Slides
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0 Lakewoods, Chennai TNRERA/35/BLG/0300/2026 Investor Presentation Q2 FY27
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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, MBLDL, MHDL, ADL, MKDL, MSL, MWCDL, MBLDL, MWCJL, MIPCL & MIPPL). Disclaimer
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MLDL Strategic Update Artistic Impression BeaconHill, Mumbai RERA Reg no. : PM1170002600357
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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 50K 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 H1 Resi update IC & IC update Financials • H1 Resi pre-sales: 1988 Cr (66% YoY growth) — Successful launch of Rainforest, BeaconHill and Citadel Ph3 — Sustenance sales contributed ~41% of sales (Vista, Blossom, Marina 64, IvyLush) • RERA received for Mahalunge Ph1, Lakewoods F&G, • Expanded with Tier 1 contractors • OCs received in H1: Eden Ph2, Luminare, Palghar 2.1.8 • Sustained BD momentum (GDV additions: 7.1K Cr; Total GDV: ~50K Cr). • Cleaned up legacy OBL lands in MWCC • Strong pipeline heading into H2 • Acceleration of land aggregation in OP. • H1 FY 27 Consolidated Resi & IC&IC sales of 2101 Cr (48% YoY growth) • Strong delivery with PAT of 102 Cr • Healthy Resi collections in H1 FY 27 • Robust balance sheet with net debt-equity of -0.28 (cost of debt: 7.55%).
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5 6,950 800 Pipeline Projects to be launched (C) Future Phases of Current Projects (B) Current Inventory as of 30th Sept’26 (A) Total GDV Potential (A+B+C) Pre FY24 (550) • WestEra, Mumbai (550) FY24-- (250) • Whitefield, Bengaluru (250) FY25++ (36,860) • SaiBaba (Borivali), Mumbai (1800)+(1000) • Rainforest Ph2 to Ph4, Mumbai (9400) • Navrat 1 + 2, Bengaluru (2100) • Lokhandwala 1 + 2, Mumbai (2200) • Mulund, Mumbai (1250) • Chembur, Mumbai (1700)+(500) • Mahalunge, Pune (3500) • Navy 2, Mumbai (800) • Matunga, Mumbai (1010) • Thane, Mumbai (7500) • K2, Kandivali, Mumbai (5600) • Citadel Commercial (630) • Others (170) Other key projects (Rs 3,500 Cr) • Jaipur Residential (2000) • Murud (1500) • BeaconHill • Rainforest Ph1 • Blossom • Marina64 • NewHaven • IvyLush Ph1 & Ph2 • Vista Ph1 & Ph2 • Citadel Ph2 & Ph3 • Lakewoods • Others ~50,400 Rs Cr ~42,660 7100 Cr of GDV added in H1 FY27 Blue text indicates projects acquired in H1FY27
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6 GDV additions worth 7100 Cr in H1 FY27 Kandivali, Mumbai Chembur 3, Mumbai Borivali 3, Mumbai Acres 14.83 0.13 1.89 Outright Society redevelopment Society redevelopment Definitive documents June’26 Sep’26 Sep’26 GDV (Rs Cr) 5600 500 1000 Project Highlights • Project location near to Mahindra Vista • Strategically located with excellent connectivity to western express highway, metro corridors and established social infrastructure • Deepens our presence in the Kandivali market • Society added to our existing location in Chembur (GDV expanded to 2200 Cr) • Excellent connectivity to key parts of Mumbai (site close to Eastern Freeway) • Society added to our existing location in Borivali (GDV expanded to 2800 Cr) • Well-connected upscale locality
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7 Q4 Q3 Q2 Q1 39 146 602 345 1019 449 925 114 303 399 455 397 752 1063 196 251 450 443 334 572 346 328 361 1086 1055 1633 1988 39 FY21 FY22 FY23 695 1028 1812 Rs Cr Key Launches Rainforest, MMR (netting in Q1 FY27) BeaconHill, MMR (Q1 FY27) Citadel Ph3, Pune (Q1 FY27) Lakewoods F&G, Chennai (Q2 FY27) Mahalunge Ph1, Pune (Q3 FY27) Saibaba Ph1, MMR (Q3 FY27) Navrat, Bengaluru (Q4 FY27) WestEra, MMR (Q4 FY27) FY24 2328 FY25 2804 FY26 FY27 Launches in line with the plan 3405 Pre-sales FY27
