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Mahindra Lifespaces expands footprint in North Bengaluru with Strategic Acquisition worth INR 1100 Crore GDV
Bengaluru, 30 June 2025: Mahindra Lifespace Developers Ltd. (“Company”) announced the signing of a Share Purchase Agreement (SPA) with Shreyas Stones Private Limited (“SSPL”), whereby the shareholders of SSPL have agreed to sell their entire stake (i.e. 100% of the equity shares).
This acquisition unlocks a premium development opportunity with an estimated Gross Development Value (GDV) of INR 1,100 crore.
Amit Kumar Sinha, Managing Director & CEO, Mahindra Lifespace Developers Ltd., said, “This acquisition marks a key milestone in strengthening our presence in North Bengaluru, one of the city’s most promising real estate corridors. With this parcel adjoining our existing land, we now have the opportunity to create a unified, high-quality premium development with a combined GDV potential of approximately ₹2,100 crore. It reflects our continued focus on scale, synergies, and value creation in our core markets.”
Located off the Bengaluru-Hyderabad Highway and in close proximity to the Kempegowda International Airport, the site offers strong connectivity and strategic access to North Bengaluru’s rapidly evolving ecosystem. The micro-market is home to IT parks, commercial hubs, leading educational institutions, healthcare facilities, retail destinations, and is set to benefit from upcoming metro connectivity, making it an attractive value proposition for homebuyers. SSPL owns ~8.79 acres of land at Navaratna Agrahara Village within this high potential micro-market.
Mahindra Lifespaces wins Mulund West redevelopment project worth ₹1,250 Crore
Mumbai, June 27th, 2025 – Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development arm of the Mahindra Group, today announced its appointment as the preferred developer for the redevelopment of a premium housing society in Mulund (West), Mumbai. The project spans across a 3.08-acre land parcel and has an estimated development value of approximately ₹1,250 crore.
The site offers excellent connectivity, being just 1.4km from the upcoming Mumbai Metro Line 5 and 0.8 km from the Goregaon-Mulund Link Road. It also provides seamless access to the Eastern Express Highway and the Mulund-Airoli Bridge, facilitating convenient travel to Navi Mumbai, and other business hubs.
Mr. Vimalendra Singh, Chief Business Officer – Residential, Mahindra Lifespace Developers Ltd, said:
“At Mahindra Lifespaces, our redevelopment philosophy centres around creating value for residents and the city. We aim to blend design excellence with sustainability and on time delivery. With robust connectivity and access to employment hubs in South Mumbai, Navi Mumbai and Thane, this project is poised to be a key contributor to the area’s continued growth story.”
Mahindra Lifespaces Announces the Launch of Mahindra Codename64 in Malad (West), Mumbai
Mumbai, June 23rd, 2025: Mahindra Lifespace Developers Limited, the real estate and infrastructure development arm of the Mahindra Group, announces the launch of Mahindra Codename64, a landmark residential development in Malad (West), Mumbai. This launch marks the beginning of Mahindra Lifespaces’ redevelopment journey in the city and is part of a larger planned development. Located in Malad (West), one of Mumbai’s most desirable micro-markets, Mahindra Codename64 represents a significant milestone in the company’s strategic expansion, backed by a strong redevelopment portfolio and a robust future development pipeline.
Mahindra Codename64 offers well-crafted 2 and 3 BHK residences designed to bring together comfort, functionality, and mindful urban living. Each home features spacious layouts, excellent cross-ventilation, abundant natural light, and expansive private decks, creating a calm and energy-efficient living environment. Staying true to Mahindra Lifespaces’ philosophy of building Homes of Positive Energy, the project seamlessly blends thoughtful design with sustainable planning to promote well-being and a sense of balance. The project offers ~2.2 acres of recreational space. Amenities include a half Olympic-sized swimming pool, an expansive clubhouse featuring an indoor gym, badminton court, community hall, aerial yoga, kickboxing, and aerobics. The project also features amenities thoughtfully curated to support an active lifestyle, including and well-planned children’s play areas.
Commenting on the launch, Mr. Vimalendra Singh, Chief Business Officer – Residential, Mahindra Lifespace Developers Ltd., said, “Mahindra Codename64 is more than a project launch. It reflects our deepening commitment to Mumbai’s urban transformation. As we step into the city’s redevelopment space, our focus is on creating homes and communities that stand the test of time. With Mahindra Codename64, we aim to blend intelligent design, quality, and meaningful lifestyle experiences in one of the city’s most connected and vibrant neighbourhoods. This is the first of many steps in building the Mumbai of tomorrow.”
