Mahindra Lifespace surges on launching Phase 2 of Mahindra Vista in Mumbai
Mahindra Lifespace Developers is currently trading at Rs. 359.90, up by 0.70 points or 0.19% from its previous closing of Rs. 359.20 on the BSE.
The scrip opened at Rs. 356.25 and has touched a high and low of Rs. 362.95 and Rs. 347.00 respectively. So far 21834 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. 347.00 on 14-Feb-2025.
Last one week high and low of the scrip stood at Rs. 399.95 and Rs. 347.00 respectively. The current market cap of the company is Rs. 5550.59 crore.
The promoters holding in the company stood at 51.15%, while Institutions and Non-Institutions held 30.70% and 18.15% respectively.
Mahindra Lifespace Developer has launched Phase 2 of Mahindra Vista, India’s first Net Zero Waste + Energy residential project in Kandivali East, Mumbai. This phase introduces 599 premium residences with a potential pre-sales value of almost Rs 1,200 crore. All units come with balconies, designed to meet the evolving aspirations of urban homebuyers.
Spread across 7.74 acres, Mahindra Vista exemplifies sustainable living with a low tower footprint of under 12% and expansive green spaces. This includes 1.92 acres of landscaped greens on mother earth and an additional 1.6-acre podium top adorned with a signature-designed colonnade and an infinity-edge pool. Residents will also enjoy a state-of-the-art, biophilic-roof clubhouse spanning 28,000 sq. ft., alongside high-street retail, and convenient shopping options.
Mahindra Lifespace Developer brings the Mahindra Group’s philosophy of ‘Rise’ to India’s real estate and infrastructure industry through thriving residential communities and enabling business ecosystems.
