StockWatch
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Residential- Commercial Projects
Expansion22 Jul 2026, 09:50 pm

Mahindra Lifespaces Expands Origins by Mahindra Chennai with Phase 2B

AI Summary

Mahindra Lifespace Developers Ltd. (MLDL), through its joint venture Mahindra Industrial Park Chennai Limited (MIPCL), has executed a Second Supplemental Agreement with Sumitomo Corporation, Japan. This agreement facilitates the expansion of 'Origins by Mahindra' in Chennai with the development of Phase 2B, covering approximately 95 acres. This expansion, building on a partnership that began in 2015, aims to further strengthen the industrial ecosystem and support global and domestic investments, reinforcing Chennai's position as an industrial hub. The total area across all phases will now be approximately 540 acres.

Key Highlights

  • MLDL and Sumitomo Corporation expand Origins by Mahindra in Chennai.
  • Agreement for development of Phase 2B, covering ~95 acres.
  • Total project area increases to ~540 acres.
  • Aims to support manufacturing growth and investments in India.
  • Strengthens Chennai's role as an industrial and logistics hub.