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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 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 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 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® acquires 8.2-acre land parcel with a GDV of almost INR 1,000 crores
Bengaluru, January 23rd, 2025 – Mahindra Lifespace Developers Limited (MLDL) through its subsidiary Anthurium Developers Ltd (ADL), has announced the acquisition of 8.2 acres of land in North Bengaluru, marking a strategic addition to its growing portfolio in the city. The land has a developable potential of approximately 0.9 million square feet of saleable area and a projected Gross Development Value (GDV) of almost INR 1,000 crore. The project will primarily feature mid-premium residential apartments catering to the rising demand for quality housing in Bengaluru.
Amit Kumar Sinha, Managing Director & CEO, Mahindra Lifespace Developers Ltd., said, “Bengaluru is a strategic market for us, and this will be our seventh project in the city. Given the proximity to the international airport and major tech parks, we believe North Bengaluru will be an important micro-market with strong demand for well-planned, high-quality homes.”
The site is strategically located off the Bangalore-Hyderabad Highway, with proximity to the international airport, IT hubs, commercial offices, and a growing and developing social infrastructure. The area offers access to renowned educational institutions, healthcare facilities, retail hubs. Just 1.8Kms from the upcoming Doddajala metro station, makes it an ideal location for urban homebuyers.
Mahindra Lifespaces plans to launch the project within the next nine months, further strengthening its position as a leading developer of thoughtfully designed and sustainable residential spaces in Bengaluru, one of India’s fastest-growing real estate markets.
