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

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 Industrial Park and Sumitomo Corporation Sign Strategic Cooperation Agreement with Osaka Government to Support Japanese Businesses Entering India

Chennai India, July 18th, 2025: In a significant step towards strengthening India–Japan industrial collaboration, Mahindra Industrial Park Chennai Limited (MIPCL), the developer and operator of Origins by Mahindra, together with its 40% stakeholder and marketing arm in Japan, Sumitomo Corporation, has signed a strategic cooperation agreement with Osaka Prefecture, and the Osaka Industrial Development Bureau (a public interest incorporated foundation to support Japanese companies based in Osaka in expanding their footprint in India. This milestone partnership reinforces Mahindra’s commitment to facilitating high-quality global investment into India’s manufacturing sector and positions Tamil Nadu as a preferred destination for Japanese industry. Through this agreement, MIPCL and Sumitomo Corporation will work in close coordination with public institutions to serve as a local facilitator for Osaka-based companies exploring opportunities in India. As part of the collaboration, MIPCL and Sumitomo Corporation will support business visits, provide on-ground consultation, and participate in knowledge-sharing seminars hosted in Osaka. The Osaka authorities, in turn, will identify and recommend companies interested in expanding into India, with necessary permissions, ensuring a streamlined entry process for Japanese manufacturers. India, with its projected GDP growth of 6.3% in FY2025 as forecast by the World Bank, remains a powerful draw for international business. As a rising leader in the Global South, India is increasingly seen as a long-term partner for global supply chains. Chennai, particularly, has become a hub of industrial activity due to its strong port connectivity, ease of access to Southeast Asia, and growing presence of automotive, electronics, and semiconductor companies. Origins by Mahindra, Chennai already is home to six clients from Japan and offers world-class infrastructure, and stable policy environment. The collaboration in Chennai will further strengthen these efforts by enabling tailored support for businesses evaluating the Indian market. MIPCL, backed by Mahindra Lifespaces’ deep knowledge of Indian industry, will play a key role in helping Japanese firms navigate regulatory frameworks, secure land and utilities, and scale up operations with confidence. Mr. Amit Kumar Sinha, Managing Director & CEO, Mahindra Lifespace Developers Ltd., said, "This partnership reflects our vision to build future-ready ecosystems that align with India’s manufacturing ambitions. This also underscores our focus on setting new benchmarks through successful Public-Private Partnerships (PPPs), enabling long-term, sustainable industrial progress. The expansion strengthens India’s industrial ecosystem and supports economic growth.” Mr. Vikram Goel, Chief Business Officer (Industrial), Mahindra Lifespace Developers Ltd., said “This engagement with Osaka Prefecture marks a milestone in our efforts to enable global investments into India through our industrial ecosystems. Origins by Mahindra, Chennai has been developed to meet the needs of international manufacturers, offering operational readiness, regulatory support, and integrated infrastructure. Through this collaboration, we are well-positioned to support specific requirements of diverse companies, while also deepening the socio-economic impact of our industrial cluster in Tamil Nadu.” The agreement underlines the spirit of cooperation and mutual interest shared by all parties. By aligning strategic intent with operational expertise, this partnership marks a new chapter in Mahindra’s efforts to attract and enable world-class manufacturing in India.