India, Oct. 10 -- Mumbai-based, listed real estate developer Mahindra Lifespace Developers Limited (MLDL) announced on October 10 that it has been selected as the preferred partner for the redevelopment of four residential societies in the Malad West area of Mumbai. The company said that the project offers a development potential of Rs.800 crore.

According to the company, the four societies are spread across approximately 1.65 acres.

The company, in a statement, said that the project is located near Mahindra Lifespaces' ongoing redevelopment project, Mahindra Codename 64, thereby strengthening its presence in the micro-market.

"This project further strengthens our presence in Mumbai's redevelopment market, reflecting the trust our bran...