Latest news with #MahindraLifespace
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Business Standard
9 hours 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.
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Business Standard
28-04-2025
- Business
- Business Standard
Mahindra Lifespace Q4 sale bookings decline 3% to Rs 1,055 crore
Realty firm Mahindra Lifespaces Developers Ltd's sale bookings in the residential segment fell 3 per cent to Rs 1,055 crore in the latest March quarter, but the total pre-sales in the entire 2024-25 fiscal increased 20 per cent to Rs 2,804 crore. The company's sale bookings stood at Rs 1,086 crore in the fourth quarter of 2023-24 and Rs 2,328 crore in the entire 2023-24 fiscal, according to an investors' presentation. On Friday, Mahindra Lifespace Developers Ltd reported a 19 per cent increase in net profit to Rs 85.09 crore for the quarter ended March 2025. Its net profit stood at Rs 71.48 crore in the year-ago period. Total income rose marginally to Rs 55.44 crore in the January-March period of the last fiscal from Rs 54.60 crore in the corresponding period of the preceding year. During 2024-25 fiscal, the company's net profit declined to Rs 60.94 crore from Rs 97.95 crore in the preceding year. Total income grew to Rs 463.87 crore in the last fiscal from Rs 279.12 crore in the 2023-24. Mahindra Lifespace is one of the leading real estate developers in the country. Established in 1994, Mahindra Lifespaces Developers Ltd's development footprint spans 41.11 million sq ft (saleable area) of completed, ongoing and forthcoming residential projects across seven Indian cities. It has over 5,000 acres of ongoing and forthcoming projects under development/ management at its integrated developments/industrial clusters.
Time of India
26-04-2025
- Business
- Time of India
Mahindra Lifesapces' profit rises 19% to Rs 85 crore in Q4 FY25
NEW DELHI: Realty firm Mahindra Lifespace Developers Ltd on Friday reported a 19 per cent increase in net profit to Rs 85.09 crore for the quarter ended March 2025. Its net profit stood at Rs 71.48 crore in the year-ago period. Total income rose marginally to Rs 55.44 crore in January-March period of the last fiscal from Rs 54.60 crore in the corresponding period of the preceding year, according to a regulatory filing. During 2024-25 fiscal, the company's net profit declined to Rs 60.94 crore from Rs 97.95 crore in the preceding year. Total income grew to Rs 463.87 crore in the last fiscal from Rs 279.12 crore in the 2023-24 fiscal. Mahindra Lifespace is one of the leading real estate developers in the country.
