Slides
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Q3FY26Investor Presentation Artistic ImpressionPRM/KA/RERA/1251/446/PR/171225/008348 Blossom, Bengaluru
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1 This presentation and the accompanying slides ("Presentation") have been prepared by “Mahindra Lifespace Developers Limited” ("Company"), solely for the purpose of information and do not constitute any offer, recommendation or invitation to purchase or subscribe to any securities and shall not form the basis or be relied upon in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document. The Company makes no representation or warranty, express or implied, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of such information or opinions contained herein. All terms, conditions, warranties and representations in any of the foregoing respects which might otherwise be implied are hereby excluded. The information contained in this Presentation is only current as of its date. This Presentation may not be all inclusive and may not contain all the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Certain matters discussed in this Presentation may contain statements regarding the Company's market opportunity and business prospects that are individually and collectively “forward-looking statements” within the meaning of applicable laws and regulations. Such forward-looking statements are not guaranteeing the future performance of the Company and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. The risks and uncertainties relating to such statements include, but are not limited to, change in industry structure, significant changes in political and economic environment in India and overseas, tax laws, import duties, litigation and labour relations, the Company’s ability to manage growth, competition, time and cost overruns on contracts. The Company's actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third-party statements and projections. The Company may alter, modify or otherwise change in any manner the content of this Presentation, without obligation to notify any person of such revision or changes. This Presentation cannot be copied and disseminated in any manner. No person is authorized to give any information or to make any representation not contained in and not consistent with this Presentation and, if given or made, such information or representation must not be relied upon as having been authorized by or on behalf of the Company. The Company uses carpet areas as per RERA in its customer communication. However, the data in saleable area terms has been referred in this Presentation, to enable continuity of information to investors and shall not be construed to be of any relevance to home buyers / customers. The information given in this Presentation does not purport or tantamount to any disclosure under RERA and should not be construed to be or constitute advertisements, solicitations, marketing, offer for sale, invitation to offer, invitation to acquire including within the purview of RERA. The operating numbers mentioned in the Presentation are for the Company and its subsidiaries / joint ventures / associates engaged in the real estate business (mainly MLDL, MHPL, MBDL, MHDL, MWCDL, MWCJL, MIPCL & MIPPL). Disclaimer
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MLDL Strategic Update Artistic Impression Eden, Bengaluru RERA: PRM/KA/RERA/1251/310/PR/060822/005141
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3 Bold ambition Project execution excellence “First time right” approach to quality On-time delivery Standardization in design and specs 2 Robust BD engine Robust financial discipline Rigorous IRR tracking Prudent capital allocation Strategic funding to support growth Systematic BD process, supersized deals Strong approvals engine Strict adherence to financial guardrails 5 1 Superior customer experience Superior designs (highest PSI) Sustainability-led themes Customer centric innovation (usable space, large decks) 43 Drive profitable growth to 8K - 10K Cr sales (GDV addition of 47K Cr) IC&IC value maximization PLI, local manufacturing and China+1 themes Monetization of IC&IC assets Selective EN (Existing location, New land) investments 6 Well-engineered portfolio choices Depth in 3 core markets (MMR, Pune, Bengaluru) Focus on Premium / mid-premium segments Exit affordable segment Future proof Mlife High quality talent model High performance culture New technologies We are executing on a well-defined strategy
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4 Key highlights Resi pre-sales Execution (GDV, project & other updates) IC & IC Financials • Q3 Resi pre-sales: 572 Cr; 9M Resi pre-sales: 1773 Cr • Successful launches in 9M: NewHaven, Marina64, Citadel T-L, Lakewoods H&I • Sustenance sales contributed ~60% of 9M sales (Vista, IvyLush, Citadel and Green Estates) • Successful launch of Mahindra Blossom in Hopefarm, Bengaluru • Q4 launches: Mahalaxmi and Bhandup (good progress on approvals). • Sustained BD momentum (9M GDV additions: 10.6K Cr; Total GDV: ~46.8K Cr) • Good progress on EC and OCs • Tier 1 / 1.5 vendors onboarded for critical projects • Continued employee engagement. • Strong leasing activity in Jaipur and Chennai • Healthy realization in 9M • Origins 2A approvals received in Dec’25 • Working on bringing other locations to market (OA). • 9M Consolidated Resi / IC Sales of 2125 Cr • Strong PAT delivery with 9M PAT of 208 Cr (vs. -24 Cr in 9M FY25) • Strong Resi collections in 9M (1472 Cr, 8% YoY growth) • Healthy balance sheet with net / debt equity of -0.12 (cost of debt: 6.7%).
