Mahindra Lifespace Developers surges on acquiring land in Pune
Mahindra Lifespace Developers is currently trading at Rs. 377.10, up by 7.40 points or 2.00% from its previous closing of Rs. 369.70 on the BSE.
The scrip opened at Rs. 371.55 and has touched a high and low of Rs. 379.95 and Rs. 371.55 respectively. So far 15528 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 490.59 on 16-Oct-2024 and a 52 week low of Rs. 253.81 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 379.95 and Rs. 354.75 respectively. The current market cap of the company is Rs. 8033.80 crore.
The promoters holding in the company stood at 52.43%, while Institutions and Non-Institutions held 30.53% and 17.05% respectively.
Mahindra Lifespace Developers has acquired 13.46 acres of land in the premier neighborhood of Nande-Mahalunge in Pune. The land is estimated to yield a development potential of around Rs 3500 crore. The site is strategically located and offers quick access to Hinjewadi, surrounded by well-developed social infrastructure that includes top educational institutes such as Delhi Public School, Mahindra International school, and Symbiosis center for Management. Moreover, the location is also equidistant from Baner-Balewadi and Hinjewadi micro markets which are IT & BFSI hubs of Pune.
Mahalunge-Nande-Maan are among Pune’s most promising micro-markets, having witnessed strong absorption over the past few years. There is a clear and growing demand for high-quality, future-ready homes with modern amenities in this region. This land parcel is strategically located within the well-planned Mahalunge micro-market, offering excellent connectivity through the proposed PMRDA Town Planning Scheme and the upcoming Inner Ring Road, next to Hinjewadi. The acquisition reinforces the company’s commitment to Pune and aligns with its strategy to strengthen its presence across the city’s key growth corridors.
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.
