Mahindra Lifespace Developers Limited has officially announced the launch of its new residential project, ‘Mahindra Rainforest,’ located at LBS Marg, Kanjur, Mumbai. The project is being undertaken by Anthurium Developers Limited, a wholly owned subsidiary of the company. The initial phase of the launch is registered under Maharashtra Real Estate Regulatory Authority (MahaRERA) with registration numbers PM1181012502957 and PR1181012502956.

Mahindra Rainforest is designed as a premium mixed-use development spanning a vast 37-acre land parcel in the Kanjurmarg-Bhandup corridor. The project is inspired by nature and features 12 high-rise towers rising up to 51 storeys, offering a mix of 1, 2, and 3 BHK luxury residences with efficient layouts ranging from 400 to 1,280 sq. ft.. Residents will have access to over 30 modern lifestyle amenities, including a 15,000 sq. ft. clubhouse, swimming pools, and landscaped green zones, all aimed at providing a balanced urban retreat.

Established in 1994, Mahindra Lifespace Developers is the real estate arm of the Mahindra Group, focusing on sustainable urbanisation through residential projects and integrated industrial clusters like ‘Mahindra World City’. In recent updates from 2025, the company secured a major redevelopment mandate in Matunga with a GDV of approximately ₹1,010 crore and signed an MoU with Tata Projects to enhance construction efficiency. Furthermore, the company successfully completed a rights issue in June 2025, raising ₹1,496.28 crore to fund future acquisitions and debt repayment.

For the third quarter of FY25 (ending December 31, 2024), Mahindra Lifespace reported a consolidated total income of ₹185.8 crore, a significant increase from ₹16.0 crore in the previous quarter (Q2 FY25) and ₹88.8 crore in the corresponding quarter of the previous year (Q3 FY24). Despite the revenue growth, the company reported a consolidated loss of ₹22.5 crore for Q3 FY25. However, by the second quarter of FY26 (September 2025), the company turned profitable with a net profit of ₹47.91 crore. Famous institutional investors in the company include Kotak Pioneer Fund, SBI ELSS Tax Saver Fund, and ICICI Prudential ELSS Tax Saver Fund, with the promoter, Mahindra & Mahindra, holding a 52.41% stake as of December 2025.