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5 Lokhandwala 2, Mumbai Mulund, Mumbai Navrat 2, Bengaluru Chembur, Mumbai Mahalunge, Pune Navy 2, Mumbai Matunga, Mumbai Acres 2.22 3.08 8.79 4.40 13.46 1.65 1.54 Cluster redevelopment Society redevelopment Outright acquisition (shares) Society redevelopment Outright Society redevelopment Cluster Redevelopment Definitive documents Apr’25 Jun’25 Jun’25 Sep’25 Oct’25 Oct’25 Nov’25 GDV (Rs Cr) 1150 1250 1100 1700 3500 800 1010 Project Highlights • Added 2 more societies Adjacent to existing Lokhandwala 1 location under cluster development. • Centrally located in premium Lokhandwala market, within 15 minutes from upcoming Versova-Bandra Sealink. • 20 minutes from our Bhandup site (~3km) • Premium location with great connectivity to Powai, Thane and BKC. • With Navrat 1 (acquired in Jan’25), provides contiguous development potential on ~17 acres in North Bengaluru near airport • Strategically located with proximity to International airport, IT hubs, commercial offices. • Two society redevelopments located close to Diamond Garden area • Excellent connectivity to key parts of Mumbai (site close to Eastern Freeway). • Location between Baner/Balewadi & Hinjewadi— two major IT and BFSI hubs • Surrounded by well-developed social infrastructure (including top educational institutes). • 4 societies strategically located adjacent to our existing project, Marina64 • Malad is a thriving locality. Project is less than a km from the Malad West Metro Station and Infinity mall. • Prestigious society in Lokmanya Tilak nagar, Matunga • Premium location with great connectivity to Eastern Express Highway. 9M FY26 GDV additions of 10.6K Cr
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6 3,960 2,600 Pipeline Projects to be launched (C) Future Phases of Current Projects (B) Current Inventory as of 31st Dec’25 (A) Total GDV Potential (A+B+C) Pre FY24 (550 Cr) • Santacruz West, Mumbai (550) FY24-- (250 Cr) • Whitefield, Bengaluru (250) FY25++ (34,850 Cr) • SaiBaba (Borivali), Mumbai (1800) • Bhandup, Mumbai (12400) • Navrat 1 + 2, Bengaluru (2100) • Lokhandwala 1+2, Mumbai (2200) • Mahalaxmi, Mumbai (1650) • Mulund, Mumbai (1250) • Chembur, Mumbai (1700) • Mahalunge, Pune (3500) • Navy 2, Mumbai (800) • Thane (7500) • Matunga(1010) • Citadel Ph 3 (970) • Citadel Commercial (510) • Marina 64 (830) • Lakewoods (120) • Others (170) Other key projects (Rs 3,500 Cr) • Jaipur Residential (2000) • Murud (1500) • Blossom • Vista Ph1 & Ph2 • IvyLush Ph 1 & Ph 2 • Citadel • NewHaven • Green Estates • Nestalgia • Tathawade • Others ~46,770 Rs Cr ~40,210 Our cumulative GDV now gives us multi-year visibility on the growth plan Blue text indicates projects since 1st Oct’25
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7 Q4 Q3 Q2 Q1 146 602 345 1019 449 114 303 399 455 397 752 196 251 450 443 334 572 346 328 361 1086 1055 39 FY21 FY22 FY23 695 1028 1812 Rs Cr Key Launches NewHaven, Bengaluru (Q1 FY26) Citadel (T-L), Pune (Q1 FY26) Marina64, Mumbai (Q2 FY26) Lakewoods H&I, Chennai (Q2 FY26) Blossom, Bengaluru (Q3 FY26) BeaconHill, Mumbai (Q4 FY26) M37Bhandup , Mumbai (Q4 FY26) Citadel Ph3, Pune (Q4 FY26 / Q1 FY27) P13Mahalunge Ph1, Pune (Q4 FY26 / Q1 FY27) FY24 2328 FY25 2804 FY26 FY26 launch plan 1773 Pre-sales
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8 Major contributors FY25 FY26 FY27 FY28 FY29 FY30 New Launches • Ivy Lush • Vista Ph2 • Zen • Green Estates • Tathawade (T-A) • NewHaven • Marina64 • Blossom Ph1 • Mahalaxmi • Bhandup Ph1.1 • Bhandup Ph 1.2 • Blossom Ph2 • Lokhandwala 1 • SaiBaba Ph1 • Navrat 1+2 • Thane Ph1.1 • Lokhandwala 2 • SaiBaba Ph2 • New project 1 (Mulund) • New project 2 (Mahalunge) • Bhandup Ph2 • Thane Ph1.2 • New project 3 (Chembur) • New project 4 (Navy 2) • Thane Ph2 • Bhandup Ph3 • New project 5 (Matunga) • New Project 6 Sustenance • Vista Ph1 • Citadel Ph2 • Tathawade • Nestalgia • Alcove • Vista Ph2 • IvyLush • Tathawade • Nestalgia • Citadel • Bhandup Ph 1.1 • Blossom Ph 1 • Mahalaxmi • Marina64 • Citadel • Bhandup Ph 1.2 • Navrat 1 + 2 • Citadel • Blossom Ph2 • Santacruz • Thane Ph1.1 • Bhandup Ph1 • Lokhandwala 1 • New project 1 (Mulund) • New project 2 (Mahalunge) • Thane Ph1.1 & 1.2 • Bhandup Ph1 & 2 • Lokhandwala 2 • SaiBaba Ph2 • New project 3 (Chembur) 65% 50% 41% 35% 33% 25% 35% 50% 59% 65% 67% 75% FY25 FY26 FY27 FY28 FY29 FY30 Sustenance New Launches Rs Cr High visibility in our pre-sales plan 2,804 9,500 ✓ ✓ ✓ ✓ ✓ ✓ ✓
