Mahindra Lifespace Developers Limited — Updates, 13-05-2025: Press Release

Mahindra Lifespace Developers has announced a board meeting to approve a fresh Rs 1,500 Cr rights issue to reduce debt and fund growth. Focus remains on premium and mid-premium residential projects across Mumbai, Pune, and Bengaluru, with FY25 GDV expected at Rs 18,100 Cr, sharply up from Rs 4,400 Cr in FY24. Net debt-to-equity stays healthy at 0.39x. Its integrated industrial cluster business is well placed to tap into India’s expanding manufacturing sector.