Mahindra Lifespace Developers gains on launching new tower at Mahindra Citadel in Pune
Mahindra Lifespace Developers is currently trading at Rs. 364.20, up by 2.65 points or 0.73% from its previous closing of Rs. 361.55 on the BSE.
The scrip opened at Rs. 361.55 and has touched a high and low of Rs. 365.95 and Rs. 361.55 respectively. So far 4021 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 594.59 on 05-Jul-2024 and a 52 week low of Rs. 253.78 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 367.00 and Rs. 353.50 respectively. The current market cap of the company is Rs. 7787.03 crore.
The promoters holding in the company stood at 51.14%, while Institutions and Non-Institutions held 29.64% and 19.22% respectively.
Mahindra Lifespace Developers has launched a new tower at Mahindra Citadel, featuring premium 1 BHK homes designed for young professionals, nuclear families, and first-time homebuyers. This tower is part of the larger around 9.66-acre residential development in Pimpri-Chinchwad, Pune, which has an overall Gross Development Value (GDV) of nearly Rs 2500 crore. This launch follows robust demand for the earlier phases and not only offers high-quality urban living but also offers excellent connectivity, as it is adjacent to the Sant Tukaram Metro Station.
The newly launched Tower is part of the same integrated community, offering access to thoughtfully curated infrastructure and amenities. These include landscaped green zones, a clubhouse, jogging track, gymnasium, multipurpose courts, and dedicated wellness spaces. As with previous phases, homes in this Tower are IGBC Gold pre-certified, with eco-friendly features such as energy-efficient lighting, water conservation systems, and solid waste management provisions. Positioned along the Old Mumbai-Pune Highway, residents also benefit from proximity to educational institutions, healthcare centres, and entertainment hubs, further enhancing the appeal of the location.
Mahindra Lifespace Developers brings the Mahindra Group’s philosophy of ‘Rise’ to India’s real estate and infrastructure industry through thriving residential communities and enabling business ecosystems.
