India, Aug. 10 -- The Mahindra Group has announced a dedicated strategic focus on its Holidays and Lifespaces businesses to accelerate growth and unlock operational synergies between the two segments.
Mahindra Lifespaces has emerged as one of the Group's key growth businesses, with residential pre-sales increasing nearly 5-fold from around Rs 700 crore in FY20 to Rs 3,500 crore. Its gross development value (GDV) has also risen from Rs 8,000 crore to Rs 50,000 crore over the last three years. The business turned profitable, reporting around Rs 300 crore profit in the previous financial year.
Meanwhile, Mahindra Holidays has more than 3 lakh vacation ownership members and has added over 1,700 rooms. The company is also expanding into leisur...