Mahindra Lifespaces seeks more capital support, eyes top-five position in core markets

Mahindra Lifespaces is gearing up for an aggressive scale-up, with CEO Amit Kumar Sinha making a direct pitch for stronger capital backing to unlock faster growth. “If I have the support from capital, we can do more,” he told investors, outlining a ₹4,000–6,000 crore plan that could expand further with additional funding.

Positioned as the Mahindra Group’s next major growth engine, the company is pushing to accelerate its redevelopment and city-focused strategy as it targets ₹10,000 crore in pre-sales

by FY30.

The company is positioning itself as the next major growth engine within the Mahindra Group, with Managing Director and CEO Amit Kumar Sinha signalling an aggressive scale-up anchored in sharper market focus and fresh capital support.

Speaking at the M&M Investor Day Townhall, Sinha said the developer is targeting ₹10,000 crore in pre-sales by FY30, a “14x jump from FY20 levels.”

The company’s strategy hinges on concentrating operations in just three cities rather than spreading thin.

“This is a very local business; national market share doesn’t matter. We want to be the top five player in our core markets,” Sinha said, adding that Mahindra Lifespaces has consolidated its presence from six to seven markets earlier.

Mumbai remains the centrepiece of the company’s expansion push. Calling the city’s infrastructure upgrade “a once-in-a-lifetime” shift, Sinha said the aspiration is clear: “Our aspiration is to be number one in society redevelopment in Mumbai.” The company has already secured “almost eight to ten wins so far against stiff competition.”

Sinha underscored that the opportunity lies in capturing share from unbranded developers, who still hold around 70% of the market. “There is significant opportunity to actually take share away from unbranded players,” he noted.

He also stressed disciplined execution, saying, “This is a business where one mistake can actually destroy significant value. We want to track each of our projects from an internal rate of return (IRR) perspective.”

Currently, Mahindra Lifespaces has achieved ₹2,800 crore in pre-sales and is targeting ₹4,500–5,000 crore by FY27, ahead of its long-range FY30 goal.