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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.
Mahindra Lifespaces signs MoU with Tata Projects
Mumbai, October 31, 2025 – Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development arm of the Mahindra Group, today announced the signing of a Memorandum of Understanding (MoU) with Tata Projects Limited, one of India’s sustainable technology led engineering, procurement, and construction (EPC) companies. The partnership aims to enhance construction efficiency and scalability starting with Mahindra Vista Project in Kandivali, Mumbai.
Under this MoU, Tata Projects will serve as a strategic construction partner to deliver execution for Mahindra Lifespaces’ project development. The partnership will focus on leveraging advanced construction technologies, sustainable material usage, and digitally enabled project management systems to ensure timely delivery, consistent quality, and reduced carbon footprint. This partnership aligns with Mahindra Lifespaces’ commitment to operational excellence and Tata Projects’ expertise in delivering world-class, future-ready infrastructure.
Speaking at the signing of the MoU, Amit Kumar Sinha, Managing Director & CEO, Mahindra Lifespace Developers Ltd., said “This partnership marks a significant milestone in our journey towards scaling Mahindra Lifespaces’ portfolio while staying true to our sustainability and quality-first ethos. Tata Projects’ proven execution excellence and innovative construction practices will help us accelerate delivery timelines and enhance customer experience. Together, we aim to redefine the benchmarks for sustainable, tech-driven construction in India’s real estate sector.”
Vinayak Pai, Managing Director & CEO, Tata Projects Ltd., added “This collaboration underscores our shared commitment to building responsibly using cutting-edge technologies and efficient engineering processes. At Tata Projects, we believe in creating infrastructure that is not only future-ready but also environmentally conscious. We are delighted to partner with Mahindra Lifespaces — a pioneer in sustainable and customer-centric real estate — to deliver projects that set new benchmarks in quality, safety, and sustainability. Together, we aim to create a model of excellence for modern, environment-conscious urban development in India.”
Phygital Library inaugurated at Reserve Police Line, Chandpole by Mahindra World City, Jaipur
Aligns with Rajasthan Govt’s broader focus on improving educational infrastructure, expanding digital learning and developing skills of the youth
Jaipur, October 29, 2025 – Mahindra World City Jaipur Ltd. (‘MWC Jaipur’), a joint venture between Mahindra Lifespace Developers Limited (MLDL) and Rajasthan State Industrial Development and Investment Corporation (RIICO), today inaugurated a new phygital library at the Reserve Police Line, Chandpole, Jaipur. The facility was dedicated to the citizens of Jaipur by Shri Ajitabh Sharma, Principal Secretary – Energy; in the presence of Shri Sachin Mittal, Commissioner of Police, Jaipur; and Shri Amit Sinha, Managing Director & CEO, Mahindra Lifespace Developers Limited.
The library aligns with the Rajasthan Government’s broader initiatives to expand educational infrastructure, nurture digital learning, and enhance youth employability by supporting preparation for various competitive and government examinations. Developed under Mahindra World City Jaipur’s CSR program, the phygital library – combining both physical and digital learning resources will primarily serve police personnel and their families, while also remaining open to the public. It is expected to benefit over 5,000 citizens over time and will house books across subjects including Science, Mathematics, Arts & Literature, Competitive Exams, Skill Development, and Fiction/Non-Fiction. The facility is also integrated with the National Digital Library of India (NDLI), an initiative of the Ministry of Education, Government of India, developed by the Indian Institute of Technology (IIT) Kharagpur. NDLI provides access to millions of digital resources including books, journals, articles, theses, videos, and simulations across diverse disciplines making quality educational content accessible to students, teachers, researchers, and lifelong learners alike.
Shri Ajitabh Sharma, Principal Secretary, Energy, Government of Rajasthan, said, “This initiative exemplifies the power of public-private collaboration in driving social progress. By enabling access to learning resources for police personnel, their families and the larger community, it strengthens the foundation of inclusive development.”
Shri Sachin Mittal, Commissioner of Police, Jaipur, said, “We deeply appreciate this thoughtful initiative. The library will serve as a meaningful space for study, learning, and personal growth for police personnel and their families”
Shri Amit Kumar Sinha, Managing Director & CEO, Mahindra Lifespace Developers Limited, said, “We commend the Government of Rajasthan’s continued focus on educational access. This collaboration with Jaipur Police underscores our shared commitment to building inclusive and sustainable communities through education and empowerment.”
The library is part of Mahindra World City (Jaipur)’s ongoing CSR initiatives focused on education, health, environment, and skill-building. Notable initiatives include Hunnar, which has empowered 3,294 youth through 13 vocational courses since FY 2009–10, promoting livelihoods, especially among women, through training in beauty and wellness, tailoring, and other employable skills. MWC Jaipur has also partnered with Tarun Bharat Sangh (TBS) for a Water Conservation and Retention project to promote sustainable water management in nearby villages. The initiative includes rainwater harvesting, construction of 16 farm ponds and 11 water tanks across 10 villages, conserving over 44 crore litres of water annually. This conserved rainwater is used to irrigate arid land and initiate agriculture on fallow land where cultivation of crops has been historically impossible, thereby enhancing agricultural productivity and supporting environmental conservation. Other initiatives include Green Guardians, which promotes energy efficiency through LED installations in over 7,000 rural homes, and Mahindra Hariyali, which supports sustainability through the plantation of nearly 55,000 trees in government-approved forest and rural areas.
About Mahindra World City, Jaipur
Mahindra World City, Jaipur is a PPP between the Mahindra Group and Rajasthan State Industrial Development and Investment Corporation (RIICO), located off NH8 and within the influence zone of DMIC (Delhi Mumbai Industrial Corridor). Spread across 3000 acres, Mahindra World City, Jaipur is a global benchmark in sustainable development and has a Multi-Sector Special Economic Zone spread across 1500 acres, a Domestic Tariff Area (DTA) spread across 1000 acres and a proposed co-located social & residential zone planned in ~500 acres.
Mahindra Lifespaces® acquires land near Mahalunge, Pune with Development Potential of INR ~3500 Crore
Mumbai, 11 October 2025 – Mahindra Lifespace Developers Ltd. today announced that it has acquired 13.46 acres of land in the premier neighborhood of Nande-Mahalunge in Pune. The land is estimated to yield a development potential of INR ~3500 Crore.
Vimalendra Singh, Chief Business Officer – Residential, Mahindra Lifespace Developers Ltd., said, “Mahalunge-Nande-Maan are among Pune’s most promising micro-markets, having witnessed strong absorption over the past few years. There is a clear and growing demand for high-quality, future-ready homes with modern amenities in this region. This land parcel is strategically located within the well-planned Mahalunge micro-market, offering excellent connectivity through the proposed PMRDA Town Planning Scheme and the upcoming Inner Ring Road, next to Hinjewadi. The acquisition reinforces our commitment to Pune and aligns with our strategy to strengthen our presence across the city’s key growth corridors.”
The site is strategically located and offers quick access to Hinjewadi, surrounded by well-developed social infrastructure that includes top educational institutes such as Delhi Public School, Mahindra International school, and Symbiosis center for Management. Moreover, the location is also equidistant from Baner-Balewadi and Hinjewadi micro markets which are IT & BFSI hubs of Pune.
