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Mahindra World City Chennai Successfully Hosts 4th Edition of MWC Marathon 2026
Chennai, February 22, 2026: Mahindra World City Chennai successfully hosted the 4th edition of the MWC Marathon on Sunday, 22 February 2026, marking the much-anticipated return of the marquee running event. Organised by the MWC Runners Club in collaboration with Mahindra World City Chennai, the MWC Marathon 2026 witnessed strong participation of over 4,700 runners across age groups and reaffirmed its position as a professionally curated, world-class running event.
A key highlight of this edition was its AIMS-certified course, accredited by World Athletics, ensuring internationally recognised standards, precise distance measurement, and credibility for competitive runners and enthusiasts alike.
The marathon featured five race categories – 1 km, 3 km, 5 km, 10 km (timed) and 21.097 km Half Marathon (timed), catering to runners across age groups and fitness levels. The event was hosted at Mahindra World City Chennai, with a two-day lifestyle Expo with bib distribution and comprehensive on-ground support including hydration, medical and physiotherapy services.
Speaking on the occasion, Mr. Vikram Goel, Chief Business Officer – Industrial, Mahindra Lifespaces, said, “The MWC Marathon reflects our commitment to fostering community engagement and promoting health and well-being within Mahindra World City Chennai. Hosting an AIMS-certified race underscores our focus on global standards, precision, and creating meaningful experiences for participants.”
The MWC Marathon 2026 reinforced Mahindra World City Chennai as a destination that seamlessly integrates infrastructure, sustainability, and active community living, bringing together professional runners, fitness enthusiasts, and families for a memorable sporting experience.
About Mahindra World City Chennai
Mahindra World City, Chennai is India’s first integrated business city developed under the PPP between Mahindra Group and Tamil Nadu Industrial Development Corporation (TIDCO). Mahindra World City, Chennai is spread across 1550 acres and is located on NH32 within the influence zone of Chennai-Bengaluru Industrial Corridor (CBIC) & Chennai-Vizag Industrial Corridor (CVIC). The integrated city is a global benchmark in sustainable development and has a Multi-Sector Special Economic Zone spread across 450 acres, a Domestic Tariff Area (DTA) spread across 400 acres and co-located social & residential infrastructure planned in ~280 acres. Mahindra World City, Chennai is India’s first Zero Waste to Landfill integrated city and is an IGBC Platinum rated green township.
Mahindra World City, Chennai hands over critical healthcare assets under CSR initiative
Chennai, 11 February 2026 – Mahindra World City (MWC), Chennai, a part of Mahindra Lifespace Developers Limited’s portfolio as part of its sustained commitment to community development and public well-being, handed over key healthcare assets under its Corporate Social Responsibility (CSR) initiative at a ceremony held on 10 February 2026 at the Mahindra World City in Chennai.
As part of the initiative, Mahindra World City, Chennai handed over an Advanced Life Support (ALS) Ambulance to Chengalpattu Medical College & Hospital, and medical equipment for Primary Health Centres across Chengalpattu District. The initiative was aimed at strengthening emergency medical response systems and enhancing access to essential healthcare services in the region.
The ALS ambulance was handed over to Dr. Nandhakumar, Medical Superintendent, Chengalpattu Medical College & Hospital, while the medical equipment was handed over to Dr. Bhanumathy, District Health Officer, Chengalpattu, during the ceremony. The ambulance was flagged off by Mr. Amit Kumar Sinha, Managing Director & CEO, Mahindra Lifespace Developers Ltd., in the presence of Mr. Nallasivan, IAS, Sub Collector, Chengalpattu, along with the leadership team, underscoring the organisation’s commitment to supporting public healthcare infrastructure.
Commenting on the initiative, Mr. Amit Kumar Sinha, Managing Director & CEO, Mahindra Lifespace Developers Ltd., said, “At Mahindra World City, Chennai, we believe that access to timely and quality healthcare is fundamental to building resilient communities. Through this CSR initiative, we are pleased to support the public healthcare system in Chengalpattu District by strengthening emergency medical services and primary healthcare infrastructure. This reflects our continued commitment to creating long-term social value in the regions we operate in.”
The initiative formed part of Mahindra World City’s broader CSR strategy, with a focused emphasis on healthcare, sustainability, and community-centric development, aligned with the Mahindra Group’s philosophy of driving positive and enduring societal impact.
