Mahindra Lifespaces Developers Ltd (MLDL) and Japan's Sumitomo Corporation have expanded their partnership to develop the next phase of Origins by Mahindra, an industrial and logistics park in Chennai. According to reports from Business Standard, Mahindra Lifespaces, through its joint venture with Sumitomo — Mahindra Industrial Park Chennai Ltd (MIPCL), has executed a second supplemental agreement for the development of Phase 2B of Origins by Mahindra. The latest development reinforces Chennai's position as a preferred industrial and logistics hub, building on the strong interest shown by Japanese manufacturers in establishing operations in India.
Under the agreement, the partners will acquire, transfer and develop around 95 acres of land as part of the Phase 2B expansion. As reported by Business Standard, with this addition, the total area planned across all phases of Origins by Mahindra will increase to around 540 acres. The agreement has been signed between Sumitomo Corporation and Mahindra World City Developers Limited (MWCDL), an 89:11 joint venture between Mahindra and the Tamil Nadu Industrial Development Corporation Limited (TIDCO). This expansion is expected to support the next wave of global and domestic investments, with the combined area across all phases standing at approximately 540 acres.
According to the company, MWCDL holds 60 per cent of the total equity shareholding in MIPCL, while the remaining 40 per cent is held by Sumitomo Corporation. As reported by Business Standard, Sumitomo is an integrated trading and business investment company. The collaboration builds on the strong interest shown by Japanese manufacturers in establishing operations in India, with the expansion expected to support the next wave of global and domestic investments.
Amit Kumar Sinha, managing director and chief executive officer of Mahindra Lifespace Developers, stated that the partnership with Sumitomo Corporation has played an important role in creating a high-quality industrial ecosystem that serves both global and domestic manufacturers. According to Business Standard, he emphasized that the execution of this second supplemental agreement marks another milestone in their shared vision of expanding Origins by Mahindra, reflecting their 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., added that this expansion reinforces their commitment to strengthening Origins by Mahindra as the preferred destination for businesses seeking world-class infrastructure.
Shares of Mahindra Lifespace Developers Limited were trading at ₹374.15 on BSE compared to the previous close of ₹368.85, with a total of 7,974 shares traded across 281 trades. The stock hit an intraday high of ₹377.00 and intraday low of ₹369.20, with a net turnover of ₹29.86 lakh. The market response reflects investor confidence in the company's expansion strategy and the strengthening of the Origins by Mahindra industrial ecosystem.