Located in an established neighbourhood, Mahindra Codename64 offers seamless access to upmarket social infrastructure, including reputed schools, leading healthcare facilities, prominent shopping malls, major offices and business hubs. With the operational Malad Metro Station just 500 metres away, the project is very well connected by roads and offers access to public transport like local trains to all business and leisure hubs of the city.
MLDL quadruples GDV additions (18,100 Cr) in FY25; Records highest ever operating cash flows and 20.4% growth in pre-sales
Mumbai, Apr 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 31st March 2025 today. In accordance with INDAS 115, Company recognizes its revenues on completion of contract method.
Key highlights
FY25:
• Consolidated Sales (Resi and IC&IC) of Rs 3299 Cr.
— Gross development value additions in FY25 were Rs 18,100 crore as against Rs 4,400 crore in FY24 (~4x growth).
— Residential pre-sales of Rs 2,804 crore in FY25, reflecting 20.4% growth over FY24 (saleable area – 3.18 msft, RERA carpet area – 2.32 msft).
— Consolidated revenues of Rs 495 crore in FY25 from IC&IC business reflecting 5% growth over FY24 (Total leased area – 85.1 acres).
— The consolidated total income as per INDAS grew by 66% in FY25 to Rs 463.9 crore as against Rs 279.1 crore in FY24.
• Strong collections, cashflow, profitability and healthy balance sheet.
— Residential collections at Rs 1,831 crore for FY25 as compared to Rs 1,385 crore for FY24.
— Highest ever Consolidated Operating cash flow (including joint ventures and associates) in FY25 of Rs 832 Cr as against Rs 639 crore in FY24, reflecting a 30% growth.
— The consolidated profit before tax, after non-controlling interest, as per INDAS grew by 30% to Rs 70.5 crore in FY25 as against Rs 54.3 crore in FY24.
— The consolidated profit after tax, after non-controlling interest, as per INDAS is Rs 61.3 crore in FY25 as against Rs 98.2 crore in FY24.
— Net debt to equity ratio remained healthy at 0.39 in FY25.
Q4 FY25:
• Consolidated Sales (Resi and IC&IC) of Rs 1266 Cr.
— Gross development value additions in Q4 FY25 were Rs 3,650 crore as against Rs 2,040 crore in Q4 FY24 (~1.8x growth).
— Q4 FY25 pre-sales of Rs 1,055 crore (saleable area – 1.03 msft, RERA carpet area – 0.70 msft) as compared to Rs 1,086 crore in Q4 FY24.
— Consolidated revenues of Rs 211 crore in Q4 FY25 from IC&IC business reflecting 14% growth over Q4 FY24 (Total leased area – 37.8 acres).
— The consolidated total income as per INDAS is Rs 55.4 crore in Q4 FY25 as against Rs 54.6 crore in Q4 FY24.
• Strong collections, cashflow and profitability.
— Residential collections of Rs 466 crore for Q4 FY25 as compared to Rs 412 crore for Q4 FY24.
— The consolidated profit before tax, after non-controlling interest, as per INDAS grew by 48% to Rs 86.5 crore in Q4 FY25 as against profit of Rs 58.6 crore in Q4 FY24.
— The consolidated profit after tax, after non-controlling interest, as per INDAS is Rs 85.1 crore in Q4 FY25 as against profit of Rs 71.5 crore in Q4 FY24, reflecting a 19% growth.
Commenting on the performance, Mr. Amit Kumar Sinha, Managing Director & CEO, Mahindra Lifespace Developers Ltd., said, “We had a very successful year with GDV additions of Rs 18,100 Cr, ~4x over FY24. We also had a 20.4% growth in our residential pre-sales, driven by successful launches such as Vista Ph2, IvyLush, Zen and Green Estates during the year. Our IC&IC business also had a strong with marquee transactions closed during the year. This positions us well to achieve our stated target of 8,000 – 10,000 Cr sales in 5 years. Further our balance sheet remains strong with highest ever operating cash flows and well-controlled net debt to equity.”
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 launches Mahindra NewHaven next to successful Mahindra Zen, Bengaluru
Bengaluru, April 17th, 2025: Mahindra Lifespace Developers Ltd., the real estate and infrastructure development arm of the Mahindra Group, has announced the launch of Mahindra NewHaven, an IGBC-certified Net Zero Energy & Waste project. The development features 70% open spaces, with bespoke 3, 3.5, and 4 BHK residences and is purposefully designed to elevate modern living with a strong focus on sustainability and innovation. This project is located adjacent to the already successful Mahindra Zen on Hosur road in South Bengaluru.
