Mumbai, July 23, 2026 – Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development business of the Mahindra Group, announced its financial results for the quarter ended 30 th June 2026 today. In accordance with INDAS 115, Company recognizes its revenues on completion of contract method.

Key highlights

Q1 FY27:

● Consolidated Sales (Resi and IC&IC) of Rs 966 crore, 70% YoY growth

● Strong balance sheet and collections and profitability.

Commenting on the performance, Mr. Amit Kumar Sinha, Managing Director & CEO, Mahindra Lifespace Developers Ltd., said, “We have begun FY27 on a strong footing, delivering robust pre-sales growth and healthy profitability. Building on two consecutive years of over 18,000 Cr in GDV additions, we added 5,600 Cr of GDV in Q1 in the Mumbai region. Our IC&IC business enters Q2 FY27 with a strong pipeline, providing good visibility for growth. Supported by a healthy balance sheet, we remain well-positioned to pursue growth opportunities while maintaining financial discipline.”

Notes:

About Mahindra Lifespace Developers Ltd.

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

Chennai, 22^nd July 2026: Mahindra Lifespace Developers Ltd. (MLDL), the real estate and infrastructure development arm of the Mahindra Group, through its joint venture company, Mahindra Industrial Park Chennai Limited (MIPCL), today announced the execution of a Second Supplemental Agreement between Sumitomo Corporation, Japan and Mahindra World City Developers Limited (MWCDL). This agreement is for the expansion of Origins by Mahindra in Chennai with the development of Phase 2B.

Mahindra Lifespaces and Sumitomo Corporation entered into a partnership in 2015 for Phase 1 of Origins by Mahindra in Chennai. The partnership further strengthened with the expansion into Phase 2A in 2024 and has now extended to Phase 2B in July 2026.

The agreement further sets out the framework for the acquisition, transfer and development of ~95 acres of land under Phase 2B. This will further strengthen the industrial ecosystem at Origins by Mahindra.

The combined area across all phases stands at ~540 acres. Building on the strong interest shown by Japanese manufacturers in establishing operations in India, the expansion is expected to support the next wave of global and domestic investments. This will reinforce Chennai's position as a preferred industrial and logistics hub.

Mr. Amit Kumar Sinha, Managing Director & CEO, Mahindra Lifespace Developers Ltd., said, "Our partnership with Sumitomo Corporation has played an important role in creating a high-quality industrial ecosystem that serves both global and domestic manufacturers. The execution of this Second Supplemental Agreement marks another milestone in our shared vision of expanding Origins by Mahindra. It reflects our commitment to creating future-ready industrial infrastructure that supports India's manufacturing growth and strengthens Tamil Nadu's position as a leading investment destination."

Mr Vikram Goel, Chief Business Officer – Industrial, Mahindra Lifespace Developers Ltd., said, “This expansion reinforces our commitment to strengthening Origins by Mahindra as the preferred destination for businesses seeking world-class infrastructure. It also offers an ecosystem designed for long-term growth.

The project will continue to leverage the combined strength of Mahindra Lifespaces and Sumitomo Corporation in developing integrated industrial parks that provide high-quality infrastructure, efficient planning and a conducive environment for businesses to establish and expand their operations.

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

Mahindra Lifespaces Launches Mahindra Rainforest on LBS Marg, Kanjur, a Premium Mixed-Use Development in Central Suburbs Mumbai

Mumbai, 19 th March 2026 – Mahindra Lifespace Developers Limited, the real estate and infrastructure development arm of the Mahindra Group, has announced the launch of residential – phase 1& 2 of Mahindra Rainforest, a premium mixed-use development located on LBS Marg, Kanjur, Mumbai. Spanning ~25.47 acres, the project is among the largest developments in Mumbai’s central suburbs and is envisioned as an integrated lifestyle destination.

The residential launch phases have an estimated Gross Development Value (GDV) of approximately ₹3,000 crore. Part of a larger mixed-use ecosystem, Mahindra Rainforest is designed to redefine urban living by seamlessly integrating residential, commercial, and retail within a single development. The residential township in these phases will offer thoughtfully designed 2 and 3 BHK premium residences tailored for modern urban lifestyles. Emphasizing green spaces, community living, and sustainable design, the project reflects Mahindra Lifespaces’ philosophy of building Homes of Positive Energy, with a strong focus on climate-responsive planning and enhanced quality of life.

Commenting on the launch, Vimalendra Singh, Chief Business Officer – Residential, Mahindra Lifespace Developers Ltd., said, “Mumbai continues to be a strategic focus market for Mahindra Lifespaces, and the central suburbs are an important residential corridor driven by strong connectivity and established social infrastructure. With Mahindra Rainforest, we are bringing our philosophy of ‘Homes of Positive Energy’ to life through a landmark mixed-use development that brings together nature, thoughtful design, and everyday functionality. The idea is to create not just homes, but a living environment where green spaces, community experiences, and sustainable planning come together in a meaningful way. We believe Mahindra Rainforest will set a new benchmark for well-planned, premium and nature-led living in central suburbs.”

