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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.
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.
Mahindra Lifespaces To Redevelop Two Housing Societies In Chembur, Mumbai With A Combined Development Potential Of ~INR 1,700 Cr
Mumbai, September 16th, 2025: Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development arm of the Mahindra Group, today announced being chosen as the partner for two society redevelopment projects in Chembur, Mumbai, with a combined gross development potential of approximately INR 1,700 Cr.
The two societies span ~2.6 acres and ~1.8 acres respectively. The redevelopment will deliver well-planned homes, designed with a focus on sustainability, modern amenities, and connectivity. It will offer residents an enhanced living experience while creating long-term value through thoughtful design and environmentally responsible practices.
Vimalendra Singh, Chief Business Officer – Residential, Mahindra Lifespace Developers Ltd., said “Redevelopment continues to play an important role in our growth journey. It enables us to bring high-quality residential projects to neighbourhoods where demand remains strong. We are grateful for the trust the societies have placed in us, and through these projects we look forward to contributing to the growth story of Chembur.”
These projects are located in the Diamond Garden area, in Chembur. Long known for its strategic location connecting the city’s business districts with the eastern suburbs, Chembur is set to benefit further from recent announcements permitting higher redevelopment potential, enhancing long-term value creation.
Situated just 1.5 kilometres from the Eastern Freeway, the projects offer direct access to Thane, Navi Mumbai and other key parts of Mumbai. Connectivity will be further strengthened by the Diamond Garden Metro Station on Line 2, along with nearby Monorail and Railway links. Proximity to business hubs such as BKC and Powai makes the location highly accessible and well-positioned for the future.
Mahindra Lifespaces launches 166 premium residences at Lakewoods, Mahindra World City, Chennai
Chennai, August 14th, 2025 – Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development business of the Mahindra Group, has announced the launch of new premium residential towers, H & I, at ‘Lakewoods’, Mahindra World City, Chennai (MWC Chennai). This launch adds to the thriving residential community at MWC Chennai, further reinforcing its position as a vibrant and sustainable ecosystem. The two newly launched towers will offer 166 spacious units in 2 & 3 BHK formats, thoughtfully designed for modern living.
The IGBC Platinum pre-certified project builds on Mahindra Lifespaces’ commitment to sustainable development and holistic well-being of homeowners. The design ensures greater privacy with no shared walls between apartments. Cross-ventilated bedrooms and large French windows allow for natural light and airflow, supporting comfortable everyday living. Select units also include private decks that overlook the lake, nearby hills, or the central podium.
Speaking on the launch, Vimalendra Singh, Chief Business Officer – Residential, Mahindra Lifespace Developers Ltd., said, “Mahindra World City, Chennai was envisioned as an integrated, sustainable township where people can live, work and thrive in harmony with nature in a well-planned, sustainable environment. Lakewoods is an integral part of this vision, offering thoughtfully designed homes within walking distance of social infrastructure, green spaces, offices and everyday conveniences. With the launch of Towers H & I, we are deepening our commitment to creating vibrant neighbourhoods that support a balanced and fulfilling lifestyle.”
Lakewoods is a 9.33-acre residential development at Mahindra World City, Chennai, now introducing towers H & I, offering spacious 2 & 3 BHK homes with thoughtfully curated amenities such as a swimming pool, indoor gym, an elevated lounge, jogging track & kids’ play area.
The project integrates green living features such as energy-efficient lighting, organic waste treatment, waste segregation, and water/energy conservation systems. The broader Mahindra World City ecosystem enriches life further through schools, hospitals, retail, dining, and recreational options, along with regular cultural and sporting events that foster a strong community spirit.
Mahindra Lifespaces Reports Strong Q1 FY26 Results with ₹3,500 Cr GDV and ₹51 Cr Profit
Mumbai, Jul 25, 2025 – Mahindra Lifespaces Developers Limited (MLDL), the real estate and infrastructure development business of the Mahindra Group, announced its financial results for the quarter ended 30th June 2025 today. In accordance with INDAS 115, Company recognizes its revenues on completion of contract method.
Key highlights
Q1 FY26:
• Consolidated Sales (Resi and IC&IC) of Rs 569 Cr.
— Gross development value additions in Q1 FY26 were Rs 3,500 crore as against Rs 1,400 crore in Q1 FY25 (~2.5x).
— Q1 FY26 residential pre-sales of Rs 449 crore (saleable area of 0.58 msft, RERA carpet area of 0.42 msft) as compared to Rs 1,019 crore in Q1 FY25. Major launches planned in the subsequent quarters.
— Consolidated revenues of Rs 120 crore in Q1 FY26 from IC&IC business reflecting 17% growth over Q1 FY25 (Total leased area – 18.7 acres).
— The consolidated total income as per INDAS is Rs 41 crore in Q1 FY26 as against Rs 207 crore in Q1 FY25.
• Strong balance sheet, collections and profitability.
— Successful Rights issue completed in Q1. Net debt to equity ratio at -0.23 (cash surplus) as of 30th June 2025.
— Residential collections of Rs 518 crore for Q1 FY26 as compared to Rs 540 crore for Q1 FY25.
— The consolidated profit after tax, after non-controlling interest, as per INDAS is Rs 51 crore in Q1 FY26 as against profit of Rs 13 crore in Q1 FY25.