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9 Q4 Q3 Q2 Q1 33 37 144 39 103 120 55 97 134 60 111 99 58 161 85 248 70 134 90 94 227 123 211 236 389 590 470 495 352 FY21 FY22 FY23 FY24 8 MOUs / LOIs signed. Strong pipeline heading in the rest of the year Rs Cr FY25 Deals Revenues (Rs Cr) Existing DTA customer 1 7.4 Existing DTA customer 2 41.7 New DTA customer 1 30.2 New DTA customer 2 20.0 New DTA customer 3 7.4 O&M and Other income 27.0 Q3 FY26 Total 133.7 FY26 IC&IC business continues to see good momentum
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10 IC&IC Locations Gross area (acres) (A) Net Leasable area (acres) (B) Net Leased area (acres) (C) Available for lease net (acres) (D = B-C) MWC Jaipur 2,946 1,917 1,160 757 MWC Chennai 1,594 1,216 1,145 71 Origins Chennai 1 307 229 161 68 Origins Chennai 2A & 2B 240 163 0 163 Origins Ahmedabad 338 243 0 243 Origins Pune* 312 218 0 218 Total 5,737 3,986 2,466 1,520 Expected revenues of 5,000 - 6,000 Cr and PAT of ~1,500 Cr (MLDL share) *Origins Pune is forthcoming with gross planned area of ~500 acres; currently in land acquisition stage. We are systematically unlocking value in our IC&IC business
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11 Note: 1. Net Debt to Equity Ratio includes debt and cash & cash equivalents of all entities on a fully consolidated basis. Q3 FY26: 572 Cr 9M FY26: 1773 Cr (Q3 FY25: 334 Cr 9M FY25: 1749 Cr) Resi Collections Q3 FY26: 386 Cr 9M FY26: 1472 Cr (Q3 FY25: 366 Cr 9M FY25: 1365 Cr) Net Debt to Equity1 Q3 FY26: -0.12 (Q3 FY25: 0.50) GDV Q3 FY26: 1010 Cr 9M FY26: 10560 Cr (Q3 FY25: 12400 Cr 9M FY25: 14050 Cr) Cost of Debt Q3 FY26: 6.7% (Q3 FY25: 8.9%) IC&IC Revenues Q3 FY26: 134 Cr 9M FY26: 352 Cr (Q3 FY25: 70 Cr 9M FY25: 284 Cr) Sales Residential Financial – Highlights Rs Cr
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12 Note: Above details are provided for better understanding of the performance of Residential & IC&IC business of the Company and are not prepared in accordance with any Accounting Standards. The financial figures are not prepared or reviewed by independent auditor. Due care has been taken in compilation of the same by Management. Some of the figures have been reclassified and hence not comparable vs. previous years SEGMENT RESULTS 9M FY26 9M FY25 Resi IC&IC Total Resi IC&IC Total Area Sold (msft) / Land Leased (acres) 1.74 msft 53.5 acres - 2.15 msft 47.3 acres - Sales / IC&IC revenues 1773 352 2125 1749 284 1958 Income from Operations 835 352 1187 414 284 698 (+) Other Income 69 99 168 71 13 84 Total Income 904 451 1355 485 297 782 (-) Cost of Sales 588 84 672 376 95 471 (-) Other Operating Expenses 163 38 201 154 30 184 EBITDA (excl. Other Income) 84 230 314 (116) 159 43 (-) Interest and Depreciation 33 16 49 38 37 75 PBT 120 313 433 (83) 135 52 (-) Provision for Tax 65 83 148 14 38 52 (-) Minority Interest 12 65 77 3 21 24 PAT (after Non-Controlling Interest) 43 165 208 (100) 76 (24) Net Debt to Equity Ratio (0.12) 0.50 Financials - Segment performance Rs Cr
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13 Financials - Consolidated Cashflows Rs Cr Note: Above details are provided for better understanding of the cashflows of the Company and are not prepared in accordance with any Accounting Standards. The numbers are not prepared or reviewed by independent auditor. Due care has been taken in compilation of the same by Management. Particulars 9M FY26 9M FY25 Opening cash & bank balance (A) 715 642 Project inflows 1761 1631 Project outflows -1203 -1033 Operating Cashflow (B) +558 +600 Investing and Financing cashflow (C) 252 73 Net Cash Flows (D = B+C) +810 +673 Land Outflows (E) -802 -715 Total Cash flow changes (F = D+E) +8 -42 Closing cash & bank balance (G) = (A + F) 724 600 FY 25 642 2298 -1466 +832 175 +1007 -934 +73 715
