India, Feb. 3 -- Real estate developer Mahindra Lifespaces announced on February 3 that it has secured a 950-crore deal to redevelop three housing societies in Lokhandwala, Andheri, Mumbai.

The company said this is a strategic move, and it has now secured a fourth redevelopment project in Mumbai.

The project will be developed under Maharashtra's cluster redevelopment policy. According to the company's statement, it is located 15 minutes from the upcoming Versova-Bandra Sealink, which will provide improved connectivity to other parts of the city.

"This strategic move strengthens our presence in the western suburbs of Mumbai. This project is in a prime location, which is well-connected and offers a great lifestyle. It will be a premium d...