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Mahindra Lifespace Developers and Sumitomo group have extended their partnership for Phase 2B

ICICIdirect Research 23 Jul 2026 DISCLAIMER

News: Mahindra Lifespace Developers and Sumitomo group have extended their partnership for Phase 2B of the Mahindra Origins project in Chennai. The phase 2B spans 95 acres. The total area under Mahindra Origins in Chennai in partnership with Sumitomo group across phase 1 (agreement year 2015) phase 2A (2024) and phase 2B (2026) is 540 acres. 

View: Partnership with Sumitomo group has helped Mahindra Lifespace Developers to secure multiple Japanese Companies for setting up their operations in Mahindra Origins.  Extending the partnership is a step in the right direction for Mahindra Lifespace as it will enable it to secure more international players to set up their operations thus providing a boost to in the IC&C business segment for Mahindra Lifespace Developers. Going ahead, Mahindra Lifespace Developers has planned Ahmedabad and Pune as upcoming centers in the IC&C business in FY27E and FY28E respectively.

Impact: Positive

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