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 Wins Redevelopment Mandate for Four Societies in Malad (West), Mumbai, with a Potential of ~INR 800 Crore

Mumbai, October 10th, 2025: Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development arm of the Mahindra Group, today announced that it has been selected as the preferred partner for the redevelopment of four residential societies in Malad (West), one of Mumbai’s established suburban neighbourhoods. Spread across approximately 1.65 acres, the project offers a development potential of INR ~800 crore. The project is located close to Mahindra Lifespaces’ ongoing redevelopment project, Mahindra Codename64, strengthening presence in the micro-market. Located just 2.6 km from the Western Express Highway, the project offers excellent connectivity to key parts of Mumbai via multiple transport modes. It is conveniently situated less than 1 km from Malad West Metro Station and around 1.5 km from Malad Railway Station. The location’s proximity to prominent business hubs such as Mindspace, Malad and Bandra Kurla Complex (BKC) further enhances its appeal. Mr Vimalendra Singh, Chief Business Officer – Residential, Mahindra Lifespace Developers Ltd., said, “This project further strengthens our presence in Mumbai’s redevelopment market, reflecting the trust our brand has earned over the years with customers and communities. Our reputation for delivering thoughtfully designed, high-quality homes has made us a preferred choice for societies looking to redevelop. This is also in line with our strategy of deepening presence in established micromarkets, enabling us to leverage economies of scale and enhance project efficiencies.” Situated in an established residential area, the new development will provide easy access to a wide range of urban conveniences, including reputed schools, leading healthcare facilities, retail destinations, and business centres. With the operational Malad Metro Station in close proximity, residents will benefit from enhanced mobility and connectivity across Mumbai.

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.

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 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 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.

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 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 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 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.