Latest news with #MahindraLifespaces
Business Upturn
07-07-2025
- Business
- Business Upturn
Mahindra Lifespace shares rise nearly 2% today as company launches new residential tower in Pune with Rs 2,500 crore GDV
By Aditya Bhagchandani Published on July 7, 2025, 09:52 IST On Monday, 7th July, shares of Mahindra Lifespace Developers Ltd climbed 1.62% to trade at ₹367.40 on the NSE, gaining ₹5.85 from the previous close of ₹361.55. The stock moved higher after the company announced the launch of a new residential tower at its Mahindra Citadel project in Pimpri-Chinchwad, Pune, with a gross development value (GDV) of approximately ₹2,500 crore. On 4th July, Mahindra Lifespaces informed exchanges about the launch of Mahindra Citadel – Tower L, which will feature premium 1 BHK homes catering to young professionals, nuclear families, and first-time homebuyers. The project is part of a larger 9.66-acre development that has already seen robust demand in its earlier phases. The tower, located next to the Sant Tukaram Metro Station, offers thoughtfully designed homes with IGBC Gold pre-certification, energy-efficient features, landscaped green zones, a clubhouse, jogging track, and other amenities. With proximity to the Old Mumbai-Pune Highway, residents benefit from excellent connectivity and access to schools, hospitals, and entertainment hubs. Vimalendra Singh, Chief Business Officer (Residential), stated that the strong demand at Mahindra Citadel reinforces their confidence in Pimpri-Chinchwad as a high-potential market. He added that the new tower expands the company's offerings to a wider demographic of homebuyers. Mahindra Lifespaces, a part of the Mahindra Group, has a development footprint of 47.56 million sq ft of residential projects across seven Indian cities and over 5,000 acres under integrated developments and industrial clusters. The company aims to deliver only Net Zero homes from 2030 onwards and is actively pursuing sustainability goals. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
India.com
04-07-2025
- Business
- India.com
Mukesh Ambani, Nita Ambani's Antilia no longer tallest building in…, this group competing with India's richest person, built 43-storey…
(File) Mukesh Ambani's Antilia: Mukesh Ambani's famous 27 storey Antilia, is no longer the tallest building in Mumbai. Lodha Group has constructed a 195-metre-tall skyscraper named as Lodha Altamount on Altamount Road in South Mumbai, which is taller than Antilia in height. The 43-storey tower offers 5-star amenities, eye pleasing views, and ultra-luxury apartments that are priced in crores. It is designed by architect Hadi Teherani. Mukesh Ambani's No Longer Mumbai's Tallest Building While Antilia is one of the most renowned skyscraper residences globally, it has now been overtaken in height. The newly built Lodha Altamount now is taller on the same Altamount Road in South Mumbai. This luxury residential apartment is located opposite to the world-famous Antilia. It is also made of modern design, and in a prime location. Lodha Altamount Mumbai's Tallest Building Lodha Altamount is of 195 metres (around 640 feet) and has 43 floors with around 52 residential units. It is developed by the Lodha Group and was completed in 2018. The building has features like an all-glass black façade and modern appearance. It also has 5-star amenities like a swimming pool, gym, spa, and high-speed elevators. Each apartment has unique views of the Arabian Sea and Mumbai's skyline. It is now the 68th tallest building in India. Lodha Altamount Apartment Prices According to media reports, in 2015, a 10,000 sq. ft. apartment in this building was sold for Rs 160 crore (1.6 billion) which was a record at the time for the highest per square foot price in India. It's at a premium location and prices are extremely high; a 2,952 sq. ft. flat was reportedly sold for Rs 38.08 crore. The tower was built on the site of the former Washington House, the official residence of the U.S. Consul General which was spread at 2,702 square metres. In 2012, the Lodha Group purchased this land from the U.S. Consulate for Rs 341.8 crore, outbidding Mahindra Lifespaces and Tata Housing.
India.com
03-07-2025
- Business
- India.com
Mukesh Ambani and Nita Ambani's Rs 150000000000 ultra-luxurious Antilia is no longer tallest skyscraper in Mumbai, the title goes to...., owner is...
