MAHINDRA LIFESPACES REDEVELOPMENT
Stocks in news: Tata Motors, Avenue Supermarts, Welspun Enterprises, Infosys
Indian stock markets finished higher on Friday. Financial stocks and foreign investor inflows boosted the Sensex and Nifty. Tata Consultancy Services' weaker earnings limited broader gains. Several companies like Avenue Supermarts, Tata Motors, and Infosys will be in focus. Tata Motors' stock will trade as a consolidated entity for the last time on Monday.
Mahindra Lifespace buys 13.46-acre land in Pune to develop Rs 3,500 cr worth housing project
Mahindra Lifespace Developers has acquired a significant 13.46-acre plot in Pune's Nande-Mahalunge area, poised for a housing project estimated at Rs 3,500 crore. Additionally, the realty firm announced plans to redevelop four housing societies in Mumbai's Malad (West), anticipating Rs 800 crore in revenue from the free sale area. This expansion bolsters their extensive development footprint across India.
Mahindra Lifespace to redevelop 4 housing societies in Mumbai, eyes Rs 800cr revenue
Mahindra Lifespace Developers will redevelop four housing societies in Malad West, Mumbai. The company anticipates generating Rs 800 crore from the sale of free area. This project adds to Mahindra Lifespace's extensive development portfolio across India. The firm manages significant ongoing and upcoming projects in residential and industrial sectors.
Mahindra Lifespaces to redevelop four housing societies in Mumbai’s Malad suburb
Mahindra Lifespace Developers has been chosen as the preferred partner for redeveloping four residential societies in Malad (West), Mumbai. This project, with a development potential of Rs 800 crore, will expand the company's footprint in a key micro-market. The initiative aligns with their strategy of growth in established areas and enhancing project efficiencies.
Mahindra Lifespace eyes Rs 1,700 cr revenue from 2 redevelopment projects
Mahindra Lifespace Developers Ltd has secured two society redevelopment projects in Chembur, Mumbai, with a combined gross development potential of Rs 1,700 crore. These projects, spanning 2.6 acres and 1.8 acres respectively, mark a significant addition to the company's portfolio.
Stocks in news: Apollo Tyres, Akzo Nobel, Dr Reddy's, Mahindra Lifespace, Coal India
Indian markets saw gains, with Apollo Tyres becoming the Indian cricket team's jersey sponsor. JSW Paints will acquire a stake in Akzo Nobel India, while Dr. Reddy's launched a new molecule for gastrointestinal issues. Mahindra Lifespace is set to redevelop housing societies, and Coal India has been named the preferred bidder for a rare earth element exploration block.
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Mahindra Lifespaces to redevelop two housing societies in Mumbai’s Chembur suburb
Mahindra Lifespace Developers will redevelop two housing societies in Chembur. The societies are located in the Diamond Garden area. The projects cover 2.6 acres and 1.8 acres respectively. The combined gross development potential is around Rs 1,700 crore. This project will add to Mahindra Lifespaces’ Mumbai portfolio. The company is also executing redevelopment and greenfield projects.
Sri Lotus Developers plans to raise Rs 792 crore through IPO to fund projects
Sri Lotus Developers plans to raise ₹792 crore through an IPO to fund projects. The Mumbai-based developer boasts a high 53% Ebitda margin, exceeding peers, and operates primarily in the luxury segment. Despite geographic concentration, strong financial growth and a lower debt-equity ratio make the IPO potentially attractive for high-risk investors.
Mahindra Lifespaces secures Rs 1,250 cr redevelopment project in Mumbai’s Mulund
Mahindra Lifespace Developers has secured a redevelopment project in Mumbai's Mulund, valued at over Rs 1,250 crore. The 3.08-acre project will feature residential units for existing members and new buyers. Its strategic location near key infrastructure projects like the Mumbai Metro and Eastern Express Highway enhances connectivity, aligning with the company's focus on urban redevelopment.
Mahindra Lifespace shares in focus as firm eyes Rs 1,200 crore revenue from Mumbai redevelopment projects
Mahindra Lifespace Developers secures two housing redevelopment projects in Mumbai, valued at Rs 1,200 crore. The company, operating under multiple brands, anticipates significant revenue gains. The stock target price is Rs 599 with strong buy recommendations, despite recent declines in share performance.
Mahindra Lifespace eyes Rs 1200 cr revenue from two housing redevelopment projects in Mumbai
Mahindra Lifespace Developers Ltd has secured two redevelopment projects for housing societies in Mumbai’s Lokhandwala Complex, Andheri West, with a project value of approximately Rs 1,200 crore. These projects will be carried out under the state’s cluster development scheme.
Mahindra Lifespace Developers shares rally 3% after tie-up with Livingstone Infra for Rs 1,650 cr project
Mahindra Lifespace Developers shares:In a regulatory filing on Tuesday, Mahindra Lifespace Developers confirmed its collaboration with Livingstone Infra Pvt Ltd for a cluster redevelopment project in Mahalaxmi, with a gross development value (GDV) of Rs 1,650 crore.
Mahindra Lifespace Developers ties up with Livingstone Infra for Rs 1,650 cr project
Mahindra Lifespace Developers Ltd has joined hands with Livingstone Infra Pvt Ltd for a redevelopment project in Mahalaxmi, Mumbai, with an estimated revenue of Rs 1,650 crore. The project expands Mahindra Lifespace's footprint, which includes 394.4 lakh sq ft of residential projects and over 5,000 acres of integrated developments and industrial clusters across seven Indian cities.