Vimalendra Singh, Chief Business Officer (Residential), Mahindra Lifespace Developers Limited, said, “Bengaluru continues to be a key market for Mahindra Lifespaces, with our projects consistently receiving strong responses. Following the success of Mahindra Eden and Mahindra Zen, both of which are almost sold out, we are excited to announce the launch of Mahindra NewHaven, our fourth premium development in South Bengaluru, designed to meet the city’s evolving lifestyle aspirations.”
The project’s architectural design emphasizes natural harmony, featuring spacious homes with excellent cross-ventilation, abundant natural sunlight, and wide, expansive decks. The residences are designed to provide a serene living experience.
Mahindra NewHaven also features premium lifestyle amenities, including a 10,400 sq. ft. clubhouse with an infinity pool. Located just 1 km from Singasandra metro station and near Electronic City, the project offers excellent connectivity to IT hubs, business parks, and a thriving social infrastructure. Residents will benefit from easy access to top educational institutions, shopping centers, supermarkets, entertainment venues, and dining options, making it a truly comprehensive lifestyle destination.
Mahindra Lifespaces to Redevelop Two Societies in Lokhandwala, Mumbai with a development value of ₹1,200 Cr
Mumbai, April 02nd, 2025: Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development arm of the Mahindra Group, announced today that it has been appointed as the preferred partner for the redevelopment of two residential societies in the Lokhandwala Complex, Andheri West, Mumbai, with a project value of approximately ₹1,200 crore.
The project will be pursued under the state’s cluster development scheme. The redevelopment site is strategically located 15 minutes from the upcoming Versova-Bandra Sealink, providing excellent connectivity to other parts of the city.
Amit Kumar Sinha, Managing Director & CEO, Mahindra Lifespace Developers Ltd., said, “This strategic milestone significantly fortifies our presence in Mumbai’s western suburbs, a pivotal market for our growth ambitions. We are most excited to leverage our expertise to create an exceptional living experience.”
Vimalendra Singh, Chief Business Officer – Residential, Mahindra Lifespace Developers Ltd., said, “This project is a testament to the trust that customers have placed in Mahindra Lifespaces. They value our proven track record of delivering high-quality living spaces and our commitment to transparency. At Mahindra Lifespaces, we prioritize innovative designs, timely delivery, and uncompromising quality. By combining these values with our expertise in creating premium residences, we aim to exceed our customers’ expectations and enhance the neighbourhood.”
The area is also witnessing robust development of social and leisure infrastructure, including the upcoming coastal road. This premium project will offer residents a unique blend of comfort, convenience, and connectivity.
Mahindra Lifespaces Unveils ‘Home of Positive Energy’ as its new brand idea
Launching a Digital Video Film and a Mobile Experience Caravan to Bring ‘HOME of POSITIVE ENERGY’ to Life
DVC Link – https://youtu.be/867KB09MXTo
Mumbai, March 03rd, 2025: Mahindra Lifespace Developers Ltd., (MLDL), the real estate and
infrastructure development arm of the Mahindra Group introduced an authentic and evocative new
brand idea – ‘HOME of POSITIVE ENERGY’. This philosophy embodies the company’s commitment to
creating homes that promote well-being and harmony through thoughtful design, ample natural light,
and green spaces. The launch includes a digital video commercial (DVC) and a Mobile Experience
Centre, a first-of-its-kind initiative traveling across key locations in Mumbai, offering a firsthand
glimpse into the serenity that Mahindra homes provide.
Speaking on the launch, Abhimanyu Mathur, Chief Marketing Officer, Mahindra Lifespace
Developers Ltd., said, “HOME of POSITIVE ENERGY perfectly captures the way we design and build our
homes at Mahindra Lifespaces. Every aspect of our developments, from architecture to amenities is
crafted to enhance well-being and create a harmonious living environment. With Mahindra Vista, we
are bringing this philosophy to life, ensuring that homebuyers find not just a house, but a sanctuary
that nurtures their aspirations and daily lives.”
The DVC showcases the Mahindra Vista Caravan as a symbol of curiosity, drawing people in to
experience the inviting ambiance that defines the brand. It highlights the warmth and comfort of
Mahindra homes, culminating in a moment of contentment that reinforces the brand’s ethos.
After a long day navigating Mumbai’s chaos, a home should be a peaceful retreat. Bringing this vision
to life, Mahindra Lifespaces has launched the Mobile Experience Centre. Unlike a static billboard, it
offers a tangible and dynamic representation of the brand’s philosophy.
