Mahindra Lifespaces

Mumbai, 19 th June 2026 – Mahindra Lifespace Developers Limited, the real estate and infrastructure development arm of the Mahindra Group, today announced the acquisition of a 15-acre land parcel in Kandivali East, Mumbai. The project has an estimated Gross Development Value (GDV) of approximately ₹5,600 crore with a development potential of around 1.8 million square feet.

Commenting on the acquisition, Vimalendra Singh, Chief Business Officer – Residential, Mahindra Lifespace Developers Limited, said, “We are pleased to add this project to our growing Mumbai portfolio. Building on the success of Mahindra Vista in the Kandivali micro-market, this acquisition further strengthens our presence in one of Mumbai’s most promising residential destinations. Acquired through a competitive bidding process, the opportunity aligns with our strategy of expanding in markets with strong end-user demand and long-term growth potential. We remain focused on delivering thoughtfully planned communities that create lasting value for customers and stakeholders alike.”

Strategically located in Kandivali East, the open greenfield land parcel benefits from excellent connectivity to the Western Express Highway and existing metro corridors. The location is supported by established social infrastructure, including schools, hospitals, and retail hubs, and continues to witness strong residential absorption driven by end-user demand.

The project’s accessibility is expected to be further enhanced by the upcoming Borivali–Thane Twin Tunnel, a landmark infrastructure initiative that is set to significantly reduce travel time between Mumbai’s western suburbs and Thane, strengthening regional connectivity and supporting the area’s long-term growth prospects.

About Mahindra Lifespaces Developers Limited

Established in 1994, Mahindra Lifespace Developers Ltd. (‘Mahindra Lifespaces’) brings the Mahindra Group’s philosophy of ‘Rise’ to India’s real estate and infrastructure industry through thriving residential communities and enabling business ecosystems. The Company’s development footprint spans 53.65 million sq. ft. (saleable area) of completed, ongoing and forthcoming residential projects across seven Indian cities; and over 5000 acres of ongoing and forthcoming projects under development / management at its integrated developments / industrial clusters across four locations. Mahindra Lifespaces’ development portfolio comprises premium residential projects; value homes under the ‘Mahindra Happinest®’ brand; and integrated cities and industrial clusters under the ‘Mahindra World City’ and ‘Origins by Mahindra’ brands, respectively. The Company leverages innovation, thoughtful design, and a deep commitment to sustainability to craft quality life and business growth.

As a pioneer in Net Zero homes in India, Mahindra Lifespaces is committed to building only Net Zero homes from 2030 onwards. The company has already launched India’s first three Net Zero residential developments: One Net Zero Energy and two Net Zero Energy+ Waste, showcasing its dedication to environmental responsibility and innovation. With a 100% Green portfolio since 2014, the Company is working towards carbon neutrality by 2040 and actively supports research on green buildings tailored to climatic conditions in India. Mahindra Lifespaces® is the recipient of over 90 awards for its projects and ESG initiatives.

Learn more about Mahindra Lifespaces® at www.mahindralifespaces.com

About Mahindra
Founded in 1945, the Mahindra Group is one of the largest and most admired multinational federation of companies with 324,000 employees in over 100 countries. It enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India and is the world’s largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate. The Mahindra Group has a clear focus on leading ESG globally, enabling rural prosperity and enhancing urban living, with a goal to drive positive change in the lives of communities and stakeholders to enable them to Rise.
Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise/ For updates subscribe to https://www.mahindra.com/news-room

Mumbai, January 6, 2026: Mahindra Lifespace Developers Ltd., the real estate and infrastructure development arm of the Mahindra Group, was the title sponsor of the New Zealand Cricket Golf Day in partnership with TCM Sports, held at the Willingdon Club in Mumbai. The one-day, invitation-only event brought together a curated group of CXOs, promoters, celebrities and high net worth individuals alongside New Zealand Cricket players and legends, reinforcing Mahindra Lifespaces’ premium positioning through association with a world-class sporting platform. The day included a golf tournament followed by a networking dinner, providing a setting for informal interaction and engagement. Mahindra Lifespaces’ association with the platform comes at a time when the company is advancing its strategic focus on premium residential development. Commenting on the occasion, Amit Kumar Sinha, Managing Director and CEO, Mahindra Lifespace Developers Ltd., said, “The Golf Day brought together sport, leadership, and long-term thinking. In both sports and business, sustained performance is built on discipline, and consistent delivery. As Mahindra Lifespaces sharpens its focus on premium residential development, we want to build on that discipline and consistency. Our priority will continue to be create high-quality, state-of-the-art living environments that enhance the living experience.” As Mahindra Lifespaces advances its premium residential strategy, sustainability continues to be a core consideration in how projects are planned and delivered. The company has been among the early movers in green and Net Zero residential development in India. This builds on its experience of developing and operating large-scale green developments, including integrated cities and residential communities, with a continued emphasis on responsible design, energy efficiency and resource optimisation.

Mumbai, December 05, 2025 – Mahindra Lifespace Developers Limited, the real estate and infrastructure development arm of the Mahindra Group, has been recognized as a Global and Regional Sector Leader by GRESB under the Development Benchmark category for 2025. Mahindra Lifespaces has achieved a 5-star rating with a score of 100/100, ranking 4th amongst listed entities, 7th in Asia, and 4th among Indian peers in the residential development benchmark category. The company has also secured the 1st rank in Public Disclosure in Asia for the fifth year, with a score of 100/100 and an A rating.   Amit Kumar Sinha, Managing Director & CEO, Mahindra Lifespace Developers Limited, said: “Sustainability has always been at the heart of Mahindra Lifespaces’ purpose and business strategy. This recognition is yet another affirmation of the pioneering work we continue to pursue and we remain steadfast in driving the Indian real estate sector toward a more responsible, transparent and Net Zero future.” “GRESB Sector Leaders exemplify success in action. They set the pace for the industry, translating strong governance and operational excellence into real-world performance and long-term value,” said Sebastien Roussotte, CEO of GRESB.

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.

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.

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.”

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.

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.