Mahindra Lifespace Receives NSE ESG Score of 68
Mahindra Lifespace Receives NSE ESG Score of 68
Mahindra Lifespace Developers Limited has been assigned an Environmental, Social, and Governance (ESG) Score of 68 by NSE Sustainability Ratings & Analytics Limited (NSE Ratings), with the company officially receiving this information on February 19, 2026. The rating provider is a SEBI registered entity, and the company has made the disclosure and the corresponding rating link publicly available on its official website.
What the Rating Measures
NSE Sustainability focuses on assessing Environmental, Social, and Governance (ESG) performance, providing stakeholders with vital information to make informed decisions. As a wholly owned subsidiary of NSE Indices Limited, NSE Sustainability's assessment involves conducting thorough evaluation of corporate sustainability practices, policies and disclosures across relevant sectors and industries.
Mahindra Lifespace's Sustainability Framework
Established in 1994, Mahindra Lifespace Developers Ltd. 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 developer has articulated measurable environmental commitments. Mahindra Lifespaces is the only company in the real estate sector in India to get Science Based Targets approved by SBTi in 2019, with Scope 1 and 2 targets aligned to 1.5 degree pathway. The company is committed to a 100% green portfolio since 2013, with all projects certified as IGBC gold and above or GRIHA 3 star and above.
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+ Waste.
Third-Party Recognition
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.
Prior to the NSE rating, SES ESG Research independently assigned Mahindra Lifespace an ESG rating of 72 based on FY 2024-25 public data.
Portfolio Scale
The company's development footprint spans 38.49 million square feet of completed, ongoing and forthcoming residential projects across seven Indian cities and over 5000 acres of ongoing and forthcoming projects under development at its integrated developments and industrial clusters across four locations, comprising 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.