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14 Ready to move Inventory Ongoing Projects (incl. Current Inventory) Future Phases of Current Projects Pipeline Projects to be launched Estimated Cashflow Sold Units / Estimated Sales^ 90 11,705 (7,745 + 3,960) 2,600 29,210 43,605 (-) Amount already collected - (3,798) - - (3,798) (-) Est. Construction Cost# - (4,028) (1,200) (21,515) (26,742) Net amount to be collected 90 3,880 1400 7,695 13,065 90 3,880 1,400 7,695 13,065 Rs Cr ^ Estimated sales value is based on management estimates, # Construction costs are based on management estimates and includes unspent land/FSI related costs Note: * Thane, Pink and Murud are not included in the Cash flow estimates due to early stages Healthy cashflows from our planned launches*
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15 PROFIT & LOSS STATEMENT Q3 FY26 Q2 FY26 Q3 FY25 FY25 Income from Operations 459 18 167 372 Other Income 10 16 19 92 Total Revenues 469 33 186 464 Operating Expenses 371 15 142 316 Employee Remuneration & Benefits 32 30 28 112 Finance Costs 2 2 4 19 Depreciation & Amortisation 6 7 4 18 Administration & Other Expenses 26 25 23 114 Total Expenditure 437 78 201 579 Exceptional Items 26 - - - Profit before Tax & Share in Net Profit / Loss of Associates (58) (45) (15) (116) Share in Net Profit / (Loss) of JV/Associates 71 96 10 186 Profit from Ordinary Activities before Tax 129 51 (5) 71 Less : Provision for Current Taxation 4 15 1 3 Less : Provision for Deferred Taxation 17 (13) 17 7 Net Profit for the period 109 48 (23) 61 Less: Minority Interest 0 0 0 0 Net Profit / (Loss) after Taxes and Minority Interest 109 48 (23) 61 Note: As per IND AS Financials Financials - Consolidated P&L Rs Cr
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16 EQUITY & LIABILITIES 31st Dec 25 31st Mar 25 ASSETS 31st Dec 25 31st Mar 25 Equity Share Capital 213 155 Property, Plant and Equipment 19 18 Other Equity 3,321 1,741 Right of Use Assets 18 7 Net Worth 3,535 1,896 Capital Work-In-Progress 4 5 Non-Controlling Interest 0 0 Other Intangible Assets - 0 Financial Liabilities Financial Assets (i) Borrowings - 918 (i) Investments 846 844 (ii) Lease Liabilities 8 6 (ii) Loans 60 41 (iii) Other Financial Liabilities 2 2 (III) Other Financial Assets 166 148 Provisions 15 9 Deferred Tax Assets (Net) 116 99 Income Tax Assets (Net) 111 89 Non-Current Liabilities 25 934 Non-Current Assets 1,341 1,253 Financial Liabilities Inventories 5,597 4,462 (i) Borrowings 664 514 Financial Assets (ii) Lease Liabilities 11 2 (i) Investments 38 60 (iii) Trade Payables 326 233 (ii) Trade Receivables 219 139 (iv) Other Financial Liabilities 82 256 (iii) Cash and Cash Equivalents 97 238 Other Current Liabilities 3,690 2,578 (iv) Bank Balances other than (iii) above 450 18 Provisions 13 7 (v) Loans 2 - Current Tax Liabilities (Net) 1 1 (vi) Other Financial Assets 39 17 Other Current Assets 565 234 Current Liabilities 4,787 3,591 Current Assets 7,006 5,168 TOTAL 8,347 6,421 TOTAL 8,347 6,421 Note: As per IND AS Financials Financials - Consolidated Balance Sheet Rs Cr
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MLDL Overview Artistic ImpressionRERA No: P52100045784 Nestalgia, Pune
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18 World’s largest tractor company by volume Pioneering IC&IC business and residential developments Amongst India’s largest 3rd party logistics service providers $25B+ G R O U P T U R N O V E R 324,000+ E M P L O Y E E S 100+ C O U N T R I E S 20+ I N D U S T R I E S India’s leading vehicle financing NBFC, AUM of ~ 1.3 Lac Cr India’s number 1 SUV manufacturer by revenue market share; strong pipeline of EV products Amongst India’s leading IT service providers Number 1 timeshare company outside of the USA Multiple other businesses including Renewables, Steel Processing, Technology, Aerospace and Defence, Used Car Marketplace $ The Mahindra Group
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19 1 43 100 144 238 332 +42 +57 +45 FY 02 FY 12 FY 22 FY 23 Market cap of M&M Limited (Rs K Cr) Mahindra Lifespaces is identified as a Growth Gem by Mahindra Group Mahindra Group fully committed to support MLDL’s growth aspirations MLDL planning to scale its business 5X (10K Cr by FY30) FY 24 +94 FY 25 +94 Mahindra Group created significant value in the last two decades; MLDL a key priority for the Group Note: Market Cap as of 31st March
