Mahindra Lifespace Sets ₹10,000 Crore FY27 Business Development Target, Ups Launch Guidance
Strong Pipeline Powers Doubled FY27 Launch Target
Mahindra Lifespace Developers has upped its launch guidance for FY27 to ₹10,000 crore GDV, from an earlier ₹5,000–7,000 crore, while retaining pre-sales guidance of ₹4,500–5,000 crore. The announcement follows FY26 results where Profit After Tax surged fivefold to ₹298 crore, propelled by residential pre-sales of ₹3,405 crore.
The expanded launch pipeline reflects strong business development momentum, with the company adding ₹18,060 crore GDV in FY26 in addition to ₹18,100 crore in FY25. For FY27, the company targets to add at least ₹10,000 crore GDV across MMR, Pune and Bangalore in the ratio 60/20/20.
Launch Pipeline Across Three Metro Markets
The company plans to launch Beacon Hill, Mahalaxmi (₹1,650 crore GDV) and Citadel phase 3 (₹970 crore) during Q1 FY27. Additionally, it targets to launch Mahalunge, Pune (₹3,500 crore), Navrat ph I&II, Bengaluru (₹2,100 crore) and Saibaba ph I, Borivali (ph I out of ₹1,800 crore GDV) during FY27.
Sustenance sales from already launched projects including Rainforest ph I (Mulund), Blossom (Bengaluru), Citadel ph II (Pune) and Marina64 are expected to contribute to FY27 pre-sales.
Strengthened Balance Sheet and Multi-Year Visibility
Total GDV currently stands at ₹45,180 crore providing multi-year pre-sales visibility. The company ended FY26 with a net debt-to-equity ratio of -0.27, indicating a healthy net cash position.
Based on strong business development over the trailing two years, the company reiterated its long-term guidance of achieving ₹10,000 crore pre-sales (₹9,500 crore residential, ₹500 crore IC&IC business) for FY30.
About Mahindra Lifespace Developers
Established in 1994, Mahindra Lifespace Developers 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 operates ~54 million square feet of residential projects across seven cities and 5,000+ acres of integrated cities and industrial clusters business.
The company eyes residential pre-sales of ~₹9,500 crore by FY30, at 28% CAGR over FY25–FY30. 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.