Mahindra Lifespace Developers Ltd was incorporated in 1994 as the real estate and infrastructure development arm of the Mahindra Group. The company is engaged in the business of development of real estate, residential facilities, commercial complexes and through its subsidiary companies is involved in various infrastructure projects including the development of SEZs and Industrial Clusters. As part of the Mahindra Group, MLDL embodies the group's 'Rise' philosophy, focusing on sustainable urban development across India.
The company operates as a comprehensive real estate developer with a strong focus on sustainable and climate-responsive development. 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.
The company's development portfolio includes 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. Mahindra Lifespace Developers Limited operates through three strategic business verticals: Mahindra Residences delivers well-planned residential projects across major cities like Mumbai, Pune, Bengaluru, Chennai, and Hyderabad; Mahindra World City builds integrated business ecosystems in Chennai and Jaipur.
The company's geographical presence spans multiple major cities with a development footprint spanning 39.44 million sq. ft. (saleable area) of completed, ongoing and forthcoming residential projects across seven Indian cities; and a gross area of over 5000 acres of ongoing and forthcoming projects under development / management at its integrated developments / industrial clusters across four cities.
The company has a market cap of Rs 7,710 crore as of recent reports. The stock is trading at 4.07 times its book value. The promoter holding stands at 52.4%, with promoter holding having increased by 1.28% over the last quarter.
For Q4 FY25, the company reported net profit of Rs 85.1 crore, representing a 19.02% year-on-year growth, though revenue from operations dipped by 35.4% year-on-year to Rs 9.24 crore. For the full financial year FY25, the company's revenue from operations stood at Rs 463.9 crore, up by about 66.2 per cent, while its profit declined by 37.6 per cent to Rs 61.3 crore.
Key Financial Metrics for FY25:
- Revenue from Operations: Rs 372.27 crore for FY25
- Net Worth: Rs 1,896.10 crore as of March 31, 2025
- Net Debt-to-Equity Ratio: 0.39 in FY25
Pre-sales Performance:
The company's residential pre-sales for FY25 stood at Rs 2,804 crore, up 20.4 per cent year-on-year, amid launches of projects – Vista Ph2, IvyLush, Zen, and Green Estates. Across the year, the company added projects with a GDV of Rs 18,100 crore, four times more than the FY24 additions.
Recent Project Launches and Acquisitions:
The company has been actively expanding its portfolio through strategic acquisitions and new project launches. Mahindra Lifespace Developers Ltd has acquired 9 acres in Bengaluru for Rs 199 crore, aiming for a GDV of Rs 1,100 crore. Additionally, its joint venture, Ample Parks, launched a 71-acre industrial park in Chennai with an investment of Rs 800 crore.
The company has been appointed as the preferred developer for a ₹1,250 crore housing project in Mulund, Mumbai. Mahindra Lifespace Developers Limited has partnered with Livingstone Infra Private Limited for a cluster redevelopment project in Mahalaxmi, with a Gross Development Value (GDV) of ₹1650 Crore.
Rights Issue 2025:
The company recently concluded a rights issue of 5,82,20,901 equity shares at ₹257 per share aggregating up to ₹1,496.28 Crores. The rights issue got oversubscribed by 1.46 times by the end of the bidding period.
According to the company's MD & CEO, the IC&IC business had a strong year with marquee transactions, positioning the company well to achieve its stated target of Rs 8,000–10,000 crore sales in five years. The company announced plans to discontinue affordable housing by FY29, shifting focus to premium housing.
Mahindra Lifespace Developers is the only Indian company to receive a Double A rating by CDP for Climate Change and Water Security (2023), was conferred Global Sector Leader in Development Benchmark category by GRESB, and received the Green Champion Award by Indian Green Building Council. The company is the recipient of over 90 awards for its projects and ESG initiatives.
The company continues to strengthen its position in India's real estate sector through strategic expansion, sustainable development practices, and focus on premium residential and integrated city projects across major metropolitan areas.
