Mahindra Lifespace acquires 12-acre land in Gurgaon: Report

26 Feb 2014

Mahindra Lifespace Developers has reportedly acquired 12-acre land parcel worth Rs 472 crore in Gurgaon from private equity fund Ireo. The company has acquired the land to develop residential projects.

The project is to be developed by the joint venture that Mahindra Lifespace has with Standard Chartered Real Estate, the private equity arm of Standard Chartered Bank. Both the entities plan to develop projects through Watsonia Developers, in which Mahindra Lifespace and SCM hold equal stakes.

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.

Related Mahindra Lifespace Developers Ltd. Links:

Mahindra Life. Dev Share Price

320.10 -5.90 (-1.81%) Dec 02, 18:59
1 Year Price Chart
Peers
Company Name CMP
Dilip Buildcon 362.70
NBCC (India) 28.80
Sobha 320.85
JMC Projects (India) 61.85
Prestige Estate Proj 290.10
View more..
Sensex vs Mahindra Life. Dev
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

Callback