The brand positioning was developed in collaboration with strategic and creative agency The Womb,
who played a key role in shaping this vision. Heval Patel, Chief Operating Officer, The Womb, added,
“Today within a pin code- location and amenities, have become table-stakes. As rapid corporatization
picks momentum and levels the playing field for all, it was time for us to unearth and define the core
of Mahindra Lifespaces. The ‘HOME of POSITIVE ENERGY’ thought was to articulate not just a
pointof-view but a point-of-distinctiveness. Something that guides not just what we say but also helps
integrate seamlessly into the product and service experience”
This initiative underscores Mahindra Lifespaces’ vision of shaping vibrant, future-ready communities.
By blending innovation with purposeful design, the brand continues to redefine urban living, ensuring
that every development reflects its commitment to a more enriching lifestyle.
Mahindra Lifespace announces Redevelopment project of GDV ₹1,650 Crore in Mahalaxmi, Mumbai
Mumbai, February 18, 2024 – Mahindra Lifespace Developers Limited (MLDL), the real estate and
infrastructure development arm of the Mahindra Group, has partnered with Livingstone Infra Private
Limited (LS) for a cluster redevelopment project in Mahalaxmi, with a Gross Development Value (GDV)
of ₹1650 Crore.
Mr. Amit Kumar Sinha, Managing Director & CEO, Mahindra Lifespace Developers Ltd., said, “This
development marks Mahindra Lifespaces’ strategic expansion into South Mumbai’s premium real
estate market by creating residences that contribute to Mumbai’s urban renewal. The redevelopment
aims to showcase cutting-edge design, sustainable elements, and premium amenities, enhancing the
city’s skyline.”
Located in the upscale Mahalaxmi area, the project site enjoys a prime position in one of South
Mumbai’s most sought-after neighborhoods. A key advantage of the location is its exceptional
connectivity, which ensures convenient access to major business districts, essential services, and
leisure destinations across South Mumbai.
Mahindra Lifespaces Announces Phase 2 Launch of Mahindra Vista in Kandivali East
Mumbai, February 10th, 2025: Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development arm of the Mahindra Group, announced the launch of Phase 2 of Mahindra Vista, India’s first Net Zero Waste + Energy residential project in Kandivali East, Mumbai. This phase introduces 599 premium residences. All units come with balconies, designed to meet the evolving aspirations of urban homebuyers.
Vimalendra Singh, Chief Business Officer (Residential), Mahindra Lifespace Developers Limited said, “Mahindra Vista’s unprecedented success with Phase 1 generating ₹800 crore in just three days, is a testament to the trust our customers place in us. This overwhelming response and basis customer demand, we have preponed the phase 2 launch. At a time when environmental consciousness is reshaping choices, our commitment to sustainability has deeply resonated with homebuyers. The success of Mahindra Vista highlights Mumbai’s growing preference for responsible living and strengthens our resolve to create a greener future.”
Spread across 7.74 acres, Mahindra Vista exemplifies sustainable living with a low tower footprint of under 12% and expansive green spaces. This includes 1.92 acres of landscaped greens on mother earth and an additional 1.6 acre podium top adorned with a signature-designed colonnade and an infinity-edge pool. Residents will also enjoy a state-of-the-art, biophilic-roof clubhouse spanning 28,000 sq. ft., alongside high-street retail, and convenient shopping options.
Located in Kandivali East, Mahindra Vista enjoys proximity to key infrastructure and connectivity advantages. Residents will benefit from easy access to Akurli Road, the upcoming DP Road, and major transportation networks, including highways, rail, and metro services. Overlooking the serene Sanjay Gandhi National Park, the project offers a unique blend of tranquility and urban convenience.
Mahindra Lifespaces Adds a New Redevelopment Deal Worth Rs 950 Crore in Lokhandwala, Mumbai
Mumbai, February 3rd, 2025: Mahindra Lifespace Developers Limited (MLDL), the real estate and
infrastructure development arm of the Mahindra Group, today announced that the Company has been
appointed as the developer for a redevelopment project in Lokhandwala Complex, Andheri West,
Mumbai. The project offers a Gross Development Value (GDV) of approx. Rs 950 crore. This strategic
move secures a fourth redevelopment project in Mumbai.
Mahindra Lifespaces has been chosen as the preferred partner for the redevelopment of three
residential societies together. The project will be developed under state’s cluster redevelopment
policy. It is located 15 minutes from the upcoming Versova-Bandra Sealink, providing great
connectivity to other parts of the city.
Amit Kumar Sinha, Managing Director & CEO, Mahindra Lifespace Developers Ltd., said, “This
strategic move strengthens our presence in the western suburbs of Mumbai. This project is in a prime
location, which is well connected and offers a great lifestyle. It will be a premium development that will
reflect our commitment to sustainable living, modern design, and creating spaces that inspire and
elevate everyday life.”
