Mahindra Lifespace Developers Limited has informed the Exchange regarding a press release dated August 14, 2025, titled "Mahindra Lifespaces launches 166 premium residences at Lakewoods, Mahindra World City, Chennai".
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Mahindra Lifespace Developers announced the launch of new premium residential towers H & I at its Lakewoods project within Mahindra World City, Chennai on August 14, 2025. The launch adds 166 spacious 2 & 3 BHK units to the existing 9.33-acre Lakewoods development. The project is IGBC Platinum pre-certified and registered with the Tamil Nadu RERA. Amenities include a swimming pool, gym, jogging track, kids' play area, and select units feature private decks overlooking the lake or hills. The company highlighted its broader portfolio of 49.26 million sq. ft. of residential projects across seven Indian cities and its commitment to building only Net Zero homes from 2030 onwards.
This is a routine new project launch that expands the company's residential inventory in a key Chennai market, supporting future revenue recognition. No immediate material impact on stock price expected, though it reinforces the company's ongoing development pipeline.