Choice Institutional Equities has given a strong BUY recommendation to Mahindra Lifespace Developers, with a target price of Rs 500. The brokerage house pointed out that the company has shown strong year-over-year growth in pre-sales, which rose by 71.3%, and average selling prices, which rose by 28.4%. Approvals for new projects and launches in Q4FY26 are also expected to boost the company’s performance.
The recent performance of Mahindra Lifespace Developers has drawn the attention of analysts, with Choice Institutional Equities pointing out that the company has shown strong year-over-year growth. The company’s pre-sales have risen by a substantial 71.3%, while collections have increased by 5.5%. Average selling prices have also shown a strong increase, rising by 28.4% from the previous year.
Exceptional Project Traction:
The major catalyst for this expansion is the Mahindra Blossom project in Hopefarm, Bengaluru, which registered an exceptional sales figure of INR 10 billion over a single weekend, a number which is likely to be recorded in the fourth quarter of fiscal year 2026. In addition, projects in Bhandup and Mahalaxmi are moving towards the final approval stage, which is a positive sign of a healthy pipeline. The company expects new project launches in Q4FY26.
Sustained Outlook:
Choice Institutional Equities continues to be positive on the stock and reiterates a BUY recommendation on Mahindra Lifespace Developers. The price target of Rs 500 is based on the company’s diversified business verticals, such as the Residential Business, Integrated Cities & Industrial Clusters (IC&IC), and Operations & Maintenance (O&M) business verticals. The company’s past land bank is also factored into the price target.
