Mahindra Lifespaces has been appointed as the preferred developer for redeveloping four residential societies in Malad West, Mumbai, on a 1.65-acre land parcel with an estimated development potential of ₹800 crore, strengthening the company's urban rejuvenation strategy in the western suburbs

This is great news for Malad West real estate, inhabitants, and Mumbai suburbs. The Mumbai Metropolitan Region Development Authority (MMRDA) is the special planning authority for 1,387 hectares (3,427 acres) along Malad's western shore, reports said.