Mahindra Lifespace Developers is currently trading at Rs. 525.00, up by 6.60 points or 1.27% from its previous closing of Rs. 518.40 on the BSE.
The scrip opened at Rs. 522.90 and has touched a high and low of Rs. 530.95 and Rs. 520.05 respectively. So far 607 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. 341.00 on 05-Mar-2014.
Last one week high and low of the scrip stood at Rs. 533.00 and Rs. 511.80 respectively. The current market cap of the company is Rs. 2143.70 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 the $16.5 billion Mahindra Group, has launched its second Happinest project in Boisar, a suburb of Mumbai. Happinest homes are focused on offering customers safe and secure neighborhoods with good transport connectivity in well planned developments.
Spread over 14 acres, Happinest Boisar will offer 1 RK, 1 BHK, and 2 BHK apartments in the range of 351 sq. ft. to 695 sq. ft. It is not only home to Maharashtra’s largest MIDC (Maharashtra Industrial Development Corporation) but also offers seamless connectivity to Mumbai and Gujarat by local and outstation trains. The proposed DMIC (Delhi Mumbai Industrial Corridor) will also be in the vicinity. The project is also well situated with the railway station, bus stands, hospitals, schools and colleges in close proximity.
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.
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