Mahindra Lifespaces inks pact for redevelopment project in Mumbai’s Andheri suburb
Mahindra Lifespace Developers Ltd. has secured its fourth redevelopment project in Mumbai, valued at around Rs 950 crore. This project, located in Andheri west, is part of the state's cluster redevelopment policy to rehabilitate old buildings. The Maharashtra government is also offering incentives like a 50% concession in development cess and premium for these initiatives.
Mahindra Lifespace bags Rs 950 cr redevelopment project in Mumbai
Mahindra Lifespace Developers has secured a redevelopment project in Lokhandwala Complex, Andheri West, Mumbai, with an estimated revenue of ₹950 crore. The project, part of Maharashtra’s cluster redevelopment policy, strengthens the company's presence in Mumbai’s western suburbs.
Stocks in news: HDFC Bank, IDFC First Bank, IDBI Bank, Dr Reddy's, Lloyds Metals
HDFC Bank advances rose 53% to Rs 24.87 lakh crore. LIC boosted IDFC First Bank's stake to 2.68%. Dr Reddy's, Sun Pharma recalled items in the US. PNB's global business grew 10%. Raymond Realty, Poonawalla Fincorp, IDBI, Ujjivan SFB, Lloyds Metals, RBL Bank's deposits rose 18%, and Mahindra Lifespace will redevelop Mumbai societies.
Mahindra Lifespace eyes Rs 8-10K crore sales in housing, industrial spaces by FY28
Amit Sinha, MD & CEO, mentioned the successful annual sales and highest pre-sales of Rs 2,328 crore in residential business for Mahindra Lifespace. They also achieved land leasing of 119.4 acres for industrial business.
Mahindra Lifespaces plans to build projects pipeline worth Rs 45,000 crore in five years
Mahindra Lifespace Developers is looking to focus on joint developments, housing society redevelopments, and the acquisition of land parcels on an outright basis to augment its gross development value (GDV) during this period in its focus markets of Mumbai, Pune, and Bengaluru. To support this growth plan, Mahindra Lifespaces will be deploying over Rs 7,500 crore through internal accruals and capital infusion from the parent Mahindra group as well as institutional investors.
Mahindra Lifespaces calls off 5-acre joint development in Mumbai’s Dahisar
Mahindra Lifespace Developers has decided not to undertake a joint development on a nearly 5-acre land parcel in Mumbai’s western suburb Dahisar owing to significant delays in fulfilment of certain conditions precedent. The company had finalised the terms for this project in October 2021 and the development was estimated to provide around half a million sq ft of carpet area
Stocks in news: Bajaj Auto, Nestle India, IndusInd Bank, Bank of Maharashtra, Welspun India, Tata Tele
Bank of Maharashtra's net profit more than doubled year-on-year to Rs 840 crore in the fourth quarter as against Rs 355 crore in the same period last year.
Mahindra Lifespaces inks pact to redevelop housing society in Mumbai’s Malad suburb
The project to be developed on the land parcel spread over around 3.68 acres is estimated to offer Mahindra Lifespaces a revenue potential of around Rs 850 crore.
Mahindra Lifespaces plans plotted developments foray, tap redevelopment projects
Currently, the company is pursuing land deals with gross development value worth over Rs 5,500 crore including four proposals for mid-income housing society redevelopment projects in the country’s financial capital.
Buy Mahindra Lifespace Developers, target price Rs 521: HDFC Securities
Mahindra Lifespace Developers, incorporated in the year 1999, is a Small Cap company (having a market cap of Rs 6044.37 Crore) operating in Real Estate sector.
Mahindra Lifespace Developers forays into redevelopment projects
The company will be developing two adjacent housing societies in Santacruz suburb of the city. The developer and both the societies will execute definitive documents upon completion of due diligence. The project is expected to have revenue potential of around Rs 500 crore.
Mahindra Lifespace eyes society redevelopment projects in Mumbai; to develop data centres
"Lots of societies are coming up for redevelopment again. Many of them have burned their fingers in the past with local developers who have signed agreements with them but have not been able to take the project forward for various financial reasons," Mahindra Lifespace Developers MD Arvind Subramanian said.
Mall, hotel and housing complex to support Dehradun railway station redevelopment
Amidst lockdown, the Rail Land development Authority (RLDA), conducted the online pre-bid meeting for the redevelopment of the Dehradun railway station. Over 22 developers including GMR, Omaxe, Experion Developers, I Squared Capital, Adani Road transport Ltd, Mahindra Lifespaces, Pacific Developers, Thoth Infra, participated in the meeting.
Mahindra Lifespace to sell sobo property to promoter's family trust
The company is seeking shareholders' approval for the said transaction and has informed them through a notice for its 17th AGM to be held next month.
Mahindra Lifespace, trust enter consent terms for South Mumbai property
This will enable the developer to proceed with the acquisition and redevelopment of the property, Mahindra Lifespace said in a regulatory filing.
Mahindra realty arm to step up Mumbai focus: Anita Arjundas
Interestingly, Mumbai contributed nearly 65% to Mahindra Lifespace's residential re venues in 2010, but has zero contribution to the developer's current revenue.
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