Mahindra Lifespace Developers has announced the launch of its new residential project, Mahindra NewHaven, in South Bengaluru. The launch, registered with the Karnataka Real Estate Regulatory Authority, was officially announced on 17 April 2025.

Positioned under the residential segment, Mahindra NewHaven aims to cater to both domestic and international home buyers seeking quality living in a fast-developing urban corridor.

Following the announcement, Mahindra Lifespace shares rose 2.86 per cent to Rs 293.40. The launch is expected to strengthen the company’s residential portfolio, especially in the Bengaluru market, which has seen rising demand for premium housing options.

Mahindra Lifespace operates nationwide through two key verticals: residential projects under the Mahindra Lifespaces and Mahindra Happinest brands, and integrated cities and industrial clusters under the Mahindra World City and Origins by Mahindra brands. Despite reporting a consolidated net loss of Rs 224.9 million in Q3 FY 2024–25, the firm saw a 104 per cent year-on-year rise in net sales to Rs 1.67 Bn, reflecting robust growth momentum in its core operations.

Source: Capital Market News

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