Mahindra Lifespace Developers has received A+/stable rating from Credit rating agency, CRISIL for its bank facilities and non-convertible debentures (NCDs) programme.
The company has received the said rating on the back of its strong brand name, established track record and focus on execution, strong support from its parent - Mahindra & Mahindra and prudent land acquisition policy.
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.