Tag: Mahindra Group

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Mahindra Lifespaces to Revamp Matunga Residential Project

Representative AI image NEW DELHI: Mahindra Lifespace Developers (MLDL), part of the Mahindra Group’s real estate and infrastructure development sector, has been appointed as the development partner for a residential redevelopment project in Matunga, Mumbai. The project covers approximately 1.53 acres and boasts a gross development value of around ₹1,010 crore. According to its investor presentation, Mahindra Lifespaces plans to execute a bottom-up strategy that includes several new launches and ongoing projects through FY30. Projected new launches are expected to represent 50–75% of annual execution in the next five years, with an increase from ₹2,804 crore in FY25 to ₹9,500…

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Mahindra Logistics Secures 4.75 Lakh Sq Ft Warehouse in Kolkata

Mahindra Logistics Ltd, part of the Mahindra Group’s logistics and supply chain services, has secured over 4.75 lakh sq ft of warehousing space in Howrah district, near Kolkata, through a long-term lease. This transaction is one of the largest logistics leases in eastern India in recent years. The new lease agreement is for a warehouse in Subharara, Howrah, commencing on April 1, 2025, with a duration of 9 years and 9 months. The monthly rental cost for the space is Rs 97.72 lakh, equating to Rs 20.60 per sq ft. Additionally, a security deposit of Rs 2.93 crore is included,…

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Mahindra Lifespaces to Redevelop Four Mumbai Societies

NEW DELHI: Mahindra Lifespace Developers (MLDL), the real estate arm of the Mahindra Group, has been chosen as the preferred partner for redeveloping four residential societies in Malad (West), Mumbai. The project spans approximately 1.65 acres and has a development potential estimated at ₹800 crore. Vimalendra Singh, Chief Business Officer (Residential) at MLDL, stated, “This aligns with our strategy to strengthen our presence in established micromarkets, allowing us to leverage economies of scale and improve project efficiencies.” In a separate regulatory update, the company announced its acquisition of 13.46 acres of land in the prestigious Nande-Mahalunge region of Pune, expected…

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Mahindra Lifespaces to Redevelop Two Chembur Societies

NEW DELHI: Mahindra Lifespace Developers (MLDL), the real estate and infrastructure development branch of the Mahindra Group, is set to redevelop two housing societies in the Diamond Garden area of Chembur, Mumbai. According to Vimalendra Singh, Chief Business Officer (Residential) at the company, “Redevelopment continues to be vital in our growth journey. It allows us to deliver high-quality residential projects to areas with strong demand.” The two societies cover approximately 2.6 acres and 1.8 acres, with a combined gross development potential of around ₹1,700 crore. Published On Sep 17, 2025, at 09:16 AM IST Join 2M+ industry professionals! Subscribe to…

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Mahindra Lifespaces Q1 FY26 Net Profit at ₹51.26 Crore

NEW DELHI: Mahindra Lifespace Developers (MLDL), part of the Mahindra Group focused on real estate and infrastructure, reported a net consolidated profit after tax of ₹51.26 crore for the quarter ending June 30, 2025. This is a significant increase from the ₹12.74 crore profit recorded in the same quarter last year, according to a filing with the BSE. For Q1 FY26, the company’s net consolidated total income was ₹40.61 crore, reflecting an 80.25% drop from ₹206.70 crore compared to the previous year’s quarter. Amit Kumar Sinha, managing director & CEO, stated, “We started the year on a strong note, successfully…