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Mahima Group

Full company profile

uuid000u1cr

Namestring
Mahima Group
Legal namestring
Mahima Group
Websiteurl
mahimagroup.com
Company typeenum
Private
Founded yearint
1989
Descriptiontext

Mahima Group is a Jaipur-based private real estate developer that has operated since 1989, with a current focus on luxury and ultra-luxury residential projects in India's Tier-2 cities. The company's flagship product is Ecovista, a luxury residential development on Main Tonk Road in South Jaipur launched in January 2025, offering 3 and 4 BHK residences on an 11,700 sq m land parcel with 80% of the site dedicated to green and open space. Phase 1 of Ecovista comprised 54 units with an estimated gross development value of Rs 2 billion and sold out within one quarter of launch; the gross development cost for the overall project is Rs 200 crore.

The company's core technical differentiator is an integrated waterproofing system embedded during the design and construction phases, supported by aluminum formwork systems, specialized concrete mix designs, and fabric mesh reinforcement applied during finishing to control moisture-seepage cracks. These methods are positioned to deliver structural durability and reduced lifecycle maintenance compared to conventional post-construction waterproofing. The company employs 251-500 people and is led by Managing Director Nikhil Madan and Chairman & Managing Director Dhirendra Madan, indicating founder- or family-led ownership with no disclosed institutional investors.

Mahima Group operates a direct-to-consumer sales model, selling premium units directly to affluent individual homebuyers via project launches and booking windows. Revenue is generated through one-time unit sales at price points targeting the Rs 1 crore+ luxury segment. The company's stated forward strategy is to develop ultra-luxury projects with world-class amenities, positioning for a higher price tier and broader Tier-2 market opportunity.

Short descriptiontext

Mahima Group is a Jaipur-based private real estate developer building luxury and ultra-luxury residential projects in Indian Tier-2 cities, targeting affluent individual homebuyers with premium low-density housing, integrated construction technology, and high green-space allocation.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
251–500
akta.pro rankint
HeadquartersJaipur, India
HQ citystring
Jaipur
HQ countrystring
India
HQ regionstring
Asia
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
luxury residential real estate, residential property development, premium housing construction, low-density housing development, green space residential projects
Industry1 code
1Spec Home / Production Homebuilding (Tract & Volume Builders)
CodeIMAFABADPrimaryYes
NAICS code2 codes
  • New Housing For-Sale Builders236117
  • Residential Building Construction2361
SIC code1 code
  • Land Subdividers & Developers (No Cemeteries)6552
Product category
Luxury Residential Real Estate
Social media profiles2 records
GTM motion2 records

Each record includes

Type, Description, Source

Revenue model2 records
1Luxury Residential Property Sales
TypeOne Time License
Description

Mahima Group generates revenue through the development and sale of luxury residential properties. The company develops projects like Ecovista, selling units at premium price points with GDV of Rs 2 billion for Phase 1 (54 units).

constructionworld.in
2Ultra-Luxury Project Development
TypeOne Time License
Description

Future growth strategy includes development of ultra-luxury projects with world-class amenities, representing potential higher-value revenue streams.

constructionweekonline.in
Marketing channels2 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Supply Chain, Operations, Infrastructure, Personnel, Marketing or Sales
Pricing details1 tier
1Luxury residential units (3 and 4 BHK)
ModelOne time/ perpetual licenseBilling cadencePay-as-you-go
Notes

Not publicly disclosed; Ecovista Phase 1 (54 units) sold at premium pricing targeting buyers seeking luxury, low-density housing.

constructionworld.in
GTM typeB2C
B2C
Offering typeServices
Services
Brand1 record
1Ecovista
Description

Luxury residential development offering spacious 3 and 4 BHK residences on Tonk Road, Jaipur, with 80% green and open spaces.