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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 • Lakewoods H&I • Rainforest Ph1 BeaconHill Citadel Ph3 Mahalunge Ph 1 • SaiBaba Ph1 • Navrat Ph1 • Thane Ph1 • Rainforest Ph2 • SaiBaba Ph2 • New Project 6(K2) • New project 2 (Mulund) • Lokhandwala 1 • Navrat Ph2 • Thane Ph2 • New project 3 (Chembur) • New project 4 (Navy 2) • Thane Ph3 • Rainforest Ph3 • Lokhandwala 2 • New project 5 (Matunga) Sustenance • Vista Ph1 • Citadel Ph2 • Tathawade • Nestalgia • Alcove • Vista Ph2 • IvyLush • Tathawade • Nestalgia • Citadel Ph2 • Rainforest Ph1 • Blossom • BeaconHill • Marina64 • Citadel Ph2 • Navrat Ph1 • Citadel Ph3 • Rainforest Ph1 • BeaconHill • Santacruz • Thane Ph1 • Rainforest Ph2 • Mahalunge Ph 1 • New Project 6(K2) • New project 1 (Mulund) • Thane Ph1&2 • Rainforest Ph1&2 • Lokhandwala 1 • Navrat Ph2 • New project 3 (Chembur) 65% 60% 41% 35% 33% 25% 35% 40% 59% 65% 67% 75% FY25 FY26 FY27 FY28 FY29 FY30 Sustenance New Launches 3,405 Rs Cr High visibility in our pre-sales plan 2,804 9,500 ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓
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9 Q4 Q3 Q2 Q1 37 144 39 103 120 41 97 134 60 111 99 72 161 85 248 70 134 94 227 123 211 360 389 590 470 495 713 113 FY22 FY23 FY24 FY25 5 MOUs / LOIs signed. Strong pipeline heading in the year. Rs Cr FY26 Deals Revenues (Rs Cr) New OBL customer 1 32.3 New DTA customer 2 2.3 Existing DTA customer 1 3.7 Existing DTA customer 2 2.5 O&M and Other income 31.5 Q2 FY27 Total 72.3 FY27 IC&IC business demonstrated strong growth over the years
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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 1,180 737 MWC Chennai 1,594 1,216 1,190 26 Origins Chennai 1 307 229 165 64 Origins Chennai 2A & 2B 240 163 55 108 Origins Ahmedabad 338 243 0 243 Origins Pune* 473 331 0 331 Total 5,898 4,099 2,590 1,509 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. Q2 FY27: 1063 Cr H1 FY27: 1988 Cr (Q2 FY26: 752 Cr H1 FY26: 1200 Cr) Resi Collections Q2 FY27: 625 Cr H1 FY27 1152 Cr (Q2 FY26: 568 Cr H1 FY26: 1086 Cr) Net Debt to Equity1 Q2 FY27: -0.28 (Q2 FY26: -0.17) GDV Q2 FY27: 1500 Cr H1 FY27: 7100 Cr (Q2 FY26: 1700 Cr H1 FY26: 5200 Cr) Cost of Debt Q2 FY27: 7.55% (Q2 FY26: 6.9%) IC&IC Revenues Q2 FY27: 63 Cr H1 FY27: 113 Cr (Q2 FY26: 99 Cr H1 FY26: 219 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 Financials - Segment performance Rs Cr SEGMENT RESULTS H1 FY27 H1 FY26 Resi IC&IC Total Resi IC&IC Total Area Sold (msft) / Land Leased (acres) 1.30 38.9 - 1.21 35.6 - Sales / IC&IC revenues 1988 113 2101 1200 219 1419 Income from Operations 1064 113 1177 269 219 488 (+) Other Income 77 23 100 24 96 120 Total Income 1141 136 1277 293 315 608 (-) Cost of Sales 848 32 880 141 56 197 (-) Other Operating Expenses 138 20 158 108 23 131 EBITDA (excl. Other Income) 78 61 139 20 140 160 (-) Interest and Depreciation 16 8 24 24 12 36 (+) Exception Item - Gain / (Loss) 0 0 0 0 0 0 PBT 139 76 215 20 224 244 (-) Provision for Tax 86 21 107 33 55 88 (-) Minority Interest (3) 9 6 9 49 58 PAT (after Non-Controlling Interest) 56 46 102 (22) 120 99 Net Debt to Equity Ratio (0.28) (0.17)
