Latest news with #MahindraLifespaceDevelopersLtd
Time of India
a day ago
- Business
- Time of India
Mahindra Lifespaces secures Rs 1,250 cr redevelopment project in Mumbai's Mulund
Mahindra Lifespace Developers Ltd (MLDL), the real estate and infrastructure arm of the Mahindra Group, has secured rights to redevelop a large residential housing society in Mumbai's eastern suburb Mulund. The redevelopment will be carried out on a 3.08-acre land parcel and has an estimated development value of over Rs 1,250 crore. The project is expected to include a mix of residential units, catering to both the existing society members and new buyers. This is one of the larger redevelopment projects undertaken by Mahindra Lifespaces in Mumbai and is aligned with the company's continued focus on the residential redevelopment segment. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Simple Morning Habit for a Flatter Belly After 50! Lulutox Undo The site is located in proximity to key infrastructure projects, including the upcoming Mumbai Metro line 5 , and the Goregaon-Mulund Link Road at a distance of 0.8 km. It also has direct access to the Eastern Express Highway and the Mulund-Airoli Bridge, providing connectivity to Navi Mumbai, South Mumbai, and Thane. According to Vimalendra Singh, Chief Business Officer – Residential at Mahindra Lifespaces, the company's redevelopment approach is focused on creating value for residents and the city. He added that the Mulund project, with its access to multiple employment and transit nodes, is expected to contribute to the growth of the area. Live Events The project adds to Mahindra Lifespaces' Mumbai portfolio, where the company is also executing redevelopment and greenfield projects. This follows a series of similar society-led redevelopment contracts awarded in the Mumbai Metropolitan Region (MMR), where developers are increasingly looking at infill sites to expand within city limits. Real estate projects involving the redevelopment of old housing societies and rehabilitation are the mainstay of the Mumbai region's property market, as the land-starved city and its peripheral areas have few vacant land parcels. Ends The redevelopment sector in Mumbai has seen increased activity, especially in eastern and western suburbs, due to constrained land availability and regulatory focus on replacing ageing building stock.
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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
28-04-2025
- Business
- Time of India
Mahindra Lifespace Q4 Results: Sale bookings down 3% to Rs 1,055 cr; FY25 sales up 20%
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. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 10 Things Flight Attendants Rarely Talk About, Plus Tips to Make Your Flights More Comfortable Enhancing In-Flight Comfort Undo 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. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0.00% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. 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. Live Events 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.
