Mahindra Lifespaces From Homebuilder to Platform Developer Inside India's Quiet 5X Real Estate Story By Arindam Bose ⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡⬡ India's real estate sector is no longer just about selling square feet. It is about capital discipline, urban systems, sustainability at scale, and long-cycle execution. Few developers illustrate this transition better than Mahindra Lifespace Developers Ltd . Often seen narrowly as a residential player, Mahindra Lifespaces is, in reality, evolving into a platform real estate company — operating across housing, integrated cities, industrial clusters, and sustainability-led urban infrastructure. FY 2024–25 marked a structural inflection point. The Year That Changed the Trajectory Mahindra Lifespaces closed FY25 with its highest-ever Gross Development Value (GDV): ₹18,100 crore — a fourfold jump from ₹4,400 crore in FY24. This was not accidental. It was the result of: Focused land acquisitions in Mumbai, Pun...