Mahindra Lifespace Developers has announced the launch of 'Mahindra BeaconHill', an ultra-premium residential tower situated in Mahalaxmi, South Mumbai. Registered with the Maharashtra Real Estate Regulatory Authority (RERA Registration No. PM1170002600357), with RERA approval received on 6th May 2026 at 2:00 pm, the project carries a potential Gross Development Value of approximately ₹1,650 crore, underscoring the company's strategic focus on the premium residential segment in one of India's most prestigious real estate markets.

Project Overview

Mahalaxmi, located in South Mumbai, is widely regarded as one of the city's prime residential destinations, known for its connectivity, heritage, and upscale living environment. Mahindra BeaconHill rises as a standalone 58-storey architectural landmark set across approximately 1.68 acres, envisioned for a select few who value privacy, scale, and exclusivity. The project comprises 198 expansive residences, offering 3, 3.5, and 4 BHK homes designed to maximise natural light and cross ventilation, with expansive layouts, decks, and panoramic views of the sea, the iconic Mahalaxmi Racecourse, and Mumbai's skyline.

Key details of the project are outlined below:

Amenities and Design

Rooted in Mahindra Lifespaces' commitment to sustainable and future-ready development, Mahindra BeaconHill integrates thoughtful design with environmental sensitivity. The project features over 32,000 sq. ft. of curated amenities, including a first-of-its-kind simulated golf and bicycle experience and a signature rooftop lounge offering panoramic views of the city and sea. The development is designed to deliver a holistic, experience-led lifestyle for discerning homebuyers seeking a prestigious South Mumbai address.

Management Commentary

Commenting on the launch, Vimalendra Singh, Chief Business Officer – Residential, Mahindra Lifespace Developers Limited, said, "Mahindra BeaconHill marks our return to South Mumbai, a market that has always valued quality and long-term value. There has been strong demand for a trusted and credible brand like Mahindra Lifespaces in the region, and this development underscores our commitment to delivering homes that combine thoughtful design, exclusivity, and lasting relevance. Today's discerning homebuyers seek modern homes, privacy, and environments that elevate everyday living. With Mahindra BeaconHill, we are catering to this shift through a low-density, design-led offering crafted for a select few."

Strategic Significance

Located at the heart of South Mumbai's luxury residential corridor, Mahindra BeaconHill benefits from proximity to key business hubs, premium social infrastructure, and cultural landmarks. The project's potential Gross Development Value of approximately ₹1,650 crore reflects the scale and premium positioning of the development. This launch adds a notable asset to Mahindra Lifespaces' portfolio, which spans 53.65 million sq. ft. (saleable area) of completed, ongoing, and forthcoming residential projects across seven Indian cities, alongside over 5,000 acres of ongoing and forthcoming integrated developments and industrial clusters across four locations.

Sustainability Commitment

As a pioneer in Net Zero homes in India, Mahindra Lifespaces is committed to building only Net Zero homes from 2030 onwards. The company has already launched India's first three Net Zero residential developments — one Net Zero Energy and two Net Zero Energy+ Waste — showcasing its dedication to environmental responsibility and innovation. With a 100% Green portfolio since 2014, the company is working towards carbon neutrality by 2040 and actively supports research on green buildings tailored to climatic conditions in India. Mahindra Lifespaces has received over 90 awards for its projects and ESG initiatives.

Mahindra Lifespaces Developers has announced its audited consolidated financial results for the quarter and year ended 31 March 2026, along with a dividend recommendation. The board, which met on 28 April 2026, approved the results and recommended a final dividend of ₹3.50 per share on equity shares of ₹10 each, representing 35%, subject to member approval at the forthcoming annual general meeting.

Financial Performance Summary

The company reported significant growth in consolidated financial metrics for both the fourth quarter and full fiscal year 2026. Total income (including other income) reached ₹72,321 lakhs for Q4FY26, compared to ₹5,544 lakhs in the corresponding quarter of the previous year. For the full year FY26, total income stood at ₹126,596 lakhs, up from ₹46,387 lakhs in FY25.

Profitability and Earnings

Profit after tax for the quarter ended 31 March 2026 was recorded at ₹9,012 lakhs, while the full-year profit after tax reached ₹29,817 lakhs. The share of profit from joint ventures and associates contributed ₹8,348 lakhs in Q4FY26 and ₹34,891 lakhs for the full year, significantly boosting overall profitability. Basic earnings per share for FY26 stood at ₹14.64, compared to ₹3.63 in the previous fiscal year.

Dividend Declaration

The board has recommended a final dividend of ₹3.50 per share, maintaining the company's commitment to shareholder returns. This dividend is subject to approval by shareholders at the upcoming annual general meeting. The recommendation reflects the company's improved financial performance and its focus on distributing value to investors who have supported its growth trajectory.

The financial results were reviewed by the Audit Committee and approved by the Board of Directors on 28 April 2026. The consolidated financial results for the quarter ended 31 March 2026 were subject to limited review, while the full-year results were audited by statutory auditors.