Mahindra Group Announces Dedicated Strategic Focus on Holidays and Lifespaces Sector to Accelerate Growth
India, Aug. 10 -- Over the last 5 years, our Group has seen significant momentum across all its businesses. An important pillar of this growth has been our "Growth Gems". Several of these businesses have surpassed the 5X growth expectation over this period and are well positioned to achieve further growth.Our Real estate business, Mahindra Lifespaces, has been one of our standout Growth Gems. Since FY20, the residential pre-sales in this business have grown 5X from ~700 Cr to ~3500 Cr. In the last 3 years alone, the business has grown its gross development value (GDV) from 8K Cr to 50K Cr, which sets it up to achieve 14X pre-sales growth in this decade. The Industrial segment of the business has also delivered strong performance during this...
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