Mahindra Lifespace Developers gains on acquiring land parcel in Pune
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Mahindra Lifespace Developers is currently trading at Rs. 528.25, up by 5.10 points or 0.97% from its previous closing of Rs. 523.15 on the BSE.
The scrip opened at Rs. 525.65 and has touched a high and low of Rs. 532.00 and Rs. 523.65 respectively. So far 5637 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 599.00 on 11-Sep-2023 and a 52 week low of Rs. 316.10 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 542.90 and Rs. 520.20 respectively. The current market cap of the company is Rs. 8196.12 crore.
The promoters holding in the company stood at 51.20%, while Institutions and Non-Institutions held 31.32% and 17.48% respectively.
Mahindra Lifespace Developers has acquired 5.38 acres of land in the premier neighborhood of Wagholi in Pune. The land is estimated to have a development potential of over 1.5 million square feet of saleable area. The site is strategically situated in the upscale East Pune locality, surrounded with well-developed social infrastructure that includes top educational institutes such as Wellington College International, Euro School, and Poddar International school.
Moreover, this project is located near major commercial hubs, such as the World Trade Centre and EON Free Zone. Additionally, it also enjoys close proximity to IT hubs in Viman Nagar, Magarpatta, and Hadapsar.
Mahindra Lifespace Developers is the real estate and infrastructure development company and a pioneer of sustainable urbanization in India.
