Mahindra Lifespaces® to acquire land in Kandivali from M&M

Mumbai, 10^th February, 2022 – Mahindra Lifespace Developers Ltd. today announced that it will purchase approximately 9.24 acres of land in Kandivali from Mahindra & Mahindra Ltd. for real estate development. This new project is Mahindra Lifespaces’ second residential development in Kandivali after its successful ‘Mahindra Roots’ project and will offer approximately 1 million sq. ft. of carpet area. The project is expected to be launched in FY 2023.

Mahindra Lifespaces® achieves consolidated profit of Rs. 25 crore in Q3 FY22

Residential pre-sales and industrial leasing of Rs. 390 crore

Mumbai, February 04, 2022 – Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development business of the Mahindra Group, announced its financial results for the quarter ended 31^st Dec 2021 today.

In accordance with IND AS 115, Company recognizes its revenues on completion of contract method.

Mahindra Lifespaces® announces its new brand promise of ‘Crafting Life’

- Launches a campaign based on an industry-first approach towards real estate as a product category

- ‘Crafting Life’ – https://youtu.be/m720ukGZmE8

Mahindra Group leads the way on Sustainability

Three Mahindra Group companies recognized in the Leadership Band of CDP sustainability disclosures

Launch guidebooks and toolkits to drive wider adoption of resource-efficient practices in India’s real estate and construction industry

Mumbai/Delhi, November 22nd, 2021: Mahindra Lifespaces® (MLDL), the real estate and infrastructure development arm of the Mahindra Group, and The Energy and Resources Institute (TERI) today published key findings from five years of research on resource-efficient buildings, materials and technologies tailored to Indian climates and conditions.

Mahindra Lifespaces® announces Joint Development in Mumbai

Mumbai, October 27, 2021: Mahindra Lifespace Developers Ltd., the real estate arm of Mahindra Group, has finalised terms for a joint development on a 4.8-acre land parcel in Dahisar East. Strategically located on the Western Express Highway, this is Mahindra Lifespaces’ first project in Dahisar and will offer approximately 5 lakh sq. ft. of carpet area.

Mahindra Lifespaces® achieves residential sales of Rs. 303 crore during Q2 FY2022

Mumbai, October 26, 2021 – Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development business of the Mahindra Group, announced its financial results for the quarter ended 30^th Sep 2021 today.

In accordance with IND AS 115, Company recognizes its revenues on completion of contract method.

FINANCIAL HIGHLIGHTS FOR Q2 FY22:

Mahindra Lifespaces® targets senior living

Mumbai, October 1, 2021: Mahindra Lifespace Developers Ltd., the real estate arm of Mahindra Group, has transferred 15.64 acres of residential land on perpetual lease to Ashiana Housing Ltd., a leading developer of homes for senior living in India. With the proposed development, Mahindra World City (MWC), Chennai, which is already home to more than 2500 families across multi-format residences, will offer a wider array of residential options ranging from value homes to the mid – premium segment, and now senior living.

Mahindra Lifespaces® appoints Jitesh Donga as Chief of Design

Mumbai, September 16^th, 2021: Mahindra Lifespace Developers Ltd., the real estate and infrastructure development arm of Mahindra Group, today announced that it has appointed Jitesh Donga as Chief of Design. Jitesh will lead Design conceptualisation and execution for Mahindra Lifespaces’ projects across India, comprising residential developments, integrated cities and industrial parks.

Mahindra-TERI Centre of Excellence launches Gurugram Water Sustainability Assessment Report

Gurugram, 28 July, 2021: The Mahindra-TERI Centre of Excellence (CoE), a joint research initiative of Mahindra Lifespaces® and The Energy and Resources Institute (TERI), has launched a report highlighting the potential water challenges in Gurugram.