Mahindra Lifespaces April-September pre-sales rise 66% to Rs 1,988 crore

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The Economic Times daily newspaper is available online now. Read Today's Paper Mahindra Lifespaces April-September pre-sales rise 66% to Rs 1,988 croreBy Kailash Babar, ET BureauLast Updated: Oct 22, 2026, 05:08:00 PM ISTSynopsis

Mahindra Lifespace Developers reported a 66% increase in residential pre-sales, reaching Rs 1,988 crore in H1 FY27. The company added Rs 7,100 crore in gross development value during the same period, showing strong demand. However, the second quarter saw a decline in profit after tax to Rs 16 crore from Rs 48 crore last year. The revenue from the integrated cities and industrial clusters also fell to Rs 63 crore.

Mumbai: Realty developer Mahindra Lifespace Developers has reported a 66% on-year increase in residential pre-sales to Rs 1,988 crore in the first half of 2026-27, supported by demand across its residential projects.

The company added gross development value (GDV) of Rs 7,100 crore during the six-month period, compared with Rs 5,200 crore in the first half of 2025-26.

Consolidated sales across its residential and industrial clusters and integrated cities (IC&IC) businesses rose 48% year-on-year to Rs 2,101 crore in the first half of FY27. The company’s consolidated profit after tax, after non-controlling interest, stood at Rs 102 crore against Rs 99 crore in the corresponding period last year.

Read more: Gurgaon, Noida housing demand drops 8-9% as NCR property market cools

Residential pre-sales during the first half covered a saleable area of 1.29 million sq ft and RERA carpet area of 0.85 million sq ft. Residential collections increased to Rs 1,152 crore from Rs 1,086 crore in H1 FY26.

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“Business development continues to be robust with 7,100 crores of GDV additions. Our IC&IC business has strong pipeline, expected to close in H2 FY27,” said Amit Kumar Sinha, MD & CEO, Mahindra Lifespace Developers.

Revenue from the IC&IC business declined to Rs 113 crore from Rs 219 crore in the year-ago period, while the company leased a total of 38.9 acres during H1 FY27. Its net debt-to-equity ratio stood at -0.28 as of September 30, 2026, indicating a cash surplus.

Read more: Construction cost for housing projects increases by 34%

In the second quarter ended September 2026, the company’s consolidated net profit after non-controlling interest declined 67% year-on-year to Rs 16 crore from Rs 48 crore. Consolidated sales across residential and IC&IC businesses rose 32% to Rs 1,126 crore, while residential pre-sales grew 41% to Rs 1,063 crore.

GDV additions stood at Rs 1,500 crore in Q2 FY27. Revenue from the IC&IC business declined to Rs 63 crore from Rs 99 crore in the corresponding quarter last year, while the company leased 36.9 acres during the quarter.
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