Mahindra Lifespace Developers has completed the sale of the property in Byculla, Mumbai with the Owner of property wherein the Company had development rights on the part of the property. The Company's share of the sale consideration is Rs 324.95 crore.
Mahindra Lifespace Developers (MLDL) is the real estate and infrastructure development subsidiary of Mahindra & Mahindra (M&M). At present, M&M holds 51% of the equity share capital of MLDL. MLDL has two main lines of businesses - standalone real estate development and development of integrated business cities.
