Latest news with #MahindraLifespaceDevelopers
Business Standard
2 days ago
- Business
- Business Standard
Mahindra Lifespace bags redevelopment project in Mulund worth Rs 1,250 crore
Mahindra Lifespace Developers said that it has been appointed as the preferred developer for the re-development of a premium housing society in Mulund (West), Mumbai. The project spans across a 3.08-acre land parcel and has an estimated development value of approximately Rs 1,250 crore. The site offers excellent connectivity, being just 1.4km from the upcoming Mumbai Metro Line 5 and 0.8 km from the Goregaon-Mulund Link Road. It also provides seamless access to the Eastern Express Highway and the Mulund-Airoli Bridge, facilitating convenient travel to Navi Mumbai, and other business hubs. Vimalendra Singh, chief business officer Residential, Mahindra Lifespace Developers, said: "At Mahindra Lifespaces, our redevelopment philosophy centres around creating value for residents and the city. We aim to blend design excellence with sustainability and on time delivery. With robust connectivity and access to employment hubs in South Mumbai, Navi Mumbai and Thane, this project is poised to be a key contributor to the area's continued growth story." Mahindra Lifespaces Developers is the real estate arm of the Mahindra Group. The companys development footprint spans 41.11 million square feet (saleable area) of completed, ongoing and forthcoming residential projects across seven Indian cities; and over 5000 acres of ongoing and forthcoming projects under development / management at its integrated developments / industrial clusters across four locations. The scrip fell 1.23% to currently trade at Rs 356.80 on the BSE.
Time of India
2 days ago
- Business
- Time of India
Mahindra Lifespaces to redevelop Mulund West project worth ₹1,250 crore
NEW DELHI Mahindra Lifespace Developers MLDL), the real estate and infrastructure development arm of the Mahindra Group, has been appointed as the preferred developer for the redevelopment of a St. Pius Ten CHS society in Mulund (West), Mumbai . The project spans across a 3.08-acre land parcel and has an estimated development value of approximately ₹1,250 crore. The company recently launched Mahindra 'Codename64', a residential development in Malad (West). The project will offer 2BHK and 3BHK residences. The board of directors of the company had recently approved the appointment of Anshu Shukla as chief design officer categorised as senior management personnel with effect from June 25, 2025.
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Business Standard
2 days ago
- Business
- Business Standard
Mahindra Lifespaces to redevelop Mulund West project worth ₹1,250 crore
Mahindra Lifespace Developers, the real estate and infrastructure development arm of the Mahindra Group, has been appointed as the preferred developer for the redevelopment of a premium housing society in Mulund (West), Mumbai. The project has an estimated development potential of ₹1,250 crore. The redevelopment will span a 3.08-acre land parcel located 1.4 kilometres (km) from the upcoming Mumbai Metro Line 5 and 0.8 km from the Goregaon-Mulund Link Road. Focus on design, sustainability and timely delivery Vimalendra Singh, chief business officer – residential, Mahindra Lifespace Developers, said, 'At Mahindra Lifespaces, our redevelopment philosophy centres around creating value for residents and the city. We aim to blend design excellence with sustainability and on-time delivery. With robust connectivity and access to employment hubs in South Mumbai, Navi Mumbai and Thane, this project is poised to be a key contributor to the area's continued growth story.' Wide presence across Indian cities Mahindra Lifespaces' development footprint spans 41.11 million square feet (saleable area) of completed, ongoing and forthcoming residential projects across seven Indian cities. It also has over 5,000 acres of ongoing and forthcoming projects under development or management at its integrated developments and industrial clusters across four locations. Mulund West realty sees strong demand Between April 2024 and March 2025, Mulund West recorded 1,891 new property sale transactions with a gross sales value of Rs 3,960 crore, according to Square Yards Data Intelligence, a real estate data analytics firm. As of the first quarter of the calendar year 2025 (Q1 CY25), the property rate in the area stood at ₹34,534 per square foot, up from ₹33,779 per square foot in Q1 CY24. Other recent developments by Mahindra Lifespaces In April, the company announced its appointment as the preferred partner for the redevelopment of two residential societies in the Lokhandwala Complex, Andheri (West), Mumbai, with a gross development value (GDV) of approximately ₹1,200 crore. Mahindra Lifespaces' profit (attributable to the owners of the parent) for the fourth quarter of the financial year 2024-25 (Q4 FY25) rose 19.02 per cent year on year (YoY) to ₹85.1 crore.
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Business Standard
2 days ago
- Business
- Business Standard
Mahindra Lifespace shares up 5% on securing redevelopment project in Mulund
Mahindra Lifespace share price: Mahindra Lifespace Developers shares price was buzzing in trade on Friday, June 27, 2025, with the scrip rallying up to 4.63 per cent to an intraday high of ₹378 per share. Around 10:10 AM, Mahindra Lifespace share price was trading 1.52 per cent at ₹366.75 per share. In comparison, BSE Sensex was trading 0.08 per cent higher at 83,821.22 levels. What triggered the up move in Mahindra Lifespace share price? Mahindra Lifespace Developers share price rose after the company announced that it emerged as the preferred developer for the redevelopment of a premium housing society in Mulund (West), Mumbai. The project covers a 3.08-acre land parcel with an estimated development value of around ₹1,250 crore, the company revealed, in a statement. Vimalendra Singh, chief business officer - Residential, Mahindra Lifespace Developers, said, 'At Mahindra Lifespaces, our redevelopment philosophy centres around creating value for residents and the city. We aim to blend design excellence with sustainability and on time delivery. With robust connectivity and access to employment hubs in South Mumbai, Navi Mumbai and Thane, this project is poised to be a key contributor to the area's continued growth story.' Its prime location offers strong connectivity—just 1.4 km from the upcoming Mumbai Metro Line 5 and 0.8 km from the Goregaon-Mulund Link Road. Moreover, the site has easy access to the Eastern Express Highway and the Mulund-Airoli Bridge, ensuring easy travel to Navi Mumbai and key business districts. About Mahindra Lifespace Mahindra Lifespace Developers, the real estate and infrastructure arm of the Mahindra Group, is among India's leading developers committed to sustainable urbanisation. With a strong presence across 9 major Indian cities, the company has delivered 53 residential projects, encompassing 21.14 million square feet of completed development. It currently has 16.19 million sq ft of ongoing and upcoming projects across various segments. Mahindra Lifespaces focuses on mid-premium and affordable housing, along with integrated cities and industrial clusters, offering a diversified portfolio catering to a wide range of homebuyers and businesses. The market capitalisation of Mahindra Lifespace is ₹7,828.62 crore, according to BSE. The company falls under the BSE SmallCap index. The 52-week high of Mahindra Lifespace share is ₹594.59, while its 52-week low is ₹253.78 apiece.
Business Standard
2 days ago
- Business
- Business Standard
Mahindra Lifespace Developers bags redevelopment project in Mulund, Mumbai
With estimated development value of Rs 1,250 cr Mahindra Lifespace Developers (MLDL) announced its appointment as the preferred developer for the redevelopment of a premium housing society in Mulund (West), Mumbai. The project spans across a 3.08-acre land parcel and has an estimated development value of approximately Rs 1,250 crore. The site offers excellent connectivity, being just 1.4km from the upcoming Mumbai Metro Line 5 and 0.8 km from the Goregaon-Mulund Link Road. It also provides seamless access to the Eastern Express Highway and the Mulund-Airoli Bridge, facilitating convenient travel to Navi Mumbai, and other business hubs
