Mahindra Lifespaces and Sumitomo Corporation strengthen partnership to expand Origins by Mahindra in Chennai

Mahindra Lifespace Developers Ltd. (MLDL), the real estate and infrastructure development arm of the Mahindra Group, through its joint venture company, Mahindra Industrial Park Chennai Limited (MIPCL), today announced the execution of a Second Supplemental Agreement between Sumitomo Corporation, Japan and Mahindra World City Developers Limited (MWCDL). This agreement is for the expansion of Origins by Mahindra in Chennai with the development of Phase 2B.

Mahindra Lifespaces and Sumitomo Corporation entered into a partnership in 2015 for Phase 1 of Origins by Mahindra in Chennai. The partnership further strengthened with the expansion into Phase 2A in 2024 and has now extended to Phase 2B in July 2026.

The agreement further sets out the framework for the acquisition, transfer and development of ~95 acres of land under Phase 2B. This will further strengthen the industrial ecosystem at Origins by Mahindra.

The combined area across all phases stands at ~540 acres. Building on the strong interest shown by Japanese manufacturers in establishing operations in India, the expansion is expected to support the next wave of global and domestic investments. This will reinforce Chennai's position as a preferred industrial and logistics hub.

Mr. Amit Kumar Sinha, Managing Director & CEO, Mahindra Lifespace Developers Ltd., said, "Our partnership with Sumitomo Corporation has played an important role in creating a high-quality industrial ecosystem that serves both global and domestic manufacturers. The execution of this Second Supplemental Agreement marks another milestone in our shared vision of expanding Origins by Mahindra. It reflects our commitment to creating future-ready industrial infrastructure that supports India's manufacturing growth and strengthens Tamil Nadu's position as a leading investment destination."

Mr Vikram Goel, Chief Business Officer – Industrial, Mahindra Lifespace Developers Ltd., said, “This expansion reinforces our commitment to strengthening Origins by Mahindra as the preferred destination for businesses seeking world-class infrastructure. It also offers an ecosystem designed for long-term growth.

The project will continue to leverage the combined strength of Mahindra Lifespaces and Sumitomo Corporation in developing integrated industrial parks that provide high-quality infrastructure, efficient planning and a conducive environment for businesses to establish and expand their operations.

Shares of Mahindra Lifespace Developers Limited was last trading in BSE at Rs. 374.15 as compared to the previous close of Rs. 368.85. The total number of shares traded during the day was 7974 in over 281 trades.

The stock hit an intraday high of Rs. 377.00 and intraday low of 369.20. The net turnover during the day was Rs. 2985650.00.

Source : Equity Bulls

Keywords

MahindraLifespaceDevelopers INE813A01018 Realty RealEstate SumitomoCorporation Partnership