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20 50+ projects since 1996 (53.65 msft); 21k+ satisfied customers Strategic partnerships with HDFC Capital 2 World Cities, 3 Industrial parks; Industrial Developer since 1994 258 clients from 15+ countries Strategic partnerships with TIDCO, RIICO, IFC and Sumitomo CDP A rating; Industry-first 3 Net zero projects Residential Business IC&IC Business Rs 8,405 Cr Market Cap as on 31st Dec 25 MLDL at a Glance
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21 31% 40% CY11 CY30 Increasing urbanization… …Household income… ~7.5 L / 1.4 L ~15 L / 3.5 L Avg. HH Income/ per cap 43% 15% 33% 34% 21% 44% 3% 7% Low Lower Mid Upper Mid High CY18 CY30F Lower Mid and Upper Mid Segment to increase from ~54% to ~78% …& Regulatory reforms… RERA …Have led to “flight to quality” 23% 30% Current GST NCLT / IBC Estimated Key Industry drivers
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22 Stock generated 29% CAGR over the past 5 years 31-Dec-20 31-Dec-21 31-Dec-22 31-Dec-23 31-Dec-24 31-Dec-25 MAHLIFE BSE SENSEX BSE REALTY 52.4% 22.8% 7.8% 17.0% Shareholding Pattern (%) Mahindra Group MFs FIIs Others 1.8x 3.5x 2.8x Key Drivers Scale-up in business development and pre-sales Unique IC&IC business Strong operating cash flows Strong capabilities across value chain Best-in-class talent Key Institutional Investors Top FIIsTop MFs Vanguard Group Dimensional Holdings Govt. Pension Fund Global Blackrock Kotak Mahindra AMC ICICI Prudential AMC SBI Funds Management Bandhan AMC Axis AMC State Street Global Stock performance and drivers As of 31st Dec 2025
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23 Construction Excellence Construction Week India Awards 2025- Green Project of the Year- Residential to Eden Sustainability Recent accolades Sustainable Development Leadership - Jury Award @Swachh Industrial Park Awards 2025 Mahindra Lakewoods (Phase 1) Platinum rating (Under IGBC Green Homes - Final Certification) @IGBC Green Building Congress (GBC) 2025 Mahindra Marina64 Net Zero Energy (Design) @Indian Green Building Council (IGBC) Green Building Congress (GBC) 2025 Ranked 4th among 30 listed entities and 7th in Asia in the residential segment, achieving a perfect GRESB score & a 5-Star rating
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MLDL Residential Artist’s Impression Vista, MMR RERA Reg No: P51800054671
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25 HDFC Capital 100% 51% 89%100%# 49% 52% Lakewoods Happinest MWCC Aqualily Lakefront Estates Green Estates MWCDL*MHDL Luminare MHPLMBDL M&M MLDL Note: Includes assets owning SPVs only. Shareholding %ages are rounded to nearest %age and is based on common equity capital in SPVs, * MITL and MRDL merged into MWCDL on 30th Dec 2022, # Actis’s shareholding is bought back during Q3 FY’26. Bloomdale Nestalgia TIDCO 11% Happinest Palghar Happinest Kalyan Residential – Structure overview
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26 1.39 msft Launches 572 Cr Sales Value 0.56 msft Completions 3 Completions 386 Cr Collections 178 units Handovers 0.60 msft Sales Volume (RERA Carpet Area: 0.45 msft) Q3 FY26 2.41 msft Launches 1,773 Cr Sales Value 0.56 msft Completions 3 Completions 1,472 Cr Collections 986 units Handovers 2.35 msft Sales Volume (RERA Carpet Area: 1.76 msft) 9M FY26 Note: All figures correspond to MLDL and associates, including JD partner share & commercial units that are part of residential development wherever applicable. Residential – Q3 FY26 Operational highlights
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27 366 466 518 568 386 131 182 116 137 138 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Collections (Rs. Cr) Work Done (Rs. Cr) 0.67 0.90 0.82 0.20 1.39 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Launches (msft) 0.09 1.55 0.87 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Completions (msft) 334 1,055 449 752 572 0.45 1.03 0.58 1.17 0.60 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY 26 Pre-Sales Value (Rs. Cr) Pre-Sales Volume (msft) Nil Note: All figures correspond to MLDL and associates, including JD partner share & commercial units that are part of residential development wherever applicable. Residential - Quarterly trend Nil
