Mahindra Lifespace rises on completing first residential project in Nagpur

06 Aug 2015 Evaluate

Mahindra Lifespace Developers is currently trading at Rs 438.95, up by 2.75 points or 0.63% from its previous closing of Rs 436.20 on the BSE.

The scrip opened at Rs. 436.00 and has touched a high and low of Rs. 439.00 and Rs. 436.00 respectively. So far 100 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 581.10 on 06-Aug-2014 and a 52 week low of Rs. 401.30 on 19-Jun-2015.

Last one week high and low of the scrip stood at Rs. 452.50 and Rs. 423.00 respectively. The current market cap of the company is Rs. 1800.56 crore.

The promoters holding in the company stood at 50.83% while Institutions and Non-Institutions held 27.39% and 21.68% respectively.

Mahindra Lifespace Developers (MLDL), the real estate and infrastructure development arm of the Mahindra Group, has completed handover of 35 units in Bloomdale, its first residential project in Nagpur (at MIHAN), thereby becoming the first developer to commence handover in the region. Another 40 units in Phase 1 comprising 1BHK, 2BHK, 3BHK apartments and row houses are expected to be handed over in the course of the next two months.

A 25 acre gated community, Bloomdale is all set to emerge as a natural first choice of residence for those seeking community living options close to their place of work. This is primarily because it is in close proximity to companies that are operational in MIHAN, as well as those that are at various stages of facility development. With an international school located right next door, the airport a short distance away, and fast-track connectivity to Nagpur’s city centre via NH7, Bloomdale ensures incomparable locational advantages to residents. Additionally, resident welfare measures by Mahindra Lifespaces such as an upcoming grocery store and a ‘Neighbourhood Guide’ ensure that the moving in experience is seamless and enjoyable for all residents.

Mahindra Lifespace Developers, the real estate and infrastructure development business of the $16.9 billion Mahindra Group, is a leader in sustainable urban development, through the creation of residential and integrated large format developments across nine Indian cities - Mumbai, Pune, Nagpur, Gurgaon, Faridabad, Jaipur, Chennai, Hyderabad and Bangalore.

Mahindra Life. Dev Share Price

627.45 3.35 (0.54%)
03-May-2024 16:01 View Price Chart
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