Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure arm of the Mahindra Group, has approved a Rs 1,500 crore rights issue to fund its expansion and debt reduction plans.
The company highlighted that India’s residential real estate market remains buoyant, driven by strong absorption and new launches. Mahindra Lifespaces is focusing on the premium and mid-premium segment across key markets such as Mumbai Metropolitan Region (MMR), Pune, and Bengaluru.
Key Highlights:
- Business Expansion: The company’s integrated cities and industrial clusters (IC & IC) division is poised to benefit from macroeconomic factors favoring India’s manufacturing growth.
- Financial Stability: Mahindra Lifespaces has aggressively scaled up its Gross Development Value (GDV) to over Rs 16,000 crore in FY25, compared to Rs 4,400 crore in FY24.
- Debt Management: The proceeds from the rights issue will be used to reduce debt and support future growth initiatives, while maintaining a healthy net debt-to-equity ratio of 0.5x as of December 2024.
Sustainability Commitment:
Mahindra Lifespaces remains committed to building Net Zero homes by 2030 and has already launched India’s first three Net Zero residential projects.
This strategic fundraise is expected to strengthen the company’s financial position and accelerate its growth in the real estate sector.
