Mahindra Lifespace Developers Limited has informed the Exchange regarding a press release dated May 06, 2026, titled "Mahindra Lifespaces launches Mahindra BeaconHill in Mahalaxmi, an ultrapremiumResidential Tower in South Mumbai".

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AI summary

Mahindra Lifespace Developers has launched Mahindra BeaconHill, an ultra-premium 58-storey residential tower in Mahalaxmi, South Mumbai. The project spans ~1.68 acres with 198 residences (3, 3.5, and 4 BHK units) and offers amenities including a simulated golf experience and rooftop lounge. The development has received RERA registration and targets both domestic and international buyers seeking South Mumbai addresses. The project carries a potential Gross Development Value (GDV) of approximately ₹1,650 crore. This marks Mahindra Lifespaces' return to the South Mumbai market, responding to strong demand for trusted brands in the region.

Likely market impact

The ₹1,650 crore GDV project signals Mahindra Lifespaces' focus on the ultra-premium residential segment in prime South Mumbai location, which could positively impact the company's revenue pipeline if sales meet expectations.