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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 H1 FY27 H1 FY26 Opening cash & bank balance (A) 1,127 715 Project inflows 1,170 1,225 Project outflows -829 -800 Operating Cashflow (B) +341 +425 Investing and Financing cashflow (C) -100 +65 Net Cash Flows (D = B+C) +241 +490 Land Outflows (E) -332 -375 Total Cash flow changes (F = D+E) -91 +116 Closing cash & bank balance (G) = (A + F) 1,036 831
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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^ 40 16,250 (9,300 + 6,950) 800 39,160 56,250 (-) Amount already collected - (3,680) - - (3,680) (-) Est. Construction Cost# - (7,750) (490) (29,050) (37,290) Net amount to be collected 40 4,820 310 10,110 15,280 40 4,820 310 10,110 15,280 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: * 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 Q2 FY27 Q1 FY27 Q2 FY26 FY26 Revenue from Operations 32 962 18 1178 Other Income 72 15 16 88 Total Revenues 104 978 33 1266 Operating Expenses 14 796 15 1043 Employee Remuneration & Benefits 34 34 30 127 Finance Costs 5 2 2 11 Depreciation & Amortisation 5 5 7 24 Administration & Other Expenses 39 38 25 130 Total Expenditure 97 875 78 1335 Exceptional Items 0 0 - 26 Profit before Tax & Share in Net Profit / Loss of Associates 7 102 (45) (43) Share in Net Profit / (Loss) of JV/Associates 43 9 96 349 Profit from Ordinary Activities before Tax 50 111 51 306 Less : Provision for Current Taxation 19 8 15 13 Less : Provision for Deferred Taxation 15 18 (13) (6) Net Profit for the period 16 86 48 298 Less: Minority Interest 0 0 0 0 Net Profit / (Loss) after Taxes and Minority Interest 16 86 48 298 Note: As per IND AS Financials Financials - Consolidated P&L Rs Cr Total: Rs 102 Cr
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16 EQUITY & LIABILITIES 30th Sep 26 31st Mar 26 ASSETS 30th Sep 26 31st Mar 26 Equity Share Capital 213 213 Property, Plant and Equipment 20 10 Other Equity 3446 3414 Right of Use Assets 12 16 Net Worth 3659 3627 Capital Work-In-Progress 20 10 Non-Controlling Interest 0 0 Other Intangible Assets - - Financial Liabilities Financial Assets (i) Borrowings - - (i) Investments 978 1181 (ii) Lease Liabilities 6 6 (ii) Loans 54 51 (iii) Other Financial Liabilities 2 2 (III) Other Financial Assets 206 170 Provisions 16 16 Deferred Tax Assets (Net) 81 114 Income Tax Assets (Net) 78 120 Non-Current Liabilities 24 24 Non-Current Assets 1,449 1,672 Financial Liabilities Inventories 5,636 5,176 (i) Borrowings 627 645 Financial Assets (ii) Lease Liabilities 7 11 (i) Investments 193 88 (iii) Trade Payables 498 484 (ii) Trade Receivables 223 228 (iv) Other Financial Liabilities 462 93 (iii) Cash and Cash Equivalents 58 79 Other Current Liabilities 3150 3392 (iv) Bank Balances other than (iii) above 350 455 Provisions 24 18 (v) Loans - - Current Tax Liabilities (Net) 1 1 (vi) Other Financial Assets 37 30 Other Current Assets 505 567 Current Liabilities 4,769 4,644 Current Assets 7,002 6,623 TOTAL 8,452 8,295 TOTAL 8,452 8,295 Note: As per IND AS Financials Financials - Consolidated Balance Sheet Rs Cr
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MLDL Overview Artistic ImpressionRERA Reg no. : PM1181012502957 & PR1181012502956 Rainforest,Mumbai
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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 ~ 1.4 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 43 100 144 238 332 367 +42 +57 +44 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 FY 26 +35
