&w=3840&q=100)
Mahindra Lifespace shares up 5% on securing redevelopment project in Mulund
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.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hindustan Times
9 minutes ago
- Hindustan Times
US policy on India is confusing; Trump an aberrational president: Ex-NSA John Bolton
Former Trump national security adviser John Bolton criticised Washington's 'confused' policy on India, questioning the 25% penalty on India for purchasing Russian energy while China faces no sanctions. In an interview with HT, Bolton acknowledged that the India-US relationship is for the time being in 'a very bad place' and believes Trump is an 'aberrational president' as he stressed on the need for efforts to limit damage to bilateral ties for the US President's remaining term. Former US national security adviser John Bolton speaks at a panel hosted by the National Council of Resistance of Iran – US Representative Office (NCRI-US) at the Willard InterContinental Hotel in Washington, DC, on August 17, 2022. (Getty Images) Q. Former ambassador Bolton, just a couple of months ago, India was a close strategic ally of the United States. Now things seem to have changed entirely—a 180-degree turn. As President Trump's former National Security Advisor, can you channel some of his thinking on India? A. Well, I think it's unfortunately very confused. The first level of concern is the tariffs that emerged out of the so-called Liberation Day tariffs in April, where Indian negotiators were working to try and get a mutually satisfactory arrangement, and Trump kind of pulled the plug without warning and said the tariffs would be at 25%. The second matter is the 25% addition to that tariff because of purchases of Russian oil and gas. It turns out that Russia has not faced any new sanctions. China has not faced any new sanctions, notwithstanding the fact that they were the major purchasers of Russian oil and gas. India has been singled out. I wish India didn't buy oil and gas from Russia, because I think it's in the interest of India as well as the United States to recognise the threat posed by China, the growing axis between China and Russia, and the threat that poses globally. Leaving India hanging out to dry as the only country to which punitive action has been taken obviously leads a lot of people to conclude that the United States has given up on India, and I do worry that India is being driven closer to Russia and China. It's just part of the aberrational Trump presidency. But it's a very bad place for the relationship at the moment. Q. Treasury secretary Scott Bessent has come down hard on India for buying Russian energy. India has pushed back defending its position. Can you speak to that criticism? A. Secretary Bessent isn't very experienced in international affairs, and I don't think he sees the growing axis between China and Russia. The complaint is that India took some of the gasoline it was buying from Russia, perhaps refined it and sold it internationally. That's a complaint worth discussing. But the sanctions as written do not preclude anyone, including India, from buying Russian oil at the capped price, or below $60/barrel, and then selling it elsewhere. If that's the complaint, the complaint lies with the sanctions, not so much with India's behaviour. What India did isn't prohibited. Q. There are many in India questioning whether trust in the US has been strained beyond repair after the last few months. What would you say to them? A. Unfortunately, what Trump has done on tariffs is destroying decades of effort with India and many others to build up good faith and reliance, and it will take time to repair that. But here's what's important: Trump is aberrational. I don't know any other Republican or Democrat who ran for president who if elected would behave anything like this. Trump doesn't have a philosophy, so there's no legacy for his successors. Our objective should be to keep the damage to the relationship at a minimum, and then think about how to repair it quickly thereafter. When Trump leaves, he'll take almost the bulk of this history with him. Q. Regarding China, we've seen President Trump and his team push for a deal with the Chinese, but policy seems confused at times. What is Trump's China policy? A. It's confused. In the first term, Trump wanted the biggest trade deal in history with China. Deadlines for tariffs on China have already been extended 180 days. China hasn't faced secondary sanctions on its purchase of Russian oil and gas. If you want a trade war, we should have teamed up and had a trade war with China, because they're the worst actor in international economics. They steal intellectual property, subsidise companies, don't open their market even when they claim to. It's hard to explain why he gives China this much leeway. Q. Lastly, what do you see happening going forward? Are you optimistic that India and the US could return to normalcy? A. I think a couple things will need to happen. We need continued conversations between non-governmental Indians and Americans, so people see that what's happening at the top isn't reflective of what the whole country thinks. Modi should wait for the right moment, perhaps at the UN General Assembly in New York in September, to meet Trump one-on-one and clear the air. Before the tariff problem, Trump and Modi had a good personal relationship, which is central to Trump's view of state-to-state relations. That asset remains, and if deployed effectively, could be a step toward recovery.