constructionweekonline.in
Core offering1 text field

Mahima Group develops and sells luxury residential properties in Jaipur, India. The flagship project Ecovista, launched in January 2025, offers premium 3 and 4 BHK low-density residences on an 11,700 sq m land parcel with approximately 80% of the area dedicated to green and open spaces. The company uses integrated waterproofing, aluminium formwork systems, specialized concrete mix design, and fabric mesh reinforcement to deliver durable, low-maintenance housing to affluent homebuyers.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 2 values shown
  • Phase 1 (54 units) sold out within one quarter of launch
+1 more record
Product overview1 text field

Mahima Group is a Jaipur-based real estate developer offering luxury residential properties. The company's primary product is the Ecovista luxury residential development, which represents its focus on premium, low-density housing with substantial green and open space allocation. The company is also developing ultra-luxury projects with world-class amenities as part of its future growth strategy.

Product and service1 record
1Ecovista
CategoryLuxury Residential Real Estate
Description

Luxury low-density residential development on Main Tonk Road, South Jaipur, offering spacious 3 and 4 BHK residences on an 11,700 sq m land parcel with approximately 80% of the area dedicated to green and open spaces. Targeted at affluent individual homebuyers and families seeking premium, low-density housing with premium amenities; Phase 1 of 54 units (gross development value of Rs 2 billion) sold out within a quarter of the January 2025 launch.

Scale indicator4 records

Each record includes

Type, Value, Description, Source

Recent move5 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight3 records

Each record includes

Type, Description

Peers10 records
1Signature Global
TypeRegional player
Description

Gurugram-headquartered Indian real estate developer with growing presence in Delhi NCR. Comparable to Mahima as an India-listed/private developer scaling in non-metro markets, though focused on affordable and mid-market rather than luxury.

2Brigade Group
TypeDirect peer
Description

South India-headquartered real estate developer with premium residential projects across multiple cities. Comparable to Mahima in residential development focus and pursuit of premium buyer segments in non-metro markets.

3Ashiana Housing
TypeEmerging player
Description

Mid-market Indian residential developer focused on quality housing in Tier-2/3 cities. Comparable to Mahima in the Tier-2 city focus and mid-premium positioning, though Ashiana operates more in the affordable-mid segment rather than luxury.

4Prestige Group
TypeDirect peer
Description

Bangalore-headquartered luxury and premium residential developer with a multi-city India footprint. Comparable to Mahima in luxury product positioning and the pursuit of differentiated amenities for affluent buyers.

5Oberoi Realty
TypeDirect peer
Description

Mumbai-headquartered Indian luxury residential developer known for premium high-end projects. Comparable to Mahima in its focus on luxury segment buyers, low-density product design, and differentiated construction quality.

6Sobha Limited
TypeDirect peer
Description

Indian residential developer distinguished by backward-integrated construction capabilities and quality control. Comparable to Mahima in its emphasis on construction-quality differentiation (e.g., formwork systems, concrete mix) and durability-driven brand positioning.

7DLF Limited
TypeBroad incumbent
Description

India's largest listed real estate developer with broad portfolio across luxury, premium, and commercial segments. Comparable to Mahima as a broad incumbent targeting similar luxury and premium buyer segments, though at significantly larger scale and across multiple cities.

8Godrej Properties
TypeBroad incumbent
Description

Major Indian listed real estate developer with a national residential portfolio including luxury projects. Comparable to Mahima in serving premium and luxury housing demand, with broader geographic and product diversification.

9Lodha Group (Macrotech Developers)
TypeDirect peer
Description

One of India's largest luxury residential developers with a focus on premium and uber-luxury housing across metros and Tier-2 cities. Comparable to Mahima in luxury positioning and growing emphasis on world-class amenities.

10Emaar India
TypeDirect peer
Description

Indian arm of UAE-based Emaar Properties focused on luxury and ultra-luxury residential developments. Comparable to Mahima in luxury segment targeting and amenity-rich product design, with international construction-quality benchmarks.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat3 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers1 record

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment2 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature4 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles2 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Mahima Group

Luxury Residential Real Estatemahimagroup.com

Mahima Group is a Jaipur-based private real estate developer building luxury and ultra-luxury residential projects in Indian Tier-2 cities, targeting affluent individual homebuyers with premium low-density housing, integrated construction technology, and high green-space allocation.

