Mahindra Lifespace Lists WestEra Santacruz West, Navrat Among FY27 Launches

What happened

Mahindra Lifespace Developers presented its Q2 and H1 FY27 results on 22 October 2026. Residential pre-sales were the main highlight. In the same presentation, the company listed its planned launches for the coming months, including WestEra in Santacruz West, Mumbai, and Navrat, a greenfield project expected in the second half of FY27.

As of 23 October 2026, WestEra has not been launched. The company has not yet announced a price or RERA registration number for it.

Results at a glance

• H1 FY27 residential pre-sales reached INR 1,988 crore, up 66% year-on-year from INR 1,200 crore in H1 FY26.
• Q2 FY27 residential pre-sales were INR 1,063 crore, up 41% year-on-year, with a saleable area of 0.69 million sq ft.
• Consolidated residential and IC&IC sales for H1 FY27 were INR 2,101 crore, up 48% from the prior-year period.
• Gross development value additions were INR 7,100 crore in H1 FY27, against INR 5,200 crore in H1 FY26.
• Consolidated net profit for Q2 FY27 was INR 16.34 crore, down from INR 47.91 crore in the year-ago quarter. Business Standard reported the fall as 66%.
• Q2 FY27 revenue from operations (Ind AS) was INR 32.42 crore.
• Consolidated net debt to equity stood at -0.28, which indicates a net cash position.
• Management's FY27 residential pre-sales target is INR 4,500 crore to INR 5,000 crore.

WestEra: project status

Management described WestEra as a redevelopment project. On the earnings call, Vimlendra Singh, Chief Business Officer (Residential), answered questions on the project.

• The company has received the Intimation of Disapproval (IOD) and is going through what it called the PAAA process.
• The company has concluded and registered the development agreement.
• Management said it was targeting the end of the coming quarter for WestEra, and that the end of Q3 FY27 (December 2026) is when it expects to receive a significant amount of approvals.
• An earlier timeline showed the project in FY 2029. Management said it is working to bring that forward.

In January 2023, the company was selected as preferred partner to redevelop two adjacent residential societies in Santacruz West, with revenue potential of around INR 500 crore, according to a Business Standard report. The company's disclosures do not tie that deal to WestEra by name.

Wider pipeline

Management named Sai Baba Nagar in Borivali, a redevelopment project pending approvals, which it expects to receive by the end of Q3 or in mid-Q4 FY27. It also named Rivenza in Mahalunge, Pune, which was launched in early October 2026 with an overall gross development value of about INR 3,500 crore across 13.46 acres.

On the call, management said it expects three more projects to receive approvals: two redevelopment projects and one greenfield project. An analyst asked how to think about the second-half run rate, with Mahalunge, Sai Baba, Navrat and WestEra expected to launch within the next half year.

Company scale

Mahindra Lifespaces reported a development footprint of 53.30 million sq ft (saleable area) across completed, ongoing and forthcoming residential projects in seven Indian cities, based on FY26 figures. A January 2023 report said the company had developed more than 10.77 million sq ft in the Mumbai Metropolitan Region. The company also runs residential brands including Mahindra Lifespaces and Mahindra Happinest.

What it means for buyers and investors

WestEra is not yet launched, so no sale price, unit configuration or possession date has been confirmed by the company. Its launch depends on approvals that management expects by the end of December 2026. Management has said these timelines depend on approvals and launch readiness.

For buyers, the key items to check at launch are the RERA registration number, the approved plan and the sale agreement terms. For investors, the results show strong pre-sales growth alongside lower quarterly profit, and a launch timeline that rests on approvals still in progress.

What comes next

• WestEra: launch targeted within 2-3 months of 22 October 2026, subject to approvals expected by end-Q3 FY27.
• Sai Baba Nagar, Borivali: approvals expected by end-Q3 or mid-Q4 FY27.
• Navrat: greenfield project expected in H2 FY27.

These timelines are company targets as of 22 October 2026 and depend on approvals.