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20 50+ projects since 1996 (55.90 msft); 21k+ satisfied customers Strategic partnerships with Mitsui Fudoson, 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 7,685 Cr Market Cap as on 30th Sept 26 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 31% CAGR over the past 6 years 30-Sep-20 30-Sep-21 30-Sep-22 30-Sep-23 30-Sep-24 30-Sep-25 30-Sep-26 MAHLIFE BSE SENSEX BSE REALTY 52.4% 22.8% 7.4% 17.4% Shareholding Pattern (%) Mahindra Group MFs FIIs Others2.4x 5.0x 3.7x 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 30th Sept 2026
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23 Project Sustainability Recent accolades Mahindra Vista won Green Building project of the Year - 2026 at Realty+ Conclave & Excellence Awards Marina 64 won Redevelopment project of the Year - 2026 Mahindra World City Chennai received Decarbonisation Excellence award for Carbon Neutral Net Zero Waste at ISHRAE Cool conclave 3.0 at Coimbatore, TN 5-Star GRESB Rating GRESB Score of 98.8/100 #1 Rank Residential – Asia # 1 Rank Residential – Listed # 1 Rank Asia – Listed #1 Rank Asia for Public Disclosure (6th consecutive year)
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MLDL Residential Artist’s Impression Blossom, Bengaluru RERA Reg No: PRM/KA/RERA/1251/446/PR/171225/008348
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25 HDFC Capital 100% 51% 89% 49% 52% Lakewoods Happinest MWCC Aqualily Lakefront Estates Green Estates MWCDL*MHDL Rainforest ADLMBDL 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, # Agreement entered with Mitsui Fudosan Co. Ltd in March, 2026 Bloomdale Nestalgia TIDCO 11% Happinest Palghar Happinest Kalyan Residential – Structure overview Blossom MBLDL# MFA 49% 51% Others K2 (MKDL) Navrat (MSDPL) 100% 100%
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26 0.22 msft Launches 1,063 Cr Sales Value 0.56 msft Completions Nil Completions 625 Cr Collections 992 units Handovers 0.69 msft Sales Volume (RERA Carpet Area: 0.46 msft) Q2 FY27 1.58 msft Launches 1,988 Cr Sales Value 0.56 msft Completions 3 Completions 1,152 Cr Collections 1,949 units Handovers 1.29 msft Sales Volume (RERA Carpet Area: 0.85 msft) H1 FY26 Note: All figures correspond to MLDL and associates, including JD partner share & commercial units that are part of residential development wherever applicable. Residential – Q2 FY27 Operational highlights
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27 568 386 635 527 625 137 138 152 117 174 Q2 FY26 Q3 FY26 Q4 FY 26 Q1 FY 27 Q2 FY 27 Collections (Rs. Cr) Work Done (Rs. Cr) 0.20 1.39 1.89 1.36 0.22 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Launches (msft) 0.87 1.41 0.58 Nil Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Completions (msft) 752 572 1633 925 1063 1.17 0.60 1.18 0.60 0.69 Q2 FY26 Q3 FY 26 Q4 FY 26 Q1 FY 27 Q2 FY 27 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