What Mahima Group does

Mahima Group is a Jaipur-based private real estate developer that has operated since 1989, with a current focus on luxury and ultra-luxury residential projects in India's Tier-2 cities. The company's flagship product is Ecovista, a luxury residential development on Main Tonk Road in South Jaipur launched in January 2025, offering 3 and 4 BHK residences on an 11,700 sq m land parcel with 80% of the site dedicated to green and open space. Phase 1 of Ecovista comprised 54 units with an estimated gross development value of Rs 2 billion and sold out within one quarter of launch; the gross development cost for the overall project is Rs 200 crore.

The company's core technical differentiator is an integrated waterproofing system embedded during the design and construction phases, supported by aluminum formwork systems, specialized concrete mix designs, and fabric mesh reinforcement applied during finishing to control moisture-seepage cracks. These methods are positioned to deliver structural durability and reduced lifecycle maintenance compared to conventional post-construction waterproofing. The company employs 251-500 people and is led by Managing Director Nikhil Madan and Chairman & Managing Director Dhirendra Madan, indicating founder- or family-led ownership with no disclosed institutional investors.

Mahima Group operates a direct-to-consumer sales model, selling premium units directly to affluent individual homebuyers via project launches and booking windows. Revenue is generated through one-time unit sales at price points targeting the Rs 1 crore+ luxury segment. The company's stated forward strategy is to develop ultra-luxury projects with world-class amenities, positioning for a higher price tier and broader Tier-2 market opportunity.

Mahima Group firmographics

Firmographics
Name
Mahima Group
Legal name
Mahima Group
Website
https://mahimagroup.com
Company type
Private
Founded year
1989
Operating status
Operating
Headcount range
251–500 employees
Short description
Mahima Group is a Jaipur-based private real estate developer building luxury and ultra-luxury residential projects in Indian Tier-2 cities, targeting affluent individual homebuyers with premium low-density housing, integrated construction technology, and high green-space allocation.
Ownership category
akta.pro rank

Mahima Group industry classification

Industry
Product category
Luxury Residential Real Estate
NAICS
New Housing For-Sale Builders (236117), Residential Building Construction (2361)
SIC
Land Subdividers & Developers (No Cemeteries) (6552)
akta.pro primary industry
Spec Home / Production Homebuilding (Tract & Volume Builders) (IMAFABAD)

Keywords

  • Luxury residential real estate
  • Residential property development
  • Premium housing construction
  • Low-density housing development
  • Green space residential projects

Where Mahima Group is headquartered

Location

Headquarters

HQ city
Jaipur
HQ country
India
HQ region
Asia

Offices1 record

Markets served

Mahima Group business model

Business model
GTM type
B2C
Offering type
Services
Cost components
Supply Chain, Operations, Infrastructure, Personnel, Marketing or Sales

Revenue model

  1. Luxury Residential Property Sales: Mahima Group generates revenue through the development and sale of luxury residential properties. The company develops projects like Ecovista, selling units at premium price points with GDV of Rs 2 billion for Phase 1 (54 units).
  2. Ultra-Luxury Project Development: Future growth strategy includes development of ultra-luxury projects with world-class amenities, representing potential higher-value revenue streams.

Pricing tiers

ModelBillingPrice
One time/ perpetual licensePay-as-you-goLuxury residential units (3 and 4 BHK)

Go-to-market motion2 records

Distribution channels1 record

Marketing channels2 records

Mahima Group product offering

Product offering

Core offering

Mahima Group develops and sells luxury residential properties in Jaipur, India. The flagship project Ecovista, launched in January 2025, offers premium 3 and 4 BHK low-density residences on an 11,700 sq m land parcel with approximately 80% of the area dedicated to green and open spaces. The company uses integrated waterproofing, aluminium formwork systems, specialized concrete mix design, and fabric mesh reinforcement to deliver durable, low-maintenance housing to affluent homebuyers.

