29 RISE TO CREATE VALUE | Group Strategic Overview Growth Gems are businesses within the Group with a strong potential to grow and scale. These twelve businesses have a strong right to win in their sectors and deeply align with India’s growth story. They are scaling up to create significant value and propel the Group’s growth for decades to come. Mahindra Lifespaces Mahindra Lifespaces (Mahindra Lifespace Developers Limited or MLDL) continues to build scale in the mid-premium and premium residential markets while reinforcing its commitment to integrate sustainability into every aspect of its projects. With a focused presence across three core markets and a strong Integrated Cities and Industrial Clusters (IC&IC) platform, MLDL has made significant progress on its growth roadmap. Cumulative GDV addition has surpassed ₹45,000 crore, strengthening the foundation for long-term growth. As a pioneer in Net Zero homes in India, MLDL has achieved multiple green and Net Zero certifications across its portfolio. MLDL aspires to rank among the Top 5 players across its priority markets and has set out a vision to reach ₹10,000 crore of sales by FY30. Growth Vectors • Focused Portfolio and Robust Business Development Engine Well-engineered portfolio choices centred on three core markets and mid to premium offerings, supported by a robust deal evaluation engine. The business continues to secure high-quality projects, achieve timely approvals and operate within strict financial guardrails. • Best-in-class Customer Experience MLDL is striving towards on-time delivery and improved quality outcomes driven by a first-time right approach. An elevated customer experience is also central to this, enabled through customer centric innovations, superior designs and sustainability features. • IC&IC Momentum The IC&IC business continues to perform well across locations, monetising existing assets and contributing to steady, capital efficient growth. • Financial Discipline and Future Readiness MLDL continues its focus on capital efficiency with prudent allocation and rigorous IRR tracking. Key Highlights • MLDL partnered with Mitsui Fudosan Group, Japan’s largest residential developer. The development of Mahindra Blossom, a premium residential project located in Whitefield, Bengaluru, marks the first project under this strategic partnership. • MLDL continues its focus on capital efficiency with a strengthened balance sheet. The net debt-to-equity ratio stood at -0.27 (cash surplus) as of 31st March 2026. • The business is deploying AI and computer vision to raise quality assurance. Camera-based defect detection piloted across the Mahindra Luminaire and Mahindra Alcove projects has led to improved handover readiness. FY26 Achievements 18,060 crore Gross Development Value additions, including Thane 4,118 crore Consolidated Sales (Residential and IC&IC), up 25% 840 crore Operating cash flow, as against ₹832 crore in FY25 Scale Up Growth Gems
RkJQdWJsaXNoZXIy NTE5NzY=