We work in a few mkts, don't spread ourselves thin: Mahindra Lifespaces CEO

In a Q&A, Arvind Subramanian says his firm hopes to achieve Rs 2,500 crore residential sales a year and industrial leasing of Rs 500 crore by 2025

Aiming to achieve Rs 2,500 crore residential sales a year and industrial leasing of Rs 500 crore by 2025, Mahindra Lifespaces is eyeing the affordable housing sector in Mumbai, Pune, and Chennai, said Arvind Subramanian, Managing Director & CEO, Mahindra Lifespaces Developers Limited in an interview with Pratigya Yadav, following the company's announcement of its September quarter results. Edited excerpts:

Were there any specific reasons for the company’s loss in the second quarter?

The loss is attributable to fewer project completions. In real estate, accounting only recognises revenue when the project is completed--until then it stays on balance sheets. In the second