Mahindra Lifespace Developers Ltd Share Price – NSE  / BSE

Construction, Small Cap

Mahindra Lifespace Developers will hold a meeting of the Board of Directors of the Company on 23 July 2026.

Mahindra Lifespace Developers?announced the acquisition of a 15-acre land parcel in Kandivali East, Mumbai. The project has an estimated Gross Development Value (GDV) of approximately Rs 5,600 crore with a development potential of around 1.8 million square feet.

Strategically located in Kandivali East, the open greenfield land parcel benefits from excellent connectivity to the Western Express Highway and existing metro corridors. The location is supported by established social infrastructure, including schools, hospitals, and retail hubs, and continues to witness strong residential absorption driven by end-user demand.

The facility will come up within the integrated industrial cluster developed by Mahindra Industrial Park Chennai (MIPCL), a joint venture between Mahindra World City Developers, the industrial parks and integrated cities business of Mahindra Lifespace Developers, and Japan's Sumitomo Corporation.

Spread across nearly 149,936 square metres, the proposed plant will be YKK India's third manufacturing facility in the country and is expected to be completed by February 2028.

The investment further strengthens Origins by Mahindra, Chennai's position as a preferred destination for global manufacturers. The industrial cluster already houses multinational companies including Mitsubishi Electric, Yanmar and Omron.

YKK India, a leading manufacturer of fastening products for the apparel, textile and industrial sectors, said the facility will incorporate advanced manufacturing technologies and cater to both domestic demand and export markets.

The company said the plant will leverage Origins by Mahindra's infrastructure, plug-and-play facilities, sustainability-focused ecosystem and connectivity advantages to support efficient operations and long-term growth.

Origins by Mahindra, Chennai is strategically located on NH16 and lies within the influence zones of the Chennai?Bengaluru Industrial Corridor (CBIC) and the Chennai?Visakhapatnam Industrial Corridor (CVIC). The industrial cluster offers strong connectivity to key industrial hubs, ports, and logistics infrastructure, enabling efficient operations for manufacturing-led businesses.

Vikram Goel, Chief Business Officer ? Industrial, Mahindra Lifespace Developers, said, ?We are delighted to welcome YKK India to Origins by Mahindra, Chennai. The addition of another globally respected manufacturer to our ecosystem reflects the growing confidence of international companies in India's manufacturing capabilities and long-term growth potential. As businesses diversify supply chains and expand manufacturing capabilities to serve both domestic and export markets, they are increasingly seeking destinations that can support scale, operational excellence and long-term growth. YKK India's investment further strengthens Origins by Mahindra's position as a preferred destination for global manufacturing investments and reinforces our commitment to enabling high-quality industrial growth in the country.?

Mahindra Lifespaces Developers, the real estate arm of the Mahindra Group, has a development footprint of 53.65 million sq. ft across seven cities and over 5,000 acres of industrial clusters. Its portfolio includes premium residences, affordable homes under the Happinest brand, and integrated cities under Mahindra World City and Origins.

The company's consolidated net profit increased 5.91% year-on-year to Rs 90.12 crore in the quarter ended March 2026. Revenue from operations rose to Rs 669.92 crore during the quarter from Rs 9.24 crore in the corresponding period last year.

The scrip declined 1.44% to Rs 344.85 on the BSE.

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Mahindra Lifespace Developers has received the following credit rating from India Ratings and Research:

Commercial paper (Rs 2,500 crore) - IND A1+
Proposed commercial paper (Rs 1,000 crore) - IND A1+