Situated on LBS Marg, Kanjur, the project offers strong connectivity to the Eastern Express Highway, the Jogeshwari–Vikhroli Link Road (JVLR), and upcoming infrastructure including the Goregaon–Mulund Link Road (GMLR) and an east–west connecting flyover in Bhandup. Residents will further benefit from Metro Line 4, which abuts the project, along with proximity to the interchange with Metro Line 6 and seamless connectivity to the suburban rail network. The neighbourhood provides convenient access to key business districts such as BKC and Powai, supported by wellestablished social infrastructure, including reputed schools, hospitals, malls, and entertainment hubs. The residences feature thoughtfully designed, contemporary layouts with abundant natural light, spacious living areas, large decks, and private foyers, enhancing the overall premium living experience.

As part of the larger development, the residential township will offer over 3.5 lakh sq. ft. of open amenities and clubhouse spaces, making it amongst the largest in Mumbai. The development has over 7 acres of open dense green spaces. The phase 1&2 will include an expansive clubhouse, fitness zones, jogging tracks, yoga and meditation areas, a library, children’s play zones, and thoughtfully designed community spaces. Retail conveniences are seamlessly integrated within the development to support everyday needs. Positioned as a landmark development in Kanjur, Mahindra Rainforest further marks a significant step in the transformation of Mumbai’s central suburbs into a vibrant premium residential destination.

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

Mitsubishi Electric India to Invest ₹2,100 Cr. in Manufacturing Expansion at Origins by Mahindra, Chennai

Chennai, February 06, 2026: Mahindra Industrial Park Chennai Limited (MIPCL), a joint venture between Mahindra World City Developers Limited and Sumitomo Corporation of Japan, marks yet another significant milestone with the commencement of operations of Mitsubishi Electric India Private Limited’s air conditioner and compressor manufacturing facility at Origins by Mahindra in Chennai. The facility, spread across 52 acres within the integrated industrial cluster, represents the scaling up of Mitsubishi Electric India’s manufacturing presence in India. The facility was inaugurated by the Hon’ble Chief Minister of Tamil Nadu, Thiru M.K. Stalin, through a virtual plaque unveiling. Developed with an investment of approximately ₹2,100 crore, the facility underscores Mitsubishi Electric India’s long-term commitment to India and further strengthens Tamil Nadu’s position as a preferred destination for high-value, technology-led manufacturing. With an annual production capacity of 300,000 indoor and outdoor room air conditioners and 650,000 compressors, the expansion contributes to the development of a strong regional supplier ecosystem, and aligns with the Government of India’s ‘Make in India’ initiative. At the inauguration, Hon’ble Chief Minister Thiru M.K. Stalin said, “Chennai continues to serve as the manufacturing backbone of Tamil Nadu, anchored by a deep and well-established industrial ecosystem. The inauguration of Mitsubishi Electric India’s new air conditioner and compressor manufacturing facility reflects the state’s growing potential and our commitment to enabling businesses from India and across the world to strengthen manufacturing, expand operations, and grow sustainably in Tamil Nadu.” Atsushi Takase, Managing Director, Mitsubishi Electric India, said, “India is witnessing a rapid growth for energy-efficient and high-quality air-conditioning solutions. This facility will support this growing demand through local manufacturing, while enabling us to respond faster to customer needs, strengthen quality control, and ensure sustainable operations. It will position India as a core hub within Mitsubishi Electric’s global air conditioning business. Aligned with the progressive industrial vision of the Tamil Nadu government, this investment underscores our long-term commitment to India, Tamil Nadu, and the country’s manufacturing ambitions.” Vikram Goel, Chief Business Officer – Industrial, Mahindra Lifespace Developers Limited, said, “The expansion of Mitsubishi Electric India’s manufacturing operations at Origins by Mahindra reflects the strength of our integrated industrial cluster model. We focus on building future-ready ecosystems that combine world-class infrastructure, sustainability-led development, and seamless connectivity. The continued expansion of large global manufacturers like Mitsubishi Electric India within our developments reinforces the trust placed by these brands in our platform and our ability to support long-term industrial growth.” Origins by Mahindra, Chennai is strategically located on NH16 and lies within the influence zones of the Chennai–Bengaluru Industrial Corridor (CBIC) and the Chennai–Visakhapatnam Industrial Corridor (CVIC). The industrial cluster offers proximity to the ports of Chennai, Ennore and Kattupalli, enabling efficient logistics and supply chain operations for manufacturing-led businesses. The expansion of Mitsubishi Electric India’s operations further strengthens Origins by Mahindra, Chennai’s ecosystem of leading global manufacturers and reinforces Mahindra Lifespaces’ commitment to enabling sustainable, high-quality industrial development aligned with India’s manufacturing ambitions.

