Mahindra Lifespaces Targets Rs 10,000 Bn Sales by FY30

15 May 2025 CW Team

Mahindra Lifespace Developers aims to more than treble its sales to Rs 100 Bn by financial year twenty thirty, up from Rs 33 Bn in financial year twenty twenty-five. Backed by a strong land bank, robust pipeline, and rights issue of Rs 15 Bn, the company is focusing on growth in premium housing and industrial leasing.

The company’s gross development value (GDV) has grown from Rs 44 Bn in financial year twenty twenty-four to Rs 181 Bn in financial year twenty twenty-five, with the current pipeline at Rs 390 Bn. New launches are planned in Whitefield, Malad, Bhandup, Mahalaxmi and Pune.

Mahindra Lifespaces is gradually exiting affordable housing, citing weak demand. Projects in Kalyan, Palghar, Pune and Chennai will be completed but the company’s focus will shift to higher-value offerings.

In the integrated cities and industrial cluster (IC&IC) business, the company leased 85.1 acres worth Rs 4.2 Bn in financial year twenty twenty-five. With 1,634 acres still available, management expects Rs 60 Bn in revenue and Rs 15 Bn to Rs 20 Bn profit over the next eight to ten years.

The company is scaling within existing clusters like Mahindra World City in Chennai and Jaipur while maintaining profitability of around Rs 1.5 Bn annually from the IC&IC segment.

Source:Financial Express

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