About Mahindra World City Chennai
Mahindra World City, Chennai is India’s first integrated business city developed under the PPP between Mahindra Group and Tamil Nadu Industrial Development Corporation (TIDCO). Mahindra World City, Chennai is spread across 1550 acres and is located on NH32 within the influence zone of Chennai-Bengaluru Industrial Corridor (CBIC) & Chennai-Vizag Industrial Corridor (CVIC). The integrated city is a global benchmark in sustainable development and has a Multi-Sector Special Economic Zone spread across 450 acres, a Domestic Tariff Area (DTA) spread across 400 acres and co-located social & residential infrastructure planned in ~280 acres. Mahindra World City, Chennai is India’s first Zero Waste to Landfill integrated city and is an IGBC Platinum rated green township.
Mahindra Lifespaces and Mitsui Fudosan Group announce long term joint venture partnership, starting with Mahindra Blossom, Bengaluru
Bengaluru, 09 February 2026 – Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development arm of the Mahindra Group, today announced a joint venture with Mitsui Fudosan Group for the development of Mahindra Blossom, a premium residential project located in Whitefield, Bengaluru. This marks the first project under this strategic partnership. This long term partnership combines the strengths of two marquee organisations with a shared focus on long‑term value creation, while paving the way for potential future opportunities.
Mahindra Blossom is a high‑rise residential development comprising approximately 730 homes, located near Hopefarm Channasandra Metro Station on the Namma Metro Purple Line. Positioned along one of Bengaluru’s leading IT and employment corridors, the project is the city’s fourth net zero waste residential development. It offers strong connectivity to major commercial hubs and easy access to established educational institutions, healthcare facilities, and social infrastructure.
Commenting on the joint venture, Mr. Amit Kumar Sinha, Managing Director & CEO, Mahindra Lifespace Developers Ltd., said, “This joint venture with the Mitsui Fudosan Group marks a significant milestone for Mahindra Lifespaces. As Japan’s largest residential developer, Mitsui Fudosan sets global benchmarks in design, sustainability, and customer experience, and we look forward to integrating their best practices into the first joint project, Mahindra Blossom, one of our premium developments in Bengaluru. We are working towards expanding this partnership.”
Mr. Daijiro Eguchi, Managing Director, Mitsui Fudosan (Asia) Pte. Ltd., said, “India represents a highly attractive residential market driven by strong economic fundamentals and rapid urbanisation. Mahindra Blossom marks Mitsui Fudosan Group’s entry into India’s residential sector, and we are pleased to partner with Mahindra Lifespace Developers Limited, a trusted developer known for its commitment to sustainable development. Together with Mahindra Lifespace Developers Limited, we aspire to create a marquee residential development, driven by innovation and inspired design, that seamlessly blends global standards of quality and sustainability with deep local insight, contributing to the long term evolution of India’s urban living environment.”
The development will offer thoughtfully designed homes supported by a wide range of shared lifestyle amenities including a half‑Olympic size swimming pool, gym, badminton courts, jogging tracks, a pet park, and curated community spaces. Spread across 97,000 sq. ft. of amenities and nearly 4 acres of dedicated green and open spaces, the project is crafted to promote holistic and healthy living. Integrated retail within the development will further enhance everyday convenience, creating a well‑rounded living ecosystem designed to support modern urban lifestyles.
Planned with a strong emphasis on sustainability and resource efficiency, Mahindra Blossom incorporates climate‑responsive design principles, energy‑efficient planning, and construction practices focused on on‑site waste segregation and recycling. These measures align with Mahindra Lifespaces’ broader commitment to developing environmentally responsible residential communities based on global best practices. The said transaction is subject to necessary approvals and satisfaction of customary conditions precedent.
The partners also acknowledge the strategic counsel of Avinash Sule, Founder of Route78Partners, whose deep understanding of the Japanese and Indian real estate markets, together with his cross‑cultural expertise, played a vital role in building mutual trust, shaping the project’s governance framework, and aligning the long‑term objectives of this collaboration.
About Mitsui Fudosan
Mitsui Fudosan Co., Ltd. (MF) is a publicly traded company with approximately $66 billion (¥9.8 trillion, as of Sep. 2025) in assets, one of Japan’s largest real estate companies. MF has pursued mixed-use neighborhood creation that integrates office buildings, retail facilities, logistics, hotels/resorts, and residentials across various areas in Japan. MF’s area of operations is not only in Japan; Mitsui Fudosan Group has been conducting business in major cities in North America, Europe, China, Taiwan, Southeast Asia, Australia, and India. The Group is continuously pursuing the business expansion through driving the evolution of neighborhood creation. Since its incorporation, Mitsui Fudosan Group has led the development of numerous markets through iconic mixed-use projects—such as the Nihonbashi Revitalization Plan, the TOKYO MIDTOWN series, and Kashiwa-no-ha Smart City in Japan—while also achieving significant growth in its overseas business across major cities in Europe, North America, and Asia by leveraging the know-how and management resources cultivated in Japan together with the strengths of its local partners.