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28 MLDL is pioneering development of green homes and thoughtfully designed living spaces Area sold Current inventory Future phases 7.79 msft 3.38 msft 2.18 msft Ongoing Projects Note: Potential development is subject to change in area statement; Above figures are based on saleable area (msft) ^Area for Strategic projects of Thane, Jaipur and Murud not included in the Total development footprint Total Ongoing Projects 13.35 msft 13.35 msft 16.55 msft 23.75 msft Development Footprint^ 53.65 msft Total footprint for Ongoing projects Pipeline projects (excl. Strategic Projects) Completed development Total Development footprint A1 A2 A3 A A B C D Residential - Scale Of operations
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29 Project Name Area Sold (msft) (A) Sales Value (Rs Cr) Current Inventory (msft) (B) Inventory Value (Rs Cr) Project Completion (%) Future Phases of Ongoing Projects (msft) (B) Value of Future Phases (Rs Cr) Total Development (msft) (A+B+C) Vista 1.22 1971 0.46 890 46% - - 1.67 Alcove # 0.30 401 - - 83% - - 0.30 Marina64 0.06 130 0.02 40 27% 0.34 830 0.42 Meridian - 37 0.01 16 91% - - 0.01 Happinest Palghar 2 0.25 91 0.11 44 61% - - 0.36 Happinest Kalyan 1 0.13 73 0.02 13 100% - - 0.15 Happinest Kalyan 2 0.54 286 0.55 341 41% 0.12 85 1.20 Nestalgia 0.25 239 0.01 10 62% - - 0.26 IvyLush 1.05 840 0.48 530 25% - - 1.53 Citadel 1.04 944 0.26 189 21% 1.30 1480 2.60 Happinest Tathawade 1.18 808 0.02 47 67% - - 1.20 Luminare# 0.44 691 - - 89% - - 0.44 Eden 0.40 338 - - 88% - - 0.40 Zen 0.48 497 0.01 2 41% - - 0.48 Mahindra NewHaven 0.23 260 0.04 40 29% - - 0.27 Lakewoods 0.20 121 - - 100% 0.22 120 0.44 Green Estates - - - - - 0.13 50 0.13 Lakefront Estates 0.05 17 - - - - - 0.05 Aqualily 2D - - - - - 0.07 35 0.07 Blossom - - 1.39 1800 39% - - 1.39 Ongoing Projects (A) 7.79 7745 3.35 3960 53% 2.18 2600 13.35 Note: Above figures are based on saleable area (msft), unless specified & includes JD partner's share wherever applicable. | #Project under Joint Development (JD). Future development is subject to change Ongoing Projects Residential – Portfolio summary (1/2)
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30 Segment Project Name Future Development (msft) Estimated GDV potential (Rs Cr) Pipeline Projects to be launched Navrat, Bengaluru 0.95 1000 Navrat 2, Bengaluru 1.04 1100 Whitefield , Bengaluru 0.22 250 Mahalunge, Pune 3.50 3500 Mulund, Mumbai 0.66 1250 Saibaba (Borivali), Mumbai 0.92 1800 Santacruz West, Mumbai 0.15 550 Lokhandwala (1 & 2), Mumbai 0.71 2200 Mahalaxmi, Mumbai 0.54 1650 Chembur, Mumbai 0.71 1700 Navy 2, Mumbai 0.37 800 Bhandup#, Mumbai 6.45 12400 Matunga, Mumbai 0.33 1010 Thane 7500 Jaipur Residential 2000 Murud 1500 Pipeline projects to be launched (B) ~40210 Total Area sold + Inventory + Future Phases + New Pipeline projects (A+B) 29.90^ ~46770 Completed development (C) 23.75 Total development footprint (A+B+C) 53.65 Note: Above figures are based on saleable area (msft), unless specified & includes JD partner's share wherever applicable. | #Project under Joint Development (JD). Future development is subject to change; ^ Area for Strategic projects of Thane, Jaipur and Murud not included in the Total development footprint Pipeline Projects to be launched Residential – Portfolio summary (2/2)
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31 MLDL IC & IC Mahindra World City, Chennai Actual Image
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32 M&M MLDL RIICO TIDCO 100% 89% 100%74% 26% 11% 52% Origins Chennai MIPCL MWC Chennai MWCDL MWC Jaipur MWCJL Origins Pune KTL Origins Ahmedabad MIPPL* Sumitomo 40% 60% Note: Overview includes assets owning SPVs only. Shareholding %ages are rounded to nearest %age and based on common equity capital in SPVs. * IFC is a strategic partner in MIPPL. IC & IC - Structure overview
