Mumbai, June 24, 2025 – Mahindra Lifespace Developers, the real estate arm of the Mahindra Group, has officially launched its flagship redevelopment project, “Codename 64”, in Malad (West), marking its foray into Mumbai’s growing redevelopment segment.
Key Features of Codename 64
Spanning over 2.2 acres, “Codename 64” offers a mix of well-planned 2- and 3-BHK homes. These residences are designed to provide spacious layouts, excellent cross-ventilation, private decks, and an abundance of natural light. The homes align with Mahindra’s “Homes of Positive Energy” concept, focusing on comfort, sustainability, and lifestyle.
The project comes equipped with premium amenities, including a half-Olympic-size swimming pool, a modern clubhouse with an indoor gym, a badminton court, community hall, and dedicated spaces for aerial yoga, kickboxing, and aerobics. A thoughtfully designed children’s play area is also part of the landscape.
Strategic Location and Connectivity
Located in a prime area of Malad West, the development is close to reputed schools, hospitals, shopping centres, and commercial zones. The Malad Metro Station, already operational, is situated within 500 metres, offering residents excellent metro and suburban rail connectivity. The project also benefits from well-developed road infrastructure.
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Company Statement
Vimalendra Singh, Chief Business Officer – Residential at Mahindra Lifespaces, stated, “Codename 64 is more than a project launch. It reflects our deepening commitment to Mumbai’s urban transformation. As we step into the city’s redevelopment space, our focus is on creating homes and communities that stand the test of time.”
About Mahindra Lifespaces
Mahindra Lifespace Developers Ltd. is one of India’s leading real estate and infrastructure development companies. Part of the $20.7 billion Mahindra Group, the company was established in 1994 and focuses on residential developments, integrated cities, and industrial clusters. Its residential portfolio spans over 41 million square feet of completed, ongoing, and upcoming projects across multiple Indian cities. Mahindra Lifespaces is known for its strong commitment to sustainability, and it was the first real estate company in India to commit to a carbon neutrality roadmap.
With a track record of timely delivery and quality construction, Mahindra Lifespaces has emerged as a trusted name in both mid-premium and premium housing markets.
Market Response and Company Outlook
Following the announcement, Mahindra Lifespaces’ shares gained 1.23 percent, closing at ₹362.45 on the Bombay Stock Exchange. The company sees this launch as the beginning of a larger redevelopment strategy in Mumbai, aiming to deliver high-quality, sustainable housing solutions while revitalizing urban spaces.
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