Mahindra Lifespace Targets Rs 8,000-10,000 Crore Sales by 2027-28
Mahindra Lifespace, the real estate and infrastructure development business of Mahindra Group, aims to achieve Rs 8,000-10,000 crore worth of sales in housing and industrial spaces by 2027-28.
Mahindra LifespaceReal EstateInfrastructure DevelopmentHousingIndustrial SpacesSales TargetReal Estate MumbaiJun 17, 2024
The company has been actively acquiring land and partnering with landlords for the development of residential properties. It has also entered into the redevelopment of housing societies in Mumbai. Mahindra Lifespace reported a marginal decline in consolidated net profit to Rs 97.89 crore on lower income, but achieved its highest ever pre-sales of Rs 2,328 crore in residential business during the last fiscal year.
Amit Sinha, Managing Director & CEO, Mahindra Lifespace Developers, said, \
Frequently Asked Questions
What is Mahindra Lifespace's sales target for 2027-28?
Mahindra Lifespace aims to achieve Rs 8,000-10,000 crore worth of sales in housing and industrial spaces by 2027-28.
What was Mahindra Lifespace's sales performance in the last fiscal?
Mahindra Lifespace sold residential properties and industrial space worth Rs 2,698 crore in the last fiscal.
What is Mahindra Lifespace's development footprint?
Mahindra Lifespace's development footprint spans 37.33 million square feet of completed, ongoing and forthcoming residential projects across seven Indian cities.
What is Mahindra Lifespace's industrial business performance?
Mahindra Lifespace achieved land leasing of 119.4 acres in the industrial business for Rs 370 crore.
When was Mahindra Lifespace established?
Mahindra Lifespace was established in 1994.
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