This Mahindra Group stock engaged in the real estate and infrastructure development sector, focusing on residential communities and integrated business ecosystems across India, jumped 4 percent after the Rs. 1,650 crore redevelopment partnership with Livingstone Infra in Mahalaxmi, Mumbai.
Stock Price Movement:
With a market capitalization of Rs. 5,447.46 crores, the share of Mahindra Lifespace Developers Limited has reached an intraday high of Rs. 361.95 per equity share, rising nearly around 4.08 percent from its previous day’s close price of Rs. 347.75. Since then, the stock has retreated and is currently trading at Rs. 351.25 per equity share.
What Happened:
On February 19, 2025, Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure arm of the Mahindra Group, partnered with Livingstone Infra Private Limited for a Rs. 1,650 crore cluster redevelopment project in Mahalaxmi, Mumbai.
This prime location in South Mumbai offers excellent connectivity to major business hubs, essential services, and leisure destinations. The project aims to transform the area with modern infrastructure, enhancing the urban landscape and providing premium residential and commercial spaces.
Key Acquisitions:
Mahindra Lifespace Developers Limited expanded its portfolio with key acquisitions totaling a Gross Development Value (GDV) of Rs. 15,000 crore across four major locations in India during the fiscal year. In July 2024, the company acquired 3.7 acres in Borivali West, Mumbai, marking its third redevelopment project in the city, with a GDV of Rs. 1,800 crore.
The company also secured 2.4 acres in Electronic City, Bengaluru, near the Mahindra Zen project, with a GDV of Rs. 250 crore. The largest acquisition was 36.9 acres in Bhandup, Mumbai, valued at Rs. 12,000 crore, planned for phased development. Additionally, in January 2025, Mahindra Lifespace acquired 8.2 acres near Bengaluru Airport, close to IT hubs, with a GDV of Rs. 1,000 crore, further strengthening its presence in key markets.
Client base:
Mahindra Lifespace Developers Limited has a strong client base across India, featuring prominent companies in its developments. MWC Chennai houses 90 clients, including Infosys, BMW, and Capgemini. MWC Jaipur serves 149 clients, such as JCB and Deutsche Bank. Origins Chennai hosts 15 clients, including Yanmar and Nissei, while Origins Ahmedabad is currently under development.
Recent quarter results:
Mahindra Lifespace Developers Limited’s revenue has increased from Rs. 82 crore in Q3 FY24 to Rs. 167 crore in Q3 FY25, which has grown by 249.33 percent. The company’s net profit has turned negative, from Rs. 50 crore in Q3 FY24 to Rs. -22 crore in Q3 FY25.
Written By – Nikhil Naik
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