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Mahindra Lifespace Developers is currently trading at Rs. 546.20, up by 4.50 points or 0.83% from its previous closing of Rs. 541.70 on the BSE.

The scrip opened at Rs. 548.00 and has touched a high and low of Rs. 548.75 and Rs. 544.00 respectively. So far 474 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 568.50 on 15-Mar-2021 and a 52 week low of Rs. 171.20 on 07-May-2020.

Last one week high and low of the scrip stood at Rs. 548.75 and Rs. 511.20 respectively. The current market cap of the company is Rs. 2783.43 crore.

The promoters holding in the company stood at 51.46%, while Institutions and Non-Institutions held 26.89% and 21.65% respectively.

Mahindra Lifespace Developers has acquired 10.3 acre land in Mumbai Metropolitan Region (MMR). The company will develop a new residential project in Kalyan. This new project will offer about 7 lakh sq ft of carpet area and is expected to be launched in FY 2022. This is the company’s second residential development in Kalyan.

The runaway success of company’s first residential project in Kalyan validates the growing demand for high quality, aspirational homes by trusted brands in this attractive suburb. Its latest land acquisition in Kalyan is aligned to its strategy of strengthening its presence in high-performing market.

Mahindra Lifespace Developers is the real estate and infrastructure development business of the $19 billion Mahindra Group, and a pioneer of sustainable urbanization in India.