Synopsis:
Mahindra Lifespace will redevelop two societies in Chembur, offering sustainable, modern homes with superior connectivity. The projects, worth Rs. 1,700 crores, enhance long-term value in a prime, well-connected Mumbai location.
During Wednesday’s trading session, shares of the real estate and infrastructure development arm of the Mahindra Group surged nearly 7 percent on BSE, after the company announced being chosen to redevelop two housing societies in Mumbai, with a combined development potential of nearly Rs. 1,700 crores.
At 10:45 a.m., the shares of Mahindra Lifespace Developers Limited were trading in the green at Rs. 383.5 on BSE, up by around 4 percent, as against its previous closing price of Rs. 369.35, with a market cap of Rs. 8,179 crores. The stock has delivered negative returns of nearly 22 percent in the last one year, but has gained by over 12 percent in the last one month.
What’s the News
According to the latest exchange filings, Mahindra Lifespace Developers Limited has been selected as the redevelopment partner for two society projects in Chembur, Mumbai, with a combined gross development potential of around Rs. 1,700 crores. The societies cover areas of around 2.6 acres and 1.8 acres, respectively.
The redevelopment aims to deliver well-planned homes, designed with a focus on sustainability, modern amenities, and connectivity. Located in the Diamond Garden area of Chembur, these projects will offer residents an elevated living experience while creating long-term value through thoughtful design and environmentally responsible practices.
The sites are just 1.5 km from the Eastern Freeway, providing direct access to Thane, Navi Mumbai, and other key parts of Mumbai. Connectivity will be further strengthened by the Diamond Garden Metro Station (Line 2), along with nearby Monorail and Railway links. Proximity to major business hubs like BKC and Powai makes the location highly accessible and well-positioned for the future.
Financials & more
Mahindra Lifespace reported a decline in its revenue from operations, showing a year-on-year decrease of around 83 percent from Rs. 188 crores in Q1 FY25 to Rs. 32 crores in Q1 FY26. In contrast, its net profit increased during the same period from Rs. 13 crores to Rs. 51 crores, representing a significant growth of around 292 percent YoY.
Mahindra Lifespace Developers Limited, one of the leading real estate development companies in India and the infrastructure development arm of Mahindra Group, is engaged in the business of developing residential projects as well as industrial developments, integrated cities and industrial clusters.
The company’s development footprint spans 49.26 million sq. ft. (saleable area) of completed, ongoing and forthcoming residential projects across seven Indian cities; and over 5,000 acres of ongoing and forthcoming projects under development/management at its integrated developments/industrial clusters across four locations.
Written by Shivani Singh
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
