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Mahindra Lifespace Developers is currently trading at Rs. 625.00, up by 14.95 points or 2.45% from its previous closing of Rs. 610.05 on the BSE.

The scrip opened at Rs. 631.25 and has touched a high and low of Rs. 647.70 and Rs. 620.60 respectively. So far 63821 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 679.15 on 25-Apr-2024 and a 52 week low of Rs. 468.50 on 07-Jul-2023.

Last one week high and low of the scrip stood at Rs. 647.70 and Rs. 593.00 respectively. The current market cap of the company is Rs. 9681.31 crore.

The promoters holding in the company stood at 51.17%, while Institutions and Non-Institutions held 31.36% and 17.47% respectively.

Mahindra Lifespace Developers has closed two deals aggregating to Rs 2050 crore in Gross Development Value (GDV). These strategic moves include securing a third redevelopment project in Mumbai and acquiring a prime land parcel in Bengaluru, further strengthening the Company's foothold in two of India's most dynamic real estate markets.

The company has been chosen as the preferred partner for the redevelopment of seven residential societies in prestigious Borivali West, Mumbai neighborhood. This project offers an estimated Gross Development Value of approximately Rs 1800 crore. The project will be developed under state’s cluster redevelopment policy.

The Company has recently acquired 2.37 acres of land in Singasandra, South Bengaluru, located next to its existing Mahindra Zen project, which received a stupendous response at launch. The land is estimated to have a developable potential of approximately 0.25 million square feet, with a Gross Development Value of around Rs 250 crore.

Mahindra Lifespace Developers is the real estate and infrastructure development company and a pioneer of sustainable urbanization in India.