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28 MLDL is pioneering development of green homes and thoughtfully designed living spaces Area sold Current inventory Future phases 8.20 msft 4.75 msft 0.82 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 13.78 msft 13.78 msft 16.35 msft 25.80 msft Development Footprint^ 55.90 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) Blossom 0.91 1330 0.46 470 46% - - 1.37 Rainforest 0.39 631 1.53 2369 6% - - 1.92 Beaconhill 0.09 276 0.45 1374 11% - - 0.54 Vista 1.45 2392 0.22 473 48% - - 1.67 Marina64 0.27 548 0.12 452 30% - - 0.39 Meridian 0.00 44 0.01 9 92% - - 0.01 Happinest Palghar 2 0.19 67 0.10 37 77% - - 0.29 Happinest Kalyan 2 0.51 284 0.49 343 47% 0.12 85 1.12 Nestalgia 0.16 147 0.01 7 83% - - 0.17 IvyLush 1.17 956 0.31 414 29% - - 1.48 Citadel 1.39 1179 0.77 814 28% 0.50 631 2.66 Happinest Tathawade 0.70 536 0.03 41 71% - - 0.73 Zen 0.48 497 0.01 1 58% - - 0.49 Mahindra NewHaven 0.23 269 0.01 31 34% - - 0.24 Lakewoods 0.20 121 0.22 116 12% - - 0.42 Green Estates - - - - - 0.13 50 0.13 Lakefront Estates 0.05 17 - - - - - 0.05 Aqualily 2D - - - - - 0.07 38 0.07 Ongoing Projects (A) 8.20 9300 4.75 6950 0.82 800 13.78 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 3.5 3500 Mulund, Mumbai 0.66 1250 Saibaba (Borivali), Mumbai 1.22 2800 Santacruz West, Mumbai 0.15 550 Lokhandwala (1 & 2), Mumbai 0.71 2200 K2 Kandivali , Mumbai 1.80 5600 Chembur, Mumbai 0.84 2200 Navy 2, Mumbai 0.37 800 Rainforest #, Mumbai 4.56 9400 Matunga, Mumbai 0.33 1010 Thane 7500 Jaipur Residential 2000 Murud 1500 Pipeline projects to be launched (B) ~42660 Total Area sold + Inventory + Future Phases + New Pipeline projects (A+B) 30.10^ ~50400 Completed development (C) 25.80 Total development footprint (A+B+C) 55.90 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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MLDL IC & IC Mahindra World City, Jaipur 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 547 Acres 75 Km IFC 338 Acres IC & IC - Scale of operations
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34 1,190 26 Leasable Area*: 1216 acres Leased Unleased 1180 737 Leasable Area*: 1916 acres Leased Unleased 454 41 242 Unleased Inventory: 737 acres SEZ DTA Resi & Social MWC, Chennai MWC, Jaipur Origins, Ahmedabad 547 392 220 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. Origins, Chennai includes Origins 1, Origins 2A and 2B. * Leasable / Saleable area is based on management estimates and includes commercial & residential area wherever applicable. 20 6 Unleased Inventory: 26 acres# MWC Residential OBL IC & IC – Leased area
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35 2.2 15.6 12.2 5.8 26.6 19.428.8 95 71.4 76.1 53.8 60 15.4 74.3 29.2 4.8 59 46.4 110.6 157.9 111.1 85.1 138.4 FY21* FY22 FY23 FY24 FY25 FY 26 Leased Area (Acres) MWC Chennai MWC Jaipur Origins Chennai Total 23.3 23.9 22.1 23.9 25.2 33.1 16.4 16.7 18.3 17.7 17.9 25.2 FY21 FY22 FY23 FY24 FY25 FY26 Park O&M, MWC Chennai (Rs Cr) Income Expenses 40.0 39.8 41.4 41.7 46.1 48.7 15.6 17.1 20.0 19.1 25.3 24.3 FY21 FY22 FY23 FY24 FY25 FY26 Park O&M & eVolve, MWC Jaipur (Rs Cr) Income Expenses 2.7 2.8 3.1 4.2 4.6 FY22 FY23 FY24 FY25 FY26 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 90 customers (75 operational) MWC Jaipur 170 customers (110 operational) Origins Chennai 19 customers (10 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 Ivy Lush, Pune RERA : P52100055161, P52100055162, P52100078592
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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. 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 4th 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 MSDL Mahindra Sakura Developers Private Ltd. 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 MKDL Mahindra Kandivali Developers Ltd TIDCO Tamil Nadu Industrial Development Corporation Ltd. MLDL Mahindra Lifespace Developers Limited