Mahindra Lifespace gears up for growth with rights issue, land expansion

** Mahindra Lifespace Developers Limited (MAHLIFE) is positioning itself for significant growth, announcing a INR 1,500 crore rights issue to reduce debt and support expansion in key markets like Mumbai, Pune, and Bengaluru. This move, coupled with strong FY 2024-25 performance, strategic land acquisitions, and a new brand positioning, signals the company's confidence in achieving its 5x growth ambition of INR 10,000 crore in annual presales by 2029-30. For FY24-25, The company achieved its highest-ever gross development value (GDV) of INR 18,100 crore a fourfold increase from FY2023-24. Pre-sales reached INR 2,804 crore, reflecting a 20.4% growth. Its IC&IC business generated INR 495 crore in revenue and added 85.1 acre to marquee clients with a strong land bank and integrated manufacturing model. The Company has announced to convene their 26th Annual General Meeting (AGM) on July 25, 2025 for the approval of dividend as also reappointment of Ms. Rucha Nanavati as Non-Executive, Non-Independent Director. In the AGM, the company has proposed to pay a final dividend of INR 2.80 per equity share of face value INR 10, a decision is subject to shareholders’ approval. It intends to leverage a planet positive framework in all activities and aim for a net-zero carbon position by 2040. The company has also recently launched a #MakingTheSwitch sustainability initiative. The Group is also working to set up a solid waste management plant to reduce its carbon footprint.