India, Dec. 3 -- Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure arm of the Mahindra Group, will redevelop a 1.53-acre housing society in Matunga, Mumbai, with an estimated revenue potential of Rs.1,010 crore, further strengthening its presence in the city's micro market.In a regulatory filing on December 3, the company said it has been chosen as the preferred partner for the residential redevelopment project.

This upcoming development will transform the existing housing cluster into a modern community featuring improved infrastructure, contemporary design, and enhanced lifestyle amenities, the company said.

Commenting on the new mandate, Vimalendra Singh, Chief Business Officer - Residential, Mahindra L...