Mahindra Lifespace and Sumitomo Corporation Expand Origins by Mahindra in Chennai with Phase 2B Development
Mahindra Lifespaces Developers Limited, through its joint venture Mahindra Industrial Park Chennai Limited (MIPCL), has executed a Second Supplemental Agreement with Sumitomo Corporation, Japan. This strategic move marks the expansion of Origins by Mahindra in Chennai through the development of Phase 2B.The agreement strengthens the partnership that began in 2015 when Mahindra and Sumitomo Corporation first initiated Phase 1 of Origins by Mahindra in Chennai. The industrial ecosystem has since grown with expansions into Phase 2A in 2024, leading to this current agreement for Phase 2B in July 2026.
The Second Supplemental Agreement outlines the framework for acquiring and developing approximately 95 acres of land designated for Phase 2B. This expansion aims to reinforce the industrial ecosystem at Origins by Mahindra, supporting the next wave of domestic and global investments. The total combined area across all phases currently stands at about 540 acres.
This initiative is set to bolster Chennai's position as a leading hub for both industrial and logistics operations in India.
Partnership Commitment and Future Outlook
Executives from Mahindra Lifespace emphasized that the partnership with Sumitomo Corporation is crucial in creating a high-quality industrial ecosystem for manufacturers globally and domestically.Mr Amit Kumar Sinha, Managing Director & CEO of Mahindra Lifespaces Developers Ltd., stated that the Second Supplemental Agreement represents a major milestone in their shared vision to expand Origins by Mahindra. He noted that it reflects their dedication to developing future ready industrial infrastructure, supporting India's manufacturing growth and strengthening Tamil Nadu as an investment destination.
Mr Vikram Goel, Chief Business Officer - Industrial at Mahindra Lifespace Developers Ltd., added that the expansion reinforces their commitment to establishing Origins by Mahindra as a preferred destination for businesses seeking long term growth. He highlighted that the project will continue leveraging the combined strength of both companies to create integrated industrial parks offering high quality infrastructure and a conducive environment for business establishment.
The scope of the development is summarized below:
| Development Aspect | Detail |
|---|---|
| Core Project | Origins by Mahindra, Chennai |
| Latest Phase Expansion | Phase 2B (Second Supplemental Agreement) |
| Land Acquired for Phase 2B | Approximately 95 acres |
| Total Combined Area Across All Phases | Approximately 540 acres |
The development contributes to the industrial portfolio of Mahindra Lifespace Developers Limited, which manages integrated developments and industrial clusters across four locations. The company's overall footprint includes over 5000 acres of ongoing and forthcoming projects under development or management within its integrated industrial clusters.
MAHLIFE Stock Price Movement
Mahindra Lifespace Developers Limited shares gained 1.56% on Wednesday, successfully closing at ₹374.10 after a strong session. The stock saw robust activity in the market, recording a traded volume of 168,313 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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