Mahindra Lifespaces reports its highest ever residential pre-sales of ₹ 2328 Crore and Industrial land leasing at ₹ 370 Crore for FY 2023-24

Mumbai, April 26, 2024: Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development business of the Mahindra Group, announced its financial results for the quarter ended 31st March 2024 today. In accordance with INDAS 115, Company recognises its revenues on completion of contract method.

Key highlights

Q4 FY24:

Mahindra Lifespaces launches Mahindra Zen Bengaluru’s 1st Net Zero Waste + Energy Homes

Bengaluru, March 22, 2024: Mahindra Lifespace Developers Ltd., the real estate and infrastructure development arm of the Mahindra Group, furthers its commitment to sustainable development with the launch of Bengaluru’s 1st Net Zero Waste + Energy residential project, Mahindra Zen. After the tremendous success of Mahindra Eden, which was India’s 1st Net Zero Energy residential development, this launch marks yet another milestone in Mahindra Lifespaces’ journey to build only Net Zero buildings from 2030 onwards.

Mahindra Lifespaces® acquires 9.4 acres land parcel in Whitefield, Bengaluru

The land holds ~1.2 million sq. ft. development potential

Bengaluru, March 12, 2024 – Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development arm of the Mahindra Group, announced the acquisition of 9.4 acres of land in Whitefield, Bengaluru. The land will have ~1.2 million square feet of FSI potential and a Gross Development Value of ₹ 1700 Crore, primarily comprising mid-premium residential apartments.

Mahindra Lifespaces enters Pune East, launches Mahindra Codename Crown in Kharadi Annex

Redefining Living with 506 Units of thoughtfully crafted homes

Pune, March 5, 2024: Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development arm of the Mahindra Group, announced the launch of Mahindra Codename Crown. This is a strategically located development built in the vibrant Kharadi Annex, four km from the World Trade Center. Situated on a lush 5.38-acre property, Mahindra Codename Crown offers a range of 2, 3 and 4 BHK homes, promising a premium living experience and received RERA on March 4, 2024.

Mahindra Lifespaces achieves over ₹800 Crore in sales in three days at Mahindra Vista, India’s first Net Zero Waste + Energy Homes

Mumbai, February 22, 2024: Mahindra Lifespace Developers Ltd., the real estate and infrastructure development arm of the Mahindra Group, today announced the successful sales of India's first Net Zero Waste + Energy residential project, Mahindra Vista, located in Kandivali East, Mumbai. Following its recent launch, the project has sold over ₹800 Crore worth of inventory within three days.

Mahindra Lifespaces launches second plotted project in FY-24

On the back of the stellar success of its first plotted development, Mahindra Lifespaces launches ‘Green Estates by Mahindra’, in Chennai

Mahindra Happinest’s affordable housing project is Kalyan’s fastest selling

80% inventory sold in 9 months despite Covid-19

Mumbai, August 26^th, 2020: Mahindra Happinest, the affordable offering from Mahindra Lifespace Developers Ltd., has sold 1000 apartments amounting to 80% of the total inventory in its project ‘Happinest Kalyan’. The project reached this significant milestone in only nine months since its launch, and notwithstanding four months of lockdown-induced slowdown.

Mahindra Lifespace's H1 Operating Income up 14% at Rs 78.53 crores

Mumbai: Mahindra Lifespace Developers Ltd. (MLDL), the real estate and infrastructure development arm of the Mahindra Group registered a 14% rise in its operating income at Rs 78.53 crores in H1 FY09 as against Rs 69.13 crores in H1 FY08.