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Mahindra Lifespace Developers (MLD) has acquired a 15 acre land parcel in Kandivali East

ICICIdirect Research 22 Jun 2026 DISCLAIMER

News: Mahindra Lifespace Developers (MLD) has acquired a 15 acre land parcel in Kandivali East with an estimated gross development value (GDV) of ₹ 5600 crore. The project is a greenfield acquisition and is expected to fetch ~ ₹31100 psf. As per media sources the company plans to accelerate project launches aggressively with project launches of upto ₹10000 crore in FY27E and ₹45000 crore in next 18-24 months.

View: MLD aims to secure business development more than ₹ 10000 crore in FY27E. It already has projects worth ₹ 45180 crore in it's project pipeline. New business development to provide longer term project launch visibility. The company achieved presales of ₹3600 crore in FY26 and aspires to reach ₹10000 crore pre-sales by FY30

Impact: Positive

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