Mahindra Lifespaces Secures New Redevelopment Mandate in Matunga with a GDV of INR 1,010 Crore

Mumbai, 03rd December 2025 – Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development arm of the Mahindra Group, has been selected as the preferred development partner for a major residential redevelopment project in Matunga, Mumbai. The project spans approximately 1.53 acres, with a gross development value of around INR 1,010 crore, further strengthening our footprint in the Mumbai micro market. This upcoming development will transform the existing housing cluster into a modern community featuring improved infrastructure, contemporary design, and enhanced lifestyle amenities. Located in Matunga, the site benefits from seamless connectivity to key social and business hubs. The micro-market is a well-established residential catchment with proximity to Shivaji Park, leading educational institutions, healthcare facilities, retail destinations, robust transport networks and nearby metro links. Commenting on the new mandate, Mr. Vimalendra Singh, Chief Business Officer – Residential, Mahindra Lifespace Developers Ltd., said: “This mandate is a strong endorsement of the trust communities place in Mahindra Lifespaces to deliver redevelopment that genuinely uplifts neighbourhoods. Matunga is a well-established and highly valued neighbourhood, and this redevelopment allows us to contribute thoughtfully to its next chapter with homes designed for modern lifestyles. We look forward to setting a new benchmark for community-centric redevelopment in Mumbai.” The redevelopment will be planned with a strong emphasis on sustainability, and modern urban design, in line with Mahindra Lifespaces’ commitment to developing Homes of Positive Energy. Residents will benefit from enhanced infrastructure, improved lifestyle amenities, and superior connectivity. With this addition, Mahindra Lifespaces continues to strengthen its presence in Mumbai’s redevelopment landscape, further expanding its footprint in established city micro-markets.

Mahindra Lifespaces Announces the Launch of Mahindra Blossom, a Net Zero Waste Residential Project in Whitefield, Bengaluru

~ Introducing an exclusive low-density community designed around nature, thoughtful living, and sustainability  Bengaluru, 17 December 2025 – Mahindra Lifespace Developers Limited, the real estate and infrastructure development arm of the Mahindra Group, announces the launch of Mahindra Blossom, a premium residential development in Whitefield, Bengaluru, with a potential GDV of approx. ₹1,900 crore. Mahindra Blossom is poised to become one of the most distinguished addresses in the micro-market. This launch reinforces Mahindra Lifespaces’ continued focus on deepening its presence in Bengaluru, one of its core strategic markets. Mahindra Blossom will be the company’s third Net Zero residential development in the city.   Mahindra Blossom offers 2, 3, 3.5 & 4 BHK homes, bringing together modern design, openness, and lifestyle comfort. The development features 75% open-to-sky spaces, cross-ventilated layouts, Vaastu-compliant entries, expansive balconies, and homes designed to maximise light, air, and views. Select residences include walk-in wardrobes, and 20-feet long balconies, creating a seamless blend of elegance and functionality. True to Mahindra Lifespaces’ commitment to building Homes of Positive Energy, the project integrates sustainable planning and climate-responsive architecture while fostering meaningful community living.  Commenting on the launch, Mr. Vimalendra Singh, Chief Business Officer – Residential, Mahindra Lifespace Developers Ltd., said, “Bengaluru is a key market in our strategy to scale residential development across strong, end-user-driven cities. Mahindra Blossom reflects this focus by offering well-designed, sustainable homes in a premium location. Whitefield continues to show steady absorption supported by connectivity improvements and a deep employment base. Our previous launches in Bengaluru have validated the brand’s strength with tremendous customer response and we are confident that Mahindra Blossom will build on that momentum.”  Strategically located abutting the Hopefarm Channasandra metro station, Mahindra Blossom offers unmatched access to Bengaluru’s key IT & employment hubs. The development is surrounded by top schools, colleges, hospitals, entertainment hubs, and retail destinations within a 5 km radius, making it one of the most well-connected residential pockets in Whitefield.  The project offers 97,000 sq. ft. of amenities and clubhouse spaces, including Bougainvillea canopies, half-Olympic size swimming pool, two jogging tracks, two badminton courts, a dedicated pet park, and thoughtfully designed community spaces. High-street retail integrated within the development ensures daily conveniences are always within reach. Every element is designed to support active, holistic, and balanced living.  Mahindra Blossom is planned as a sustainable development, pre-certified for IGBC Green Homes and IGBC Net Zero Waste, reflecting Mahindra Lifespaces’ long-standing commitment to future-ready, environmentally responsible living. With its unique combination of strategic location, design excellence, expansive openness, and green certifications, the project embodies the company’s mission of transforming urban landscapes through sustainable communities. 

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 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 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 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.