Commenting on the performance, Mr. Amit Kumar Sinha, Managing Director & CEO, Mahindra Lifespace Developers Ltd., said, “We started the year well with a successful Rights issue in Q1, that has further improved our Balance sheet. We are continuing BD momentum with GDV additions of Rs 3,500 Cr. Our residential sales have been lower as we await certain approvals, however, we have several launches planned in the subsequent quarters. Our IC&IC business has been firing on all cylinders, clocking healthy leasing activity across Jaipur and Chennai.”
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 Industrial Park, Sumitomo Corporation Sign Strategic Cooperation Agreement with Osaka Government to Support Japanese Businesses Entering India
Chennai India, July 18th, 2025: In a significant step towards strengthening India–Japan industrial collaboration, Mahindra Industrial Park Chennai Limited (MIPCL), the developer and operator of Origins by Mahindra, together with its 40% stakeholder and marketing arm in Japan, Sumitomo Corporation, has signed a strategic cooperation agreement with Osaka Prefecture, and the Osaka Industrial Development Bureau (a public interest incorporated foundation to support Japanese companies based in Osaka in expanding their footprint in India. This milestone partnership reinforces Mahindra’s commitment to facilitating high-quality global investment into India’s manufacturing sector and positions Tamil Nadu as a preferred destination for Japanese industry.
Through this agreement, MIPCL and Sumitomo Corporation will work in close coordination with public institutions to serve as a local facilitator for Osaka-based companies exploring opportunities in India. As part of the collaboration, MIPCL and Sumitomo Corporation will support business visits, provide on-ground consultation, and participate in knowledge-sharing seminars hosted in Osaka. The Osaka authorities, in turn, will identify and recommend companies interested in expanding into India, with necessary permissions, ensuring a streamlined entry process for Japanese manufacturers.
India, with its projected GDP growth of 6.3% in FY2025 as forecast by the World Bank, remains a powerful draw for international business. As a rising leader in the Global South, India is increasingly seen as a long-term partner for global supply chains. Chennai, particularly, has become a hub of industrial activity due to its strong port connectivity, ease of access to Southeast Asia, and growing presence of automotive, electronics, and semiconductor companies.
Origins by Mahindra, Chennai already is home to six clients from Japan and offers world-class infrastructure, and stable policy environment.
The collaboration in Chennai will further strengthen these efforts by enabling tailored support for businesses evaluating the Indian market. MIPCL, backed by Mahindra Lifespaces’ deep knowledge of Indian industry, will play a key role in helping Japanese firms navigate regulatory frameworks, secure land and utilities, and scale up operations with confidence.
Mr. Amit Kumar Sinha, Managing Director & CEO, Mahindra Lifespace Developers Ltd., said, “This partnership reflects our vision to build future-ready ecosystems that align with India’s manufacturing ambitions. This also underscores our focus on setting new benchmarks through successful Public-Private Partnerships (PPPs), enabling long-term, sustainable industrial progress. The expansion strengthens India’s industrial ecosystem and supports economic growth.”
Mr. Vikram Goel, Chief Business Officer (Industrial), Mahindra Lifespace Developers Ltd., said “This engagement with Osaka Prefecture marks a milestone in our efforts to enable global investments into India through our industrial ecosystems. Origins by Mahindra, Chennai has been developed to meet the needs of international manufacturers, offering operational readiness, regulatory support, and integrated infrastructure. Through this collaboration, we are well-positioned to support specific requirements of diverse companies, while also deepening the socio-economic impact of our industrial cluster in Tamil Nadu.”
The agreement underlines the spirit of cooperation and mutual interest shared by all parties. By aligning strategic intent with operational expertise, this partnership marks a new chapter in Mahindra’s efforts to attract and enable world-class manufacturing in India.
Mahindra Lifespaces launches a new tower at Mahindra Citadel in Pune
Pune, July 04th, 2025 – Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development arm of the Mahindra Group, has announced the launch of a new tower at Mahindra Citadel, featuring premium 1 BHK homes designed for young professionals, nuclear families, and first-time homebuyers. This tower is part of the larger ~9.66-acre residential development in Pimpri-Chinchwad, Pune, which has an overall Gross Development Value (GDV) of nearly ₹2500 Cr. This launch follows robust demand for the earlier phases and not only offers high-quality urban living but also offers excellent connectivity, as it is adjacent to the Sant Tukaram Metro Station.
Mr. Vimalendra Singh, Chief Business Officer (Residential), Mahindra Lifespace Developers Ltd., said,
“The continued demand and strong sales at Mahindra Citadel strengthens our belief in Pimpri-Chinchwad as a high-potential residential micro-market. With most of Phase 1 and Phase 2 sold out, we are pleased to introduce a dedicated 1 BHK offering that expands our value proposition to a wider demographic of homebuyers. This marks another step forward in our ongoing commitment to deliver quality living spaces that balance convenience, connectivity, and comfort.”
The newly launched Tower is part of the same integrated community, offering access to thoughtfully curated infrastructure and amenities. These include landscaped green zones, a clubhouse, jogging track, gymnasium, multipurpose courts, and dedicated wellness spaces. As with previous phases, homes in this Tower are IGBC Gold pre-certified, with eco-friendly features such as energy-efficient lighting, water conservation systems, and solid waste management provisions. Positioned along the Old Mumbai-Pune Highway, residents also benefit from proximity to educational institutions, healthcare centres, and entertainment hubs, further enhancing the appeal of the location.
