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.

    

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 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 ₹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 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 Expands Further in Pune with Launch of Happinest Tathawade Phase 4

Pune, 30th May 2024: Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development arm of the Mahindra Group, announced the launch of the final phase of its project, Mahindra Happinest Tathawade, a first-of-its-kind ‘Fusion Homes’ residential development in Pune. With most of the inventory in Phases 1, 2, and 3 nearly sold out, this is one of the fastest-selling developments in the micro-market of PCMC. Moreover, with construction of previously launched phases ahead of schedule, possession of apartments is planned from 2025 onwards. The final phase will comprise Tower A of Mahindra Happinest Tathawade, featuring 2 BHK units with carpet areas of 619 sq ft and 701 sq ft, in addition to duplexes available on the top floor. 

As part of this phase, Mahindra Lifespaces is also introducing highway-facing offices and shops within the development, ensuring convenience for residents. This will be the most premium tower in the development, located in one of the fastest-selling projects in Tathawade, Pune. The new commercial spaces will offer a diverse range of options, including Shops & offices. Mahindra Lifespaces remains committed to strategically incorporating thoughtful amenities and services that enhance the overall living experience for our customers. 

Launched in 2019, Happinest Tathawade offers features and amenities designed considering the limitations that emerged in traditional homes during the COVID lockdown. Hence, the development offers various category-first amenities like pedaling seats with provision for workstations, an organic farm, and numerous outdoor adventure games, aiming to bring the idea of fusion living to customers. Designed for maximum interior space utilization, each apartment offers efficient layouts with larger personal spaces and smaller passages. 

Vimalendra Singh, Chief Business Officer (Residential), Mahindra Lifespace Developers Ltd., said, ”Pune continues to be one of the most sought-after residential destinations, driven by strong end-user demand. The city's impressive growth in social and urban infrastructure, coupled with increasing employment opportunities, has bolstered our commitment to this market. The enthusiastic response to the previous phase of Happinest Tathawade has been immensely gratifying. We are excited to launch the final phase, which includes exclusive 2 BHK units and a duplex, and we are confident that it will be well-received by our discerning customers, thanks to its integrated offering of residential, retail, and commercial spaces." 

Strategically located along the Mumbai-Pune highway, the development is situated in a highly coveted residential area and an educational hub within Pimpri-Chinchwad. It is near the IT hub of Hinjewadi, various multi-speciality hospitals, and the proposed Hinjewadi Junction metro station. The area boasts upcoming developments including a lifestyle mall and the forthcoming 170 km ring road, slated to encircle both Pune and PCMC. The location also offers excellent connectivity to key transit points such as the Old Mumbai-Pune highway, Pune-Dhule-Nasik highway, railway stations (Kasarwadi and Pimpri), bus stop (Pimpri Chowk), and metro station (Sant Tukaram Nagar). Additionally, with the new phase, residents will benefit from proximity to the multi-level car park, health amenities like a fitness centre and play areas for kids and adults, and convenient retail options for everyday needs.