How many helipads and lifts are in Mukesh Ambani and Nita Ambani's Rs 15000 crore Antilia? The figures will SHOCK you Mukesh Ambani's Rs 15000 crore Antilia, which did hold the title of being one of the world's most iconic skyscrapers, is no longer the tallest to grace South Mumbai's skyline. According to several news reports, a new tower has been built, taller than Antilia, directly across Altamount Road by the Lodha Group, and it now stands face-to-face with Antilia. Mukesh Ambani and Nita Ambani's ultra luxurious mansion Antilia is no longer the tallest skyscraper in Mumbai! Lodha Altamount is an ultra-premium, postmodern luxury tower noted for its stunning architecture, contemporary approach, and super-luxury location. This new design, which sits directly across the road from Antilia, continues the legacy of arguably the most exclusive area of Mumbai. Who owns this Ultra-luxurious Mumbai skyscraper, which is taller than Rs 15000 crore Antilia? The owner is… Lodha Altamount, a gigantic tower built by Lodha Group, is located close to Gowalia Tank at Altamount Road, South Mumbai. It has a height of about 195 meters (640 feet), has 43 floors, and has about 52 residential apartments. The architectural design for the building was by the famous and well-known architect Hadi Teherani and was completed entirely in 2018. It is owned by politician and property magnate Mangal Prabhat Lodha, who founded the group in Mumbai in 1980. 43 floors, 52 residential apartments; key features of the Ultra-luxurious Mumbai skyscraper A remarkable all-glass black exterior gives Lodha Altamount an attractive, modern, and sleek look. The intention of the designer is to create a luxury living experience. Hence, the building is supplied with a 5-star hotel-like experience, with swimming pools, gyms, spas, and high-speed elevators. The apartment has been designed to provide excellent views of the Arabian Sea and the Mumbai skyline. This tower ranks as the 68th-tallest building in India. As per media reports, a 10,000 sq. ft. apartment in this building was sold for Rs 160 million (Rs 16 crore) in 2015. Naturally, this location results in very high prices, a typical example being a flat measuring 2,952 sq. ft. selling for Rs 38.08 crore. The tower was built on the site of Washington House, the former home of the U.S. Consul General, which measured 2,702 square meters. In 2012, Lodha Group paid Rs 341.8 crore to buy the land from the U.S. Consulate, after a bidding competition against other developers, including Mahindra Lifespaces and Tata Housing.
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Business Standard
02-07-2025
- Business
- Business Standard
Affordable housing launches to remain muted despite rate cuts, tax benefits
While demand for sub ₹50-lakh affordable housing prevails, market players cite increased land rates, escalated construction costs and low margins as key prohibiting factors Prachi Pisal Gulveen Aulakh Mumbai/ New Delhi Listen to This Article Affordable housing supply across India is likely to remain muted in the coming quarters despite the repo rate cut of 100 basis points since February, income tax-related benefits announced in this year's Budget and the extension of Pradhan Mantri Awas Yojna (PMAY), according to industry executives and sector watchers. While demand for sub ₹50-lakh affordable housing prevails, market players cite increased land rates, escalated construction costs and low margins as key prohibiting factors. Some like Mahindra Lifespaces are moving out of the segment, while others are reducing their share of the housing portfolio dedicated to affordable housing. 'The viability of
Time of India
30-06-2025
- Automotive
- Time of India
India poised to be global manufacturing hub, says Mahindra Group
India is uniquely positioned to emerge as a global manufacturing powerhouse amid rising geopolitical and economic challenges, according to Anish Shah, CEO and Managing Director of Mahindra & Mahindra Group . In the company's Annual Report for FY25, Shah highlighted India's growing infrastructure, young workforce, and favorable policy environment as key drivers of this transformation. 'The current geopolitical and economic landscape is challenging, with persistent headwinds across continents. Yet, India stands uniquely poised to emerge as a global manufacturing powerhouse,' Shah said, addressing shareholders. He emphasised that Mahindra, now in its 80th year, remains anchored in its values while aligning growth with the India story. 'We operate in 70 per cent of the country's GDP and are aligned with the opportunities this dynamic economy offers,' he said. Shah on Mahindra's performance Shah highlighted strong performance across Mahindra's portfolio, particularly its 'growth gems,' which are scaling rapidly and targeting 5x growth. Key contributors include Mahindra Lifespaces with green building developments, renewable energy venture Susten and its InvIT, and the last mile mobility business driving 3-wheeler electrification. Mahindra Logistics and Club Mahindra continue to deliver greater customer value, while Trucks & Buses and Aerostructures are charting aggressive growth. Emerging businesses like Accelo, Classic Legends, and Car & Bike are also poised to create long-term value. FY25 was described as an exceptional year for the group, with revenue rising 14 per cent to ₹1,59,211 crore and profit after tax (PAT) increasing 20per cent to ₹12,929 crore. Mahindra's auto and farm equipment businesses gained market share and improved profitability, while the launch of its Electric Origin SUV line marked a major milestone in India's EV journey. Tech Mahindra strengthened client relations and improved margins, and Mahindra Finance delivered a 33 per cent profit growth, further bolstering the group's performance.
