Shares of Mahindra Lifespace Developers Ltd fell 1% after touching a dayβs high of Rs 384 on 21st November. The firm said it is gearing up for an aggressive scale-up. CEO Amit Kumar Sinha made a direct pitch for stronger capital backing to unlock faster growth. He said, βIf I have the support from capital, we can do more.β He told investors that the company has outlined a Rs 4,000β6,000 crore plan. This could expand further with additional funding.
Mahindra Lifespaces is positioning itself as the Mahindra Groupβs next big growth driver. CEO Amit Kumar Sinha signaled a sharper, capital-backed expansion strategy. The company is now focusing on just three core cities instead of spreading itself thin. It aims for Rs 10,000 crore in pre-sales by FY30. This is a massive 14x jump from FY20 levels.
Mumbai is at the heart of this growth plan. The city is undergoing what Sinha calls a βonce-in-a-lifetimeβ infrastructure transformation. The company wants to become the number one player in society redevelopment. It has already secured eight to ten project wins despite strong competition.
Sinha said the real opportunity lies in taking market share from unbranded developers. These developers still control around 70% of the market. He emphasized that disciplined execution will be key. Even a single mistake can destroy value. This is why each project is being tracked closely from an internal rate of return (IRR) perspective.
So far, Mahindra Lifespaces has achieved Rs 2,800 crore in pre-sales. It aims to reach Rs 4,500β5,000 crore by FY27. The company is moving steadily toward its ambitious FY30 target.
At 10:13 AM, shares of Mahindra Lifespaces were trading 0.22% lower at Rs 380 on NSE.
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