For more information on Mitsui Fudosan Co., Ltd., please visit
https://www.mitsuifudosan.co.jp/english/
Sustainability in the Mitsui Fudosan Group
Based on the meaning of its “& mark,” “to generate new value with society through cooperation, coexistence and co-creation, we forge ahead, innovating,” the Mitsui Fudosan Group views the “creation of social value” and the “creation of economic value” as two wheels of a cart. Accordingly, we believe that the creation of social value leads to the creation of economic value, and that this economic value then creates even greater social value. Moreover, we identified six Group Materiality priority issues when formulating our new management philosophy in April 2024. These Group Materiality priority issues are (1) Contribute to industrial competitiveness, (2) Coexist with the environment, (3) Health and Vitality, (4) Safety and security, (5) Diversity and inclusion, and (6) Compliance and governance. The Mitsui Fudosan Group will work to address each of the materialities through its core business activities and contribute to the promotion of sustainability.
Mitsubishi Electric India to invest ₹2,100 Cr in manufacturing expansion at Origins by Mahindra, Chennai
Chennai, February 06, 2026: Mahindra Industrial Park Chennai Limited (MIPCL), a joint venture between Mahindra World City Developers Limited and Sumitomo Corporation of Japan, marks yet another significant milestone with the commencement of operations of Mitsubishi Electric India Private Limited’s air conditioner and compressor manufacturing facility at Origins by Mahindra in Chennai. The facility, spread across 52 acres within the integrated industrial cluster, represents the scaling up of Mitsubishi Electric India’s manufacturing presence in India.
The facility was inaugurated by the Hon’ble Chief Minister of Tamil Nadu, Thiru M.K. Stalin, through a virtual plaque unveiling. Developed with an investment of approximately ₹2,100 crore, the facility underscores Mitsubishi Electric India’s long-term commitment to India and further strengthens Tamil Nadu’s position as a preferred destination for high-value, technology-led manufacturing.
With an annual production capacity of 300,000 indoor and outdoor room air conditioners and 650,000 compressors, the expansion contributes to the development of a strong regional supplier ecosystem, and aligns with the Government of India’s ‘Make in India’ initiative.
At the inauguration, Hon’ble Chief Minister Thiru M.K. Stalin said, “Chennai continues to serve as the manufacturing backbone of Tamil Nadu, anchored by a deep and well-established industrial ecosystem. The inauguration of Mitsubishi Electric India’s new air conditioner and compressor manufacturing facility reflects the state’s growing potential and our commitment to enabling businesses from India and across the world to strengthen manufacturing, expand operations, and grow sustainably in Tamil Nadu.”
Atsushi Takase, Managing Director, Mitsubishi Electric India, said, “India is witnessing a rapid growth for energy-efficient and high-quality air-conditioning solutions. This facility will support this growing demand through local manufacturing, while enabling us to respond faster to customer needs, strengthen quality control, and ensure sustainable operations. It will position India as a core hub within Mitsubishi Electric’s global air conditioning business. Aligned with the progressive industrial vision of the Tamil Nadu government, this investment underscores our long-term commitment to India, Tamil Nadu, and the country’s manufacturing ambitions.”
Vikram Goel, Chief Business Officer – Industrial, Mahindra Lifespace Developers Limited, said, “The expansion of Mitsubishi Electric India’s manufacturing operations at Origins by Mahindra reflects the strength of our integrated industrial cluster model. We focus on building future-ready ecosystems that combine world-class infrastructure, sustainability-led development, and seamless connectivity. The continued expansion of large global manufacturers like Mitsubishi Electric India within our developments reinforces the trust placed by these brands in our platform and our ability to support long-term industrial growth.”
Origins by Mahindra, Chennai is strategically located on NH16 and lies within the influence zones of the Chennai–Bengaluru Industrial Corridor (CBIC) and the Chennai–Visakhapatnam Industrial Corridor (CVIC). The industrial cluster offers proximity to the ports of Chennai, Ennore and Kattupalli, enabling efficient logistics and supply chain operations for manufacturing-led businesses.
