Mahindra Lakewoods Phase IV Opens Bookings in Mahindra World City, Chennai

Mahindra Lifespaces Opens Bookings for Lakewoods Phase 4 in Mahindra World City

Mahindra Lifespaces has launched Phase IV of its Lakewoods township, a set of premium 2 BHK and 3 BHK apartments inside Mahindra World City on the GST Road corridor in Chengalpattu, Chennai. The project is registered under TNRERA35BLG03002026, and the developer's sales team is taking bookings now. Lakewoods Phase 4 is built across Towers F and G, with 166 apartments in total.

The Story

Tamil Nadu's real estate regulator registered Towers F and G on 31 August 2026, and Mahindra Lifespaces announced the Phase IV launch on 1 September 2026. Phase IV is the fourth phase of Mahindra Lakewoods, a township that spreads nine towers across about 9.33 acres. Each of the two new towers carries 83 apartments. The configurations are 2 BHK homes of 1,078 sq ft and 3 BHK homes of 1,478 sq ft. Pricing for Phase IV is shared on enquiry, and the developer is also offering pre-launch schemes and payment plans through its sales team and partner banks. The RERA possession date is 31 January 2030, while the developer's own expected possession date is December 2028. That gap of about a year between the two dates is worth keeping in mind when you plan your loan and rent-out timeline.

What This Means If You're Buying

For a buyer, the news means a new block of inventory has entered the market in one of Chennai's few planned integrated townships, and it is priced by enquiry rather than by a published rate card. That makes comparison harder, so ask for the full cost sheet early. Charges listed separately include car parking, legal charges, clubhouse charges, maintenance deposit, water and TNEL charges, and preferred location charges. Stamp duty for a first sale from a developer in Tamil Nadu is 4% up to Rs 50 lakh, 5% from Rs 50 lakh to Rs 3 crore and 7% above Rs 3 crore. Registration is 2%. GST on under-construction flats is 5% without input tax credit. For a buyer who wants to plan the loan, the lenders listed for Lakewoods include construction-linked plans of up to 90% of the cost.

For investors, the locality's numbers matter. The Chengalpattu average asking price was Rs 6,600 per sq ft in the December 2025 quarter, and typical rents there were about Rs 26,400 a month for a 2 BHK and Rs 30,000 for a 3 BHK.

Synergy Infracon's Take

We read this launch as a sign that the developer is confident in demand inside Mahindra World City. The township is home to more than 65 global corporates and several special economic zones, so a large share of buyers here work within walking distance. What we like about Phase IV is its layout: apartments have no common walls, each home has a private deck, and units overlook the lake, the hills or the podium. The 3.8-acre vehicle-free podium adds to the appeal for families with children. The honest caveat is connectivity. Paranur railway station sits inside the township, and Chennai International Airport is about 35 km away, roughly a 30-minute drive. But the Kilambakkam to Mahindra World City elevated corridor, estimated at Rs 2,950 crore, is still at the planning stage with tenders expected, and the proposed metro link is not yet built. Buyers who need a fast commute to central Chennai should weigh that before committing.

What We'd Advise Right Now

• Ask the sales team for the Phase IV price sheet for both 2 BHK and 3 BHK, and compare the per-sq-ft figure against the Chengalpattu average of Rs 6,600 per sq ft.
• Check the carpet area before you compare. The 2 BHK has 751 sq ft of carpet area and the 3 BHK has 1,014 sq ft, against built-up sizes of 1,079 and 1,478 sq ft.
• Budget for the extras in the cost sheet, including car parking, stamp duty, registration, GST and the maintenance deposit, rather than only the headline price.
• Visit the site and walk the podium and the Mahindra World School and commercial centre area to judge daily life for yourself, and time the drive to your workplace at peak hours.
• Track the Kilambakkam corridor tender and metro decisions before you rely on them for resale value, and treat them as upside rather than a certainty.

Related Projects We Cover

• The earlier Lakewoods towers H and I in Mahindra World City, which offer 2 BHK and 3 BHK homes from 1,079 to 1,478 sq ft and are the nearest reference for how this township's pricing has moved.
• Mahindra Aqualily in Mahindra World City, a larger 3 and 4 BHK option for buyers who want more space within the same integrated city.
• Chengalpattu on the GST Road corridor, the locality that will benefit most from the planned elevated road and metro links.

Full project details: Lakewoods Phase 4