India.com
9 minutes ago
- India.com
Canada Wins The Race: Why Indian Students Are Turning Away From The US In 2025
New Delhi: India's students are recalibrating their global education plans. Rising costs, tougher visa rules and political uncertainties in the United States are prompting a growing number of families to look north. Long seen as a welcoming alternative, Canada is now emerging as the preferred destination for Indian students. The trend is reflected in official figures. By the end of 2024, Canada hosted 427,000 Indian students, compared with 337,630 in the United States, according to the Ministry of External Affairs. A 2025 survey by ApplyBoard shows that 94% of Indian study-abroad aspirants rank Canada as their top choice. Affordability, safety and immigration-friendly policies are cited as decisive factors. At institutions such as the University of British Columbia, international student enrolments have risen by 27%, reflecting the turbulence south of the border. Huron University in Ontario, for example, sees the shift as both opportunity and responsibility. A Roller Coaster In Student Mobility Dr. Barry Craig, president and vice-chancellor of Huron University, calls the past five years 'nothing short of turbulent'. 'We began with COVID, which created so many obstacles to student mobility, almost a complete halt. As we emerged, momentum returned, but then geopolitical turbulence and diplomatic tensions caused another downturn in Canada. Now, we are seeing a re-emergence of interest, and I believe it is directly linked to the situation in the United States,' he said. Huron's enrolments reflect this volatility. Indian student numbers fell drastically after a 2024 diplomatic row, going from 'dozens' in 2021 to just three last fall. Momentum is now returning. 'We are already receiving nearly three times as many enquiries and applications for this fall compared to the past two years. Our main recruitment season begins in September, and interest is at least doubling, if not tripling,' he said. Affordability Edge For many families, cost is the decisive factor. 'One of my daughters did her undergraduate degree in Canada, and the other in the United States. The tuition in Canada was about 25% of what we paid in the United States. For an international student, the cost at Huron is probably half of what it would be at a comparable American institution,' said Dr. Barry. Canadian universities prioritise academics while avoiding inflated administrative or extracurricular expenses. 'We do not cut corners on academics, but we do not waste money on things that are not core to education. That is how we keep prices affordable while maintaining world-class standards,' he explained. Work Pathways Beyond Graduation Canada's policies on employability offer a strong incentive. 'Canada is already attractive because we offer a three-year Post-Graduation Work Permit. At Huron, we go further. 100% of our students receive a paid internship while studying. As a result, 92% are employed within six months of graduation, and importantly, in the field of their choice,' he claimed. Students enter the workforce with practical experience and connections to leading firms, avoiding the uncertainty many face abroad. Safe, Welcoming Environment Safety and social climate also shape decisions. 'Growing up in Canada, I used to think it was boring – clean air, clean water, no wars and very little violence. Now I think, thank God it is so nice to be boring. Parents want to know: will my child be safe? Compared to many countries, Canada has very low crime and none of the gun violence of the United States,' Dr. Barry highlighted. Campus culture reflects this welcoming atmosphere. 'We believe in free speech and debate, but debate that is respectful. Canada is a very welcoming country for outsiders,' he said. Attracting Talent, Building Partnerships Canada is also drawing researchers. The University of Toronto recently recruited three top researchers from Ivy League institutions seeking freedom from political restrictions. Across Canada, university leaders are lobbying the government to capitalise on this opportunity. The Huron University is building stronger ties with India through its India Advisory Committee, which includes leaders from business, diplomacy, policy and education. Its members include Paul Abraham (Hinduja Foundation), Renu Basu (IHCL), Ajay Bisaria (former Indian High Commissioner to Canada) and Dr. Barry Craig. 'They will advise us on engaging with India and reassure Indian parents and students that Huron is serious about opening real doors in corporate, entrepreneurial and public service careers,' Dr. Barry said. He said Canada is open for Indian students. 'Canada is open for business again, and we are actively welcoming Indian students. Our campus community has been immeasurably enriched by their presence. It is good for India, it is good for Canada and it is fantastic for our universities,' Dr. Barry said.
Business Standard
2 hours ago
- Business Standard
India's Top YouTube Creator Dhruv Rathee Teams Up with YC-Backed TagMango Founders to Launch AI Fiesta; Hits $3M ARR in Just 36 Hours
PRNewswire Kolkata (West Bengal) [India], August 20: In a world dominated by Silicon Valley AI breakthroughs, AI Fiesta is rewriting the rules. India's first AI super-app is scaling globally faster than some of the Valley's most iconic launches. One subscription. Six top AI models. Built in India for the world. Co-founded by India's #1 creator Dhruv Rathee (30M+ subscribers) alongside YC-backed Mohammad Hasan and Divyanshu Damani, co-founders of TagMango, India's largest creator platform is on track to facilitate over ₹1000 crores in creator earnings, combining mass influence, proven start-up execution, and deep trust. Within 36 hours of launch, AI Fiesta crossed $3 million in annual recurring revenue (ARR) and gained 20,000+ paying users, setting a new benchmark for India's tech ecosystem. The platform unites six of the world's most powerful AI models in a single subscription, making sure users get the best of each model for whatever they want to do: writing, coding, design, analysis, and more. Priced at ₹999/month or ₹834/month annually (GST included), it delivers access to multiple premium AI tools at less than half the cost of a single subscription elsewhere. "AI Fiesta is the first global AI subscription born out of India - built on trust, affordability, and speed," said Dhruv Rathee. Speaking at the launch, Mohammad Hasan, said, "This isn't just a tech product, it's a movement. Our goal is simple: every Indian, from coders to creators, should have access to world-class AI without needing a foreign credit card or a $20/month budget. AI shouldn't be a luxury, it should be a utility, and AI Fiesta makes that possible." "Every AI model has different strengths--ChatGPT in reasoning, Gemini in images, Perplexity in search, Claude in writing, and so on. With AI Fiesta, you don't have to pick. We've brought the best of each into one subscription at a price that makes sense--so you always get the right tool for the right job, without compromise," said Divyanshu Damani. In a global first, AI Fiesta launched UPI payments, two days ahead of OpenAI, making AI seamless and accessible to millions across India's digital economy. Backed by a combined reach of 300mil+, the founding team has only just begun to unlock its full distribution power. The platform is already being seen as one of India's most significant contributions to the global AI ecosystem.