The expansion of Mitsubishi Electric India’s operations further strengthens Origins by Mahindra, Chennai’s ecosystem of leading global manufacturers and reinforces Mahindra Lifespaces’ commitment to enabling sustainable, high-quality industrial development aligned with India’s manufacturing ambitions.
Strong 9M performance from MLDL; Healthy PAT delivery driven by residential project completions and healthy Industrial leasing
Mumbai, Feb 02, 2026 – Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development business of the Mahindra Group, announced its financial results for the quarter ended 31st December 2025 today. In accordance with INDAS 115, Company recognizes its revenues on completion of contract method.
Key highlights
Q3 FY26:
• Consolidated Sales (Resi and IC&IC) of Rs 707 crore
— Q3 FY26 residential pre-sales of Rs 572 crore (saleable area of 0.60 msft, RERA carpet area of 0.45 msft) as compared to Rs 334 crore in Q3 FY25.
— Gross development value additions in Q3 FY26 were Rs 1,010 crore.
— Consolidated revenues of Rs 134 crore in Q3 FY26 from IC&IC business as against Rs 70 crore in Q3 FY25 (Total leased area of 17.9 acres).
— The consolidated PAT, after non-controlling interest, as per INDAS is Rs 109 crore in Q3 FY26 as against loss of Rs 23 crore in Q3 FY25.
• Strong balance sheet and collections.
— Net debt to equity ratio at -0.12 (cash surplus) as of 31st December 2025.
— Residential collections of Rs 1,472 crore for 9M FY26 as compared to Rs 1,365 crore for 9M FY25.
9M FY26:
• Consolidated Sales (Resi and IC&IC) of Rs 2,125 crore
— Gross development value additions in 9M FY26 were Rs 10,560 crore in addition to Rs 18100 crore in FY25.
— 9M FY26 residential pre-sales of Rs 1,773 crore (saleable area of 2.35 msft, RERA carpet area of 1.76 msft) as compared to Rs 1,749 crore in 9M FY25.
— Consolidated revenues of Rs 352 crore in 9M FY26 from IC&IC business as against Rs 284 crore in 9M FY25 (Total leased area of 53.5 acres in 9M FY26).
— The consolidated PAT, after non-controlling interest, as per INDAS is Rs 208 crore in 9M FY26 as against loss of Rs 24 crore in 9M FY25, reflecting strong Resi and IC&IC profitability.
Commenting on the performance, Mr. Amit Kumar Sinha, Managing Director & CEO, Mahindra Lifespace Developers Ltd., said, “We are thrilled to announce a strong quarterly result. On the Residential side, we had 3 project completions that contributed to our PAT. We have a strong pipeline of residential launches leading into FY27. On the IC&IC side, we are seeing healthy demand for high quality industrial plots in our industrial parks. We launched phase 2A of Origins by Mahindra in Chennai in December 25.”
Notes:
1. Company uses carpet areas in its customer communication. However, the data in saleable area terms has been presented here to enable continuity of information to investors and shall not be construed to be of any relevance to home buyers / customers.
2. The operational highlights include the performance of the Company and its subsidiaries / joint ventures / associates.
For further enquiries, please contact:
Mr. Devavrat Mastakar
Head, Investor Relations
Email:[email protected]
Mahindra Lifespaces Sponsor New Zealand Cricket’s Golf Day Event at Willingdon Club, Mumbai
Mumbai, January 6, 2026: Mahindra Lifespace Developers Ltd., the real estate and infrastructure development arm of the Mahindra Group, was the title sponsor of the New Zealand Cricket Golf Day in partnership with TCM Sports, held at the Willingdon Club in Mumbai. The one-day, invitation-only event brought together a curated group of CXOs, promoters, celebrities and high net worth individuals alongside New Zealand Cricket players and legends, reinforcing Mahindra Lifespaces’ premium positioning through association with a world-class sporting platform.
The day included a golf tournament followed by a networking dinner, providing a setting for informal interaction and engagement.
Mahindra Lifespaces’ association with the platform comes at a time when the company is advancing its strategic focus on premium residential development.
Commenting on the occasion, Amit Kumar Sinha, Managing Director and CEO, Mahindra Lifespace Developers Ltd., said, “The Golf Day brought together sport, leadership, and long-term thinking. In both sports and business, sustained performance is built on discipline, and consistent delivery. As Mahindra Lifespaces sharpens its focus on premium residential development, we want to build on that discipline and consistency. Our priority will continue to be create high-quality, state-of-the-art living environments that enhance the living experience.”
