MAHINDRA LIFESPACES BORIVALI REDEVELOPMENT

Established in 1994, Mahindra Lifespace Developers Ltd. is the real estate and infrastructure development business of the USD 19.4 billion Mahindra Group, and a pioneer of sustainable urbanisation in India. The company is headquartered in Mumbai and listed on both the BSE and NSE, with Mahindra & Mahindra Limited as its promoter and majority shareholder. Its development footprint spans 32.14 million sq. ft. of completed, ongoing and forthcoming residential projects across seven Indian cities, alongside over 5000 acres of ongoing and forthcoming projects under development or management at its integrated developments and industrial clusters across four locations. The Mahindra Group's Rise philosophy anchors how the company approaches design, construction and community building.

Sustainability is not a peripheral programme at Mahindra Lifespaces — it is the operating premise. With a 100% Green portfolio since 2014, the company is working towards carbon neutrality by 2040 and actively supports research on green buildings tailored to climatic conditions in India. It was the first real estate company in India to have committed to the global Science Based Targets initiative, and every Mahindra Lifespaces project is certified environment friendly. As a pioneer in Net Zero homes in India, Mahindra Lifespaces is committed to building only Net Zero homes from 2030 onwards, and has already launched India's first three Net Zero residential developments: one Net Zero Energy and two Net Zero Energy plus Waste.

The portfolio is structured across four distinct brands serving different segments. Premium residential projects sit under the Mahindra Lifespaces banner; value homes under the Mahindra Happinest brand; and integrated cities and industrial clusters under the Mahindra World City and Origins by Mahindra brands respectively. Residential communities have been delivered across Mumbai, Pune, Nagpur, Ahmedabad, Delhi NCR, Jaipur, Hyderabad, Chennai and Bengaluru, ranging from Mahindra Luminare in Gurgaon to Mahindra Eden, Mahindra Zen and Mahindra Blossom in Bengaluru. Through its subsidiaries, Mahindra Lifespaces also promoted corporate India's first operational Special Economic Zone and India's first integrated Business City in a public-private partnership model, Mahindra World City, New Chennai.

Ownership at Mahindra Lifespaces is defined by listed-company discipline and long-horizon stewardship. In December 2025 the company was recognised as a Global and Regional Sector Leader by GRESB under the Development Benchmark category, achieving a 5-star rating with a score of 100/100 and ranking 4th amongst listed entities, 7th in Asia, and 4th among Indian peers in the residential development benchmark. Mahindra Lifespaces is the recipient of over 90 awards for its projects and ESG initiatives. Beyond accolades, the company invests in research through the Mahindra-TERI Centre of Excellence and remains a founding member of the Sustainable Housing Leadership Consortium, signalling that its commitments outlast any single project cycle.