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Mahindra Lifespaces looks to treble sales to ₹10K cr in 5 yrs
Financial Express Kochi
|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.
Bu hikaye Financial Express Kochi dergisinin May 12, 2025 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
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