Product overview

Mahima Group is a Jaipur-based real estate developer offering luxury residential properties. The company's primary product is the Ecovista luxury residential development, which represents its focus on premium, low-density housing with substantial green and open space allocation. The company is also developing ultra-luxury projects with world-class amenities as part of its future growth strategy.

Differentiator

Problem solved

Functional benefit

Brands

  • Ecovista: Luxury residential development offering spacious 3 and 4 BHK residences on Tonk Road, Jaipur, with 80% green and open spaces.

Products and services

  • Ecovista Luxury low-density residential development on Main Tonk Road, South Jaipur, offering spacious 3 and 4 BHK residences on an 11,700 sq m land parcel with approximately 80% of the area dedicated to green and open spaces. Targeted at affluent individual homebuyers and families seeking premium, low-density housing with premium amenities; Phase 1 of 54 units (gross development value of Rs 2 billion) sold out within a quarter of the January 2025 launch.

Quantifiable outcome

  • Phase 1 (54 units) sold out within one quarter of launch
  • +1 more outcomes

Companies that use Mahima Group

Customer profile

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Mahima Group technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature4 records

Mahima Group partnerships and signals

Strategic signal

Scale indicators4 records

Recent moves5 records

Expansion highlights3 records

Mahima Group competitors and assessment

Company assessment

Regional players

  • Signature Global: Gurugram-headquartered Indian real estate developer with growing presence in Delhi NCR. Comparable to Mahima as an India-listed/private developer scaling in non-metro markets, though focused on affordable and mid-market rather than luxury.

Direct peers

  • Brigade Group: South India-headquartered real estate developer with premium residential projects across multiple cities. Comparable to Mahima in residential development focus and pursuit of premium buyer segments in non-metro markets.
  • Prestige Group: Bangalore-headquartered luxury and premium residential developer with a multi-city India footprint. Comparable to Mahima in luxury product positioning and the pursuit of differentiated amenities for affluent buyers.
  • Oberoi Realty: Mumbai-headquartered Indian luxury residential developer known for premium high-end projects. Comparable to Mahima in its focus on luxury segment buyers, low-density product design, and differentiated construction quality.
  • Sobha Limited: Indian residential developer distinguished by backward-integrated construction capabilities and quality control. Comparable to Mahima in its emphasis on construction-quality differentiation (e.g., formwork systems, concrete mix) and durability-driven brand positioning.
  • Lodha Group (Macrotech Developers): One of India's largest luxury residential developers with a focus on premium and uber-luxury housing across metros and Tier-2 cities. Comparable to Mahima in luxury positioning and growing emphasis on world-class amenities.
  • Emaar India: Indian arm of UAE-based Emaar Properties focused on luxury and ultra-luxury residential developments. Comparable to Mahima in luxury segment targeting and amenity-rich product design, with international construction-quality benchmarks.

Emerging players

  • Ashiana Housing: Mid-market Indian residential developer focused on quality housing in Tier-2/3 cities. Comparable to Mahima in the Tier-2 city focus and mid-premium positioning, though Ashiana operates more in the affordable-mid segment rather than luxury.

Broad incumbents

  • DLF Limited: India's largest listed real estate developer with broad portfolio across luxury, premium, and commercial segments. Comparable to Mahima as a broad incumbent targeting similar luxury and premium buyer segments, though at significantly larger scale and across multiple cities.
  • Godrej Properties: Major Indian listed real estate developer with a national residential portfolio including luxury projects. Comparable to Mahima in serving premium and luxury housing demand, with broader geographic and product diversification.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

Mahima Group social profiles

Digital presence

Mahima Group financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Mahima Group leadership team

Management profile

Number of profiles

Profiles2 records

Mahima Group funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Mahima Group M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mahima Group

What does Mahima Group do?

