Mahindra Lifespace Completes Full Acquisition of Mahindra Homes

Mahindra Lifespaces Takes Full Control of Mahindra Homes

Mahindra Lifespace Developers Limited has acquired the entire 25.65% stake held by Actis Mahi Holdings Singapore in Mahindra Homes Private Limited for a cash consideration of up to ₹90 crore. The acquisition makes Mahindra Homes a wholly owned subsidiary of Mahindra Lifespace.

Transaction Timeline and Approvals

The transaction was proposed on September 18, 2025. Mahindra Lifespaces Developers received shareholder approval through a postal ballot, with the resolution passing with 99.44% votes in favor. The total votes polled represented 29.22% of the company's outstanding shares. The company has executed a Share Purchase Agreement to acquire the entire stake held by Actis Mahi Holdings.

About Mahindra Homes

Mahindra Homes Private Limited, incorporated in 2010, is engaged in residential real estate development, having completed its Windchimes project in Bengaluru and currently developing the final phase of Luminare—Phase 3 in Gurugram. Prior to the acquisition, Mahindra Lifespace Developers held 74.35% in Mahindra Homes, while Actis owned the remaining 25.65%.

Over the last three years, Mahindra Homes reported revenues of nil in FY25, ₹6.56 crore in FY24, and ₹8.81 crore in FY23.

Strategic Context and Developer Background

Mahindra Lifespace Developers, established in 1994, brings the Mahindra Group's philosophy of 'Rise' to India's real estate and infrastructure industry through thriving residential communities and enabling business ecosystems. The company's development footprint spans 53.65 million square feet of completed, ongoing and forthcoming residential projects across seven Indian cities, with over 5,000 acres of ongoing and forthcoming projects under development and management at its integrated developments and industrial clusters across four locations.

Mahindra Lifespaces' development portfolio comprises premium residential projects, value homes under the Mahindra Happinest brand, and integrated cities and industrial clusters under the Mahindra World City and Origins by Mahindra brands. 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.

Related Party Transaction Details

The company clarified that the proposed acquisition qualifies as a related-party transaction but will be carried out at arm's length terms. The acquisition is estimated to be completed within three months from the date of execution of the Share Purchase Agreement, subject to requisite approvals and fulfillment of mutually agreed terms and conditions.