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33 Distance to City Partnership Gross Area Distance to City Partnership Gross Area Access to Skilled workforce Existing ecosystem of Customers and Suppliers Co-located residential spaces with social Infrastructure Partnership with Government Business Support Services Hassle free Transaction Plug ‘n’ play infrastructure Sustainable and smart Solutions Integrated Cities Industrial Clusters Pioneer in this business with pan India presence across Golden Quadrilateral and Delhi -Mumbai Industrial Corridor MWC Chennai 60 Km MWC Jaipur TIDCO 1524 Acres 20 Km RIICO 2946 Acres Origins Chennai 35 Km Origins Ahmedabad Sumitomo 307 Acres 75 Km IFC 340 Acres IC & IC - Scale of operations
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34 1,145 71 Leasable Area*: 1216 acres Leased Unleased 1160 757 Leasable Area*: 1917 acres Leased Unleased 469 46 242 Unleased Inventory: 757 acres SEZ DTA Resi & Social MWC, Chennai MWC, Jaipur Origins, Ahmedabad 307 229 161 Acres Gross Area Leasable Area* Leased Area 338 243 Acres Gross Area Leasable Area* Origins, Chennai Note: #OBL of 50 acres included in the unleased inventory * Leasable / Saleable area is based on management estimates and includes commercial & residential area wherever applicable. 23 48 Unleased Inventory: 71 acres# MWC Residential OBL IC & IC – Leased area
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35 1.2 2.2 15.6 12.2 5.8 26.623.3 28.8 95 71.4 76.1 53.8 15.1 15.4 74.3 29.2 4.8 39.6 46.4 110.6 157.9 111.1 85.1 FY20* FY21* FY22 FY23 FY24 FY25 Leased Area (Acres) MWC Chennai MWC Jaipur Origins Chennai Total 23.4 23.3 23.9 22.1 23.9 25.2 17.4 16.4 16.7 18.3 17.7 17.9 FY20 FY21 FY22 FY23 FY24 FY25 Park O&M, MWC Chennai (Rs Cr) Income Expenses 44.4 40.0 39.8 41.4 41.7 46.1 16.8 15.6 17.1 20.0 19.1 25.3 FY20 FY21 FY22 FY23 FY24 FY25 Park O&M & eVolve, MWC Jaipur (Rs Cr) Income Expenses 2.6 2.6 2.7 2.8 3.1 4.2 FY20* FY21* FY22 FY23 FY24 FY25 Average Price Per Acre – SEZ+DTA (Rs Cr) Note:* For MWC Chennai, it does not include sales outside MWC boundaries (FY19: nil, FY20: 3 acres, FY21: 9.2 acres, FY22: nil, FY23: nil, FY24: 8.4 acres) IC & IC – Key metrics
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36 MWC Chennai 92 customers (74 operational) MWC Jaipur 166 customers (107 operational) Origins Chennai 16 customers (7 operational) Origins Ahmedabad Central Avenue DTA Zone NH Access Planned Construction Planned Construction IC & IC - Marquee Clientele
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MLDL Leadership Artistic Impression Citadel, Pune RERA : P52100053012,P52100047656,PR1260002500154
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38 Mr. Ameet Hariani Chairman and Non-Executive, Independent Director • Holds master’s degree in Law from the Mumbai University • Member of Bombay Incorporated Law Society; Law Society of England & Wales; Law Society of Singapore; Bar Council of Maharashtra; Bombay Bar Association • Holds Independent, Non-Executive Director positions in other listed and unlisted companies. Dr. Anish Shah Non-Executive, Non-Independent Director • Ph.D. - Carnegie Mellon’s Tepper Business School, Masters degree from Carnegie Mellon and MBA - IIM-Ahmedabad • Managing Director and CEO, Mahindra & Mahindra Ltd. • Former President and Chief Executive Officer of GE Capital India. Ms. Rucha Nanavati Non-Executive, Non-Independent Director • Master in Computer Science, Illinois Institute of Technology, Chicago, IL, USA & BE- Electronics and Communication • Chief Digital Transformation Officer AUTO M&M Ltd • Won Top Women in Grocery award in 2020 and CIO Powerlist award in 2022. Ms. Asha Kharga Non-Executive, Non-Independent Director • MBA in Marketing from Mumbai University • Chief Customer & Brand Officer, M&M Ltd • Recognized as India’s Top 20 Most Influential Women in Marketing & Advertising, by Business World. Mr. Anuj Puri Non-Executive, Independent Director • Chartered Accountant and Fellow of the Royal Institution of Chartered Surveyors, UK • Chairman and Founder of ANAROCK. • ‘Awarded as ‘Most Promising Business Leaders of Asia 2018-19’ by Economic Times, ‘Scroll of Honour’ by Realty Plus Magazine and India Business Group Excellence Award 2019. Ms. Amrita Chowdhury Non-Executive, Independent Director • B.Tech. - IIT Kanpur, MS-UC Berkeley, MBA-Carnegie