Mahima Group develops and sells luxury residential properties in Jaipur, India. The flagship project Ecovista, launched in January 2025, offers premium 3 and 4 BHK low-density residences on an 11,700 sq m land parcel with approximately 80% of the area dedicated to green and open spaces. The company uses integrated waterproofing, aluminium formwork systems, specialized concrete mix design, and fabric mesh reinforcement to deliver durable, low-maintenance housing to affluent homebuyers.

Is Mahima Group a public or private company?

Mahima Group is a private company. It is classified as family owned and is currently operating.

When was Mahima Group founded?

Mahima Group was founded in 1989. It employs 251 to 500 people.

Where is Mahima Group based?

Mahima Group is headquartered in Jaipur, India, in the Asia region.

How does Mahima Group make money?

Two revenue lines are on record. Luxury Residential Property Sales are the primary driver. The others are ultra-Luxury Project Development.

Who are Mahima Group's main competitors?

Signature Global is listed as a regional player. Direct peers are Brigade Group, Prestige Group, Oberoi Realty, Sobha Limited, Lodha Group (Macrotech Developers) and Emaar India. Ashiana Housing is listed as an emerging player. Broad incumbents are DLF Limited and Godrej Properties.

Does Mahima Group have an API?

No public API is recorded for Mahima Group.

What industry is Mahima Group in?

Mahima Group's product category is Luxury Residential Real Estate. Its primary akta.pro industry code is IMAFABAD, Spec Home / Production Homebuilding (Tract & Volume Builders). Its NAICS code is 236117 and its SIC code is 6552.

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Live signals
www.passionateinmarketing.comMahima Group Marks 37 Years with New BenchmarkMahima Group celebrated its 37th Foundation Day at Clarks Amer Hotel, Jaipur, on September 9, 2026. The event featured the Mahima Icon Awards 2026 and a motivational session, with leadership emphasizing purposeful growth and continuous improvement. The anniversary reaffirmed the group's focus on recognizing its people and redefining benchmark.www.passionateinmarketing.comMahima Group Reports 25% Sales Growth in Q1Jaipur-based luxury real estate developer Mahima Group reported a 25% year-on-year sales growth during Q1 (April–June 2026), driven primarily by projects along the Tonk Road corridor including Mahima Sansaar (227% growth), Spring Villa (100% growth), and Palm Springs (183% growth). The Managing Director attributed the performance to increasing buyer confidence, strategic project positioning, and growing interest from outstation buyers seeking lifestyle-driven residential investments in Jaipur.Construction WorldWaterproofing BlueprintMahima Group has integrated waterproofing solutions into the design and construction phases of new real estate developments, moving away from the traditional annual pre-monsoon approach to waterproofing. The company uses aluminium formwork systems and a carefully designed concrete mix to reduce permeability and strengthen structural integrity, with fabric mesh reinforcement applied during finishing stages to control moisture-seepage cracks. Managing Director Nikhil Madan stated that this approach ensures lasting building durability while minimizing lifecycle risks and extensive maintenance costs.Construction WorldMahima Group sells out Ecovista Phase 1 in JaipurMahima Group has sold out Phase 1 of its Ecovista luxury residential project in Jaipur within a quarter of its January 2025 launch, comprising 54 units with an estimated gross development value of Rs 2 billion. Located on Tonk Road, the project targets buyers seeking premium, low-density housing with 3 and 4 BHK residences on an 11,700 sq m plot where nearly 80 per cent is allocated to green and open spaces. The company has opened Phase 2 for bookings following the sell-out, reflecting sustained demand in the South Jaipur micro-market.ConstructionweekonlineMahima Group launches EcovistaJaipur-based real estate developer Mahima Group has launched Ecovista, a luxury residential development with an estimated gross development cost of Rs 200 crore. The project will offer spacious 3 and 4 BHK residences on an 11,700 sq. metre land parcel on Main Tonk Road, with 80 percent of the area dedicated to green and open spaces. The company stated it is also developing a segment of ultra-luxury projects with world-class amenities as part of its future growth strategy.