Mahindra Lifespace Developers soars on wining Mulund West redevelopment project worth Rs 1,250 crore
Mahindra Lifespace Developers is currently trading at Rs. 366.30, up by 5.05 points or 1.40% from its previous closing of Rs. 361.25 on the BSE.
The scrip opened at Rs. 375.00 and has touched a high and low of Rs. 378.00 and Rs. 364.15 respectively. So far 64062 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 594.65 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. 378.00 and Rs. 350.15 respectively. The current market cap of the company is Rs. 7853.14 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 (MLDL) has appointed as the preferred developer for the redevelopment of a premium housing society in Mulund (West), Mumbai. The project spans across a 3.08-acre land parcel and has an estimated development value of approximately Rs 1,250 crore.
The site offers excellent connectivity, being just 1.4km from the upcoming Mumbai Metro Line 5 and 0.8 km from the Goregaon-Mulund Link Road. It also provides seamless access to the Eastern Express Highway and the Mulund-Airoli Bridge, facilitating convenient travel to Navi Mumbai, and other business hubs.
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.