Mellon-Tepper Business School • Director of Gaia, an Urban Tech firm providing insights-as-a-service for Smart Sites and Smart Cities • Holds 7 US patents for semi-conductor manufacturing. Author of two books. Mr. Amit Kumar Sinha Managing Director & Chief Executive Officer • Dual MBA (Finance and Strategy) from The Wharton School, University of Pennsylvania • BE (Electrical and Electronics) from the Birla Institute of Technology, Ranchi • Former President, Group Strategy Office, Mahindra and Mahindra • Former Senior Partner and Director with Bain & Company. Mr. Milind Kulkarni Non-Executive, Non-Independent Director • Chartered Accountant • Retired as CFO of Tech Mahindra in the year 2022 • Former CFO of Mastek Ltd • Former Group CFO of Venky’s Ltd MLDL Leadership | Directors
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39 Ameet Hariani Chairman and Non-Executive, Independent Director Amit Kumar Sinha Managing Director & Chief Executive Officer Vimalendra Singh Chief Business Officer - Residential Parveen Mahtani Chief Legal Officer Sudharshan KR Chief Project Officer Tanmoy Roy Chief Human Resources Officer Anshu Shukla Chief Design Officer Ankur Parmar Chief Marketing Officer Vikram Goel Chief Business Officer - Industrial MLDL Leadership | Management Parijat Dey Chief Technology Officer Sriram Kumar Chief Financial Officer
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40 For more details visit: mahindralifespaces.com Thank You Mahindra Lifespace Developers Limited CIN L45200MH1999PLC118949 5th Floor, Mahindra Towers, Worli, Mumbai - 400 018. Tel: 022 6747 8600/ 6747 8601 | Fax: 022 2497 5084 Mr. Devavrat Mastakar AGM – F&A & IR Email: MASTAKAR.DEVAVRAT@mahindra.com Investor Relations Contact
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41 41 GLOSSARY a. Completed: projects where construction has been completed and occupancy certificates have been granted by the relevant authorities b. Ongoing: projects where (i) all title or development rights, or other interest in the land is held either directly or indirectly by the Company/subsidiaries of the Company/joint ventures of the Company/consolidated partnership firms of the Company; (ii) if required, all land for the project has been converted for the intended use; (iii) the requisite approvals for commencement of construction have been obtained c. Future Phases: projects in respect of which (i) all title or development rights or other interest in the land is held either directly or indirectly by the Company/subsidiaries of the Company/joint ventures of the Company/consolidated partnership firms of the Company; (ii) if required, applications have been made for conversion of use for the land for the intended use; (iii) preliminary management development plans are in place; and (iv) architects have been identified d. Pipeline Projects: land in which any of the Company/subsidiaries of the Company/joint ventures of the Company/consolidated partnership firms of the Company hold interest, where development is yet to commence Classification of projects is as under: CDP Climate Disclosure Project DTA Domestic Tariff Area GRESB Global Real Estate Sustainability Benchmark GRI Global Report Initiative IC & IC Integrated Cities & Industrial Clusters IFC International Finance Corporation IND AS Indian Accounting Standards M&M Mahindra & Mahindra Limited MBDL Mahindra Bloomdale Developers Limited MHDL Mahindra Happinest Developers Limited MHPL Mahindra Homes Private Limited MIPCL Mahindra Industrial Park Chennai Limited MIPPL Mahindra Industrial Park Private Limited MITL Mahindra Integrated Township Limited MLDL Mahindra Lifespace Developers Limited MMR Mumbai Metropolitan Region MRDL Mahindra Residential Developers Limited MSFT Million Square Feet MWC Mahindra World City MWCDL Mahindra World City Developers Limited MWCJL Mahindra World City (Jaipur) Limited NCR National Capital Region RIICO Rajasthan State Industrial Development & Investment Corporation Ltd. SBTi Science Based Target Initiative SEZ Special Economic Zone TCFD Task Force on Climate related Financial Disclosure TIDCO Tamil Nadu Industrial Development Corporation Ltd. MLDL Mahindra Lifespace Developers Limited