Upcoming launches across Mumbai, Pune, Bengaluru, and Chennai, supported by society redevelopment wins in Mumbai, give strong visibility to achieving Rs 45-50 billion bookings in the near term and building a pathway toward Rs 100 billion.
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HDFC Securities Institutional Equities
Mahindra Lifespace Developers Ltd. has several levers to growth as-
several projects are now in the final stages of design and approvals, primed for launch in FY26;
it has increasing focus on midpremium and premium segments, where its brand and execution capabilities offer differentiation and
Mahindra Lifespace has become developer of choice for MMR redevelopment pipeline with some large society wins in the kitty and this may continue to supplement GDV addition in less capex intensive way.
Given the strong cash flows, robust launch pipeline, stable balance sheet, and likely growth funds through rights, we remain constructive with a Buy on Mahindra Lifespace and a target price of Rs 700/share.
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