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Motilal Oswal Report
Mahindra Lifespace Developers Ltd., a part of Mahindra group, is one of the leading residential developers with a strong presence in Mumbai and Pune. It is gradually expanding its footprint in Bengaluru.
Mahindra Lifespace also operates the integrated city and industrial cluster segment in which it monetises the land bank by providing plug and play industrial infrastructure for manufacturing units.
Despite being in business for close to three decades, Mahindra Lifespace’s lack of aggression has led to a stagnant pre-sales of Rs 7-8 billion over the last seven years and has lagged its peers in terms of growth.
However, given the industry tailwinds and shift towards branded developers, Mahindra group is now gearing up to unlock the growth potential in its real estate vertical and has also undergone some key senior management changes.
Management aims to grow its pre-sales by 2.5 times to Rs 25 billion in the next three years (FY25E) by scaling up launches and project additions.
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