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Mahindra Lifespaces looks to treble sales to ₹10K cr in 5 yrs
Financial Express Lucknow
|May 12, 2025
MAHINDRA LIFESPACE DEVELOPERS, the real estate development arm of Mahindra Group, is looking to more than treble its sales to ₹10,000 crore by FY30.
MAHINDRA LIFESPACE DEVELOPERS, the real estate development arm of Mahindra Group, is looking to more than treble its sales to ₹10,000 crore by FY30. In FY25, the company clocked sales of ₹3,300 crore.
"We have 70-80% of land bank for our growth plans. We are not desperate for land deals, but we have scaled up GDV (gross development value) quite a lot," managing director and CEO Amit Kumar Sinha told FE during an exclusive interaction.
GDV is the estimated revenue a property development project is expected to generate upon completion and sale or lease.
The company has grown its annual GDV from ₹4,400 crore in FY24 to ₹18,100 crore in FY25 and ₹39,000 crore currently, which includes unlaunched GDV in Thane, Mulund and Jaipur, according to Sinha.
Esta historia es de la edición May 12, 2025 de Financial Express Lucknow.
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