western Express Highway and existing metro corridors. The location is supported by social infrastructure, including schools, hospitals and retail hubs. The area continues to witness residential absorption driven by end-user demand.
Vimalendra Singh, Chief Business Officer – Residential, Mahindra Lifespace Developers Ltd, said, “We are pleased to add this project to our growing Mumbai portfolio. Building on the success of Mahindra Vista in the Kandivali micro-market, this acquisition further strengthens our presence in one of Mumbai’s most promising residential destinations.
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Acquired through a competitive bidding process, the opportunity aligns with our strategy of expanding into markets with strong end-user demand and long-term growth potential. We remain focused on delivering thoughtfully planned communities that create lasting value for customers and stakeholders alike.”
The project is also expected to benefit from the upcoming Borivali–Thane Twin Tunnel, which is set to reduce travel time between Mumbai’s western suburbs and Thane. The infrastructure project is expected to improve regional connectivity and support the area’s long-term growth prospects.
Yesterday, Mahindra Lifespace Developers said Mahindra Industrial Park Chennai Ltd (MIPCL) has announced that YKK India Private Limited, the Indian subsidiary of YKK Corporation, will establish a new manufacturing facility at Origins by Mahindra, Chennai.
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Mahindra World City Developers Ltd (MWCDL) is a subsidiary of Mahindra Lifespace Developers Ltd, while Mahindra Industrial Park Chennai Ltd is a joint venture between Mahindra World City Developers Ltd and Sumitomo Corporation of Japan.
According to YKK India, this will be its third manufacturing plant in India. The facility will span approximately 149,936 square metres within the integrated industrial cluster and will involve a total investment of $150 million. It is expected to be completed by February 2028.
With YKK India joining existing global manufacturers, including Mitsubishi Electric, Yanmar, and Omron, Origins by Mahindra, Chennai continues to expand its ecosystem of international manufacturing investments.
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Shares of Mahindra Lifespace Developers Ltd ended at ₹352.90, up by ₹3.00, or 0.86%, on the BSE.
(Edited by : Jomy Jos Pullokaran)
First Published: Jun 19, 2026 3:37 PM IST