As Mahindra Lifespaces advances its premium residential strategy, sustainability continues to be a core consideration in how projects are planned and delivered. The company has been among the early movers in green and Net Zero residential development in India. This builds on its experience of developing and operating large-scale green developments, including integrated cities and residential communities, with a continued emphasis on responsible design, energy efficiency and resource optimisation.
Mahindra Lifespaces Announces the Launch of Mahindra Blossom, a Net Zero Waste residential project in Whitefield, Bengaluru
~ Introducing an exclusive low-density community designed around nature, thoughtful living, and sustainability
Bengaluru, 17 December 2025 – Mahindra Lifespace Developers Limited, the real estate and infrastructure development arm of the Mahindra Group, announces the launch of Mahindra Blossom, a premium residential development in Whitefield, Bengaluru, with a potential GDV of approx. ₹1,900 crore. Mahindra Blossom is poised to become one of the most distinguished addresses in the micro-market. This launch reinforces Mahindra Lifespaces’ continued focus on deepening its presence in Bengaluru, one of its core strategic markets. Mahindra Blossom will be the company’s third Net Zero residential development in the city.
Mahindra Blossom offers 2, 3, 3.5 & 4 BHK homes, bringing together modern design, openness, and lifestyle comfort. The development features 75% open-to-sky spaces, cross-ventilated layouts, Vaastu-compliant entries, expansive balconies, and homes designed to maximise light, air, and views. Select residences include walk-in wardrobes, and 20-feet long balconies, creating a seamless blend of elegance and functionality. True to Mahindra Lifespaces’ commitment to building Homes of Positive Energy, the project integrates sustainable planning and climate-responsive architecture while fostering meaningful community living.
Commenting on the launch, Mr. Vimalendra Singh, Chief Business Officer – Residential, Mahindra Lifespace Developers Ltd., said, “Bengaluru is a key market in our strategy to scale residential development across strong, end-user-driven cities. Mahindra Blossom reflects this focus by offering well-designed, sustainable homes in a premium location. Whitefield continues to show steady absorption supported by connectivity improvements and a deep employment base. Our previous launches in Bengaluru have validated the brand’s strength with tremendous customer response and we are confident that Mahindra Blossom will build on that momentum.”
Strategically located abutting the Hopefarm Channasandra metro station, Mahindra Blossom offers unmatched access to Bengaluru’s key IT & employment hubs. The development is surrounded by top schools, colleges, hospitals, entertainment hubs, and retail destinations within a 5 km radius, making it one of the most well-connected residential pockets in Whitefield.
The project offers 97,000 sq. ft. of amenities and clubhouse spaces, including Bougainvillea canopies, half-Olympic size swimming pool, two jogging tracks, two badminton courts, a dedicated pet park, and thoughtfully designed community spaces. High-street retail integrated within the development ensures daily conveniences are always within reach. Every element is designed to support active, holistic, and balanced living.
Mahindra Blossom is planned as a sustainable development, pre-certified for IGBC Green Homes and IGBC Net Zero Waste, reflecting Mahindra Lifespaces’ long-standing commitment to future-ready, environmentally responsible living. With its unique combination of strategic location, design excellence, expansive openness, and green certifications, the project embodies the company’s mission of transforming urban landscapes through sustainable communities.
Mahindra Lifespaces Named Among Global and Regional Sector Leaders by GRESB in 2025
Mumbai, December 05, 2025 – Mahindra Lifespace Developers Limited, the real estate and infrastructure development arm of the Mahindra Group, has been recognized as a Global and Regional Sector Leader by GRESB under the Development Benchmark category for 2025.
Mahindra Lifespaces has achieved a 5-star rating with a score of 100/100, ranking 4th amongst listed entities, 7th in Asia, and 4th among Indian peers in the residential development benchmark category. The company has also secured the 1st rank in Public Disclosure in Asia for the fifth year, with a score of 100/100 and an A rating.
Amit Kumar Sinha, Managing Director & CEO, Mahindra Lifespace Developers Limited, said: “Sustainability has always been at the heart of Mahindra Lifespaces’ purpose and business strategy. This recognition is yet another affirmation of the pioneering work we continue to pursue and we remain steadfast in driving the Indian real estate sector toward a more responsible, transparent and Net Zero future.”
“GRESB Sector Leaders exemplify success in action. They set the pace for the industry, translating strong governance and operational excellence into real-world performance and long-term value,” said Sebastien Roussotte, CEO of GRESB.
