MLDL Quadruples GDV Additions to ₹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 Expands Footprint in North Bengaluru with Strategic Acquisition Worth INR 1,100 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 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 Lifespaces 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 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 Acquires 8.2-Acre Land Parcel with a GDV of Almost INR 1,000 Crore

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.

Mahindra Lifespaces Adds a New Redevelopment Deal Worth ₹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.”

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 Reports Pre-Sales of ₹1,749 Crore and Industrial Land Leasing of ₹209 Crore for 9M FY25

Mumbai, Jan 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 31st December 2024 today. In accordance with INDAS 115, Company recognizes its revenues on completion of contract method. Key highlights 9M FY25 & Q3 FY25:

• Achieved pre-sales of Rs 1,749 crore in the residential business (saleable area – 2.15 msft, RERA carpet area – 1.62 msft). Q3 FY25 pre-sales of Rs 334 crore (saleable area – 0.45 msft, RERA carpet area - 0.33 msft).
• Gross development value additions in 9M FY25 were Rs 14,050 crore as against Rs 2,360 crore in 9M FY24. Additions during the quarter include 37-acre land parcel (JDA) at Bhandup (planned for residential, commercial and retail) with a GDV potential of Rs 12,000 crore. Post the end of the quarter, we acquired an 8-acre land parcel near Bengaluru airport with a GDV potential of Rs 1,000 crore.
• Collections stood at Rs 1,365 crore for the 9M FY25 from the residential business as compared to Rs 973 crore for 9M FY24.
• Achieved revenues through land leasing of 47.3 acres in the IC&IC business for Rs 208.9 crore. During Q3 FY25, 12.4 acres were leased for Rs 45.7 crore.
• The consolidated total income stood at Rs 408.4 crore in 9M FY25 vs. Rs 224.5 crore in 9M FY24. The consolidated total income stood at Rs 185.8 crore in Q3 FY25 vs. Rs 88.8 crore in Q3 FY24 and Rs 16.0 crore in Q2 FY25.
• The consolidated loss, after non-controlling interest, stood at Rs 23.8 crore in 9M FY25 as against profit of Rs 26.8 crore in 9M FY24. The consolidated loss, after non-controlling interest, stood at Rs 22.5 crore in Q3 FY25 as against profit of Rs 50.0 crore in Q3 FY24 and a loss of Rs 14.0 crore in Q2 FY25

Commenting on the performance, Mr. Amit Kumar Sinha, Managing Director & CEO, Mahindra Lifespace Developers Ltd., said, “We recorded our highest ever GDV additions during Q3, setting us up very well to achieve 5x growth target. Q3 FY25 pre-sales was primarily driven by sustenance, though it was slow compared to last year. We launched IvyLush during the quarter and are getting a good response for the project. We are gearing for our planned launches in Q4 FY25 across our key markets. Our IC&IC business continues to benefit from strong macro tailwinds.” 

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.