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Mahindra Lifespace Developers Limited ( (IN:MAHLIFE) ) has provided an announcement.
Mahindra Lifespace Developers Limited has been selected as the preferred partner for a significant residential redevelopment project in Matunga, Mumbai, with a gross development value of INR 1,010 crore. This project will transform the existing housing cluster into a modern community with improved infrastructure and amenities, enhancing Mahindra Lifespaces’ presence in Mumbai’s redevelopment landscape. The redevelopment emphasizes sustainability and modern urban design, aligning with the company’s commitment to creating ‘Homes of Positive Energy,’ and is expected to set a new benchmark for community-centric redevelopment in the city.
More about Mahindra Lifespace Developers Limited
Mahindra Lifespace Developers Ltd., established in 1994, is the real estate and infrastructure development arm of the Mahindra Group. The company focuses on creating thriving residential communities and business ecosystems across India, with a development footprint spanning 53.30 million sq. ft. of residential projects and over 5000 acres of industrial clusters. Mahindra Lifespaces is committed to sustainability, aiming to build only Net Zero homes from 2030 onwards and achieve carbon neutrality by 2040.
Average Trading Volume: 18,155
Technical Sentiment Signal: Buy
Current Market Cap: 90.03B INR
Find detailed analytics on MAHLIFE stock on TipRanks’ Stock Analysis page.