Mahindra Lifespaces Secures New Redevelopment Mandate in Matunga with a GDV of ~INR 1,010 Crore
Mumbai, 03rd December 2025 – Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development arm of the Mahindra Group, has been selected as the preferred development partner for a major residential redevelopment project in Matunga, Mumbai. The project spans approximately 1.53 acres, with a gross development value of around INR 1,010 crore, further strengthening our footprint in the Mumbai micro market.
This upcoming development will transform the existing housing cluster into a modern community featuring improved infrastructure, contemporary design, and enhanced lifestyle amenities. Located in Matunga, the site benefits from seamless connectivity to key social and business hubs. The micro-market is a well-established residential catchment with proximity to Shivaji Park, leading educational institutions, healthcare facilities, retail destinations, robust transport networks and nearby metro links.
Commenting on the new mandate, Mr. Vimalendra Singh, Chief Business Officer – Residential, Mahindra Lifespace Developers Ltd., said: “This mandate is a strong endorsement of the trust communities place in Mahindra Lifespaces to deliver redevelopment that genuinely uplifts neighbourhoods. Matunga is a well-established and highly valued neighbourhood, and this redevelopment allows us to contribute thoughtfully to its next chapter with homes designed for modern lifestyles. We look forward to setting a new benchmark for community-centric redevelopment in Mumbai.”
The redevelopment will be planned with a strong emphasis on sustainability, and modern urban design, in line with Mahindra Lifespaces’ commitment to developing Homes of Positive Energy. Residents will benefit from enhanced infrastructure, improved lifestyle amenities, and superior connectivity. With this addition, Mahindra Lifespaces continues to strengthen its presence in Mumbai’s redevelopment landscape, further expanding its footprint in established city micro-markets.
Strong H1 performance from MLDL; Continued GDV momentum and healthy PAT
Mumbai, Oct 31, 2025 – Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development business of the Mahindra Group, announced its financial results for the quarter ended 30th September 2025 today. In accordance with INDAS 115, Company recognizes its revenues on completion of contract method.
Key highlights
H1 FY26:
• Consolidated Sales (Resi and IC&IC) of Rs 1419 Cr.
— Gross development value additions in H1 FY26 were Rs 5,200 crore as against Rs 2,050 crore in H1 FY25 (~2.6x).
— H1 FY26 residential pre-sales of Rs 1,200 crore (saleable area of 1.75 msft, RERA carpet area of 1.31 msft) as compared to Rs 1,415 crore in H1 FY25. Major launches planned in the upcoming quarters.
— Consolidated revenues of Rs 219 crore in H1 FY26 from IC&IC business as against Rs 214 crore in H1 FY25 (Total leased area – 35.6 acres in H1 FY26).
— The consolidated PAT, after non-controlling interest, as per INDAS is Rs 99 crore in H1 FY26 as against loss of Rs 1 crore in H1 FY25, reflecting strong Resi and IC&IC profitability.
• Strong balance sheet and collections.
— Net debt to equity ratio at -0.17 (cash surplus) as of 30th September 2025.
— Residential collections of Rs 1,086 crore for H1 FY26 as compared to Rs 999 crore for H1 FY25.
Q2 FY26:
• Consolidated Sales (Resi and IC&IC) of Rs 851 Cr.
— Gross development value additions in Q2 FY26 were Rs 1,700 crore as against Rs 650 crore in Q2 FY25.
— Q2 FY26 residential pre-sales of Rs 752 crore (saleable area of 1.17 msft, RERA carpet area of 0.88 msft), growth of 89% over Q2 FY25.
— Consolidated revenues of Rs 99 crore in Q2 FY26 from IC&IC business as against Rs 111 crore in Q2 FY25 (Total leased area – 16.9 acres).
— The consolidated PAT, after non-controlling interest, as per INDAS is Rs 48 crore in Q2 FY26 as against loss of Rs 14 crore in Q2 FY25.
Commenting on the performance, Mr. Amit Kumar Sinha, Managing Director & CEO, Mahindra Lifespace Developers Ltd., said, “We are pleased to announce a strong financial performance for the first half of the fiscal year. Our BD momentum continues with year-to-date GDV additions of Rs 9,500 Cr. The IC&IC business is also seeing healthy traction across Jaipur and Chennai, suggesting growing interest from industrial clients. Strong H1 PAT performance provides a solid foundation for continued growth in FY26.”
Notes:
1. Company uses carpet areas in its customer communication. However, the data in saleable area terms has been presented here to enable continuity of information to investors and shall not be construed to be of any relevance to home buyers / customers.
2. The operational highlights include the performance of the Company and its subsidiaries / joint ventures / associates.
