Mahindra Lifespace Developers is aiming 2.5-fold jump in its annual sales bookings to Rs 2,500 crore in the next three years on better housing demand. The company had achieved sales bookings of Rs 1,028 crore in the last financial year. The company clocked Rs 600 crore of residential sales during the April-June quarter of the 2022-23 fiscal year against Rs 1,000 crore in the full previous year.
The collections from customers were also healthy at about Rs 270 crore, while industrial leasing was worth Rs 118 crore in the June quarter. The company achieved sales bookings of Rs 600 crore in the first quarter of this fiscal on successful launches of two housing projects, but it does not expect similar performances in every quarter.
Mahindra Lifespace Developers is the real estate and infrastructure development company and a pioneer of sustainable urbanization in India.
