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Mahindra Lifespaces gains on launching first ‘Happinest’ project in Chennai

06 Aug 2014 Evaluate

Mahindra Lifespace Developers is currently trading at Rs. 572.00, up by 2.75 points or 0.48% from its previous closing of Rs. 569.25 on the BSE.

The scrip opened at Rs. 572.95 and has touched a high and low of Rs. 581.10 and Rs. 568.00 respectively. So far 7854 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 659.00 on 31-Jul-2014 and a 52 week low of Rs. 327.20 on 11-Sep-2013.

Last one week high and low of the scrip stood at Rs. 659.00 and Rs. 551.35 respectively. The current market cap of the company is Rs. 2377.79 crore.

The promoters holding in the company stood at 50.86% while Institutions and Non-Institutions held 31.42% and 17.60% respectively.

Mahindra Lifespace Developers (MLDL), the real estate and infrastructure development arm of $16.5 billion Mahindra Group, has launched its first ‘Happinest’ project in Avadi, a suburb of Chennai. This marks the foray of the company into the affordable housing space with the objective of enabling a cross section of Indians to fulfill their dreams of home ownership in a safe, secure and healthy environment.

Happinest is located in Avadi, one of the fastest growing suburbs of Chennai, with proximity to social infrastructure such as the railway station, bus stands, schools, colleges, markets and hospitals. Spread over 13 acres, Happinest will be home to 1200+ families. The development consists of 1 BHK and 2 BHK apartments with sizes ranging from 396 square feet to 677 square feet.

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.

 

Mahindra Life. Dev Share Price

327.30 -0.75 (-0.23%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Lodha Developers 871.70
Dilip Buildcon 457.55
DLF 601.80
Oberoi Realty 1710.00
Ahluwalia Contract(I 832.90
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