Mahindra Lifespace Developers gained 2.86% to Rs 293.40 after announcing the launch of its new residential project, Mahindra NewHaven, in South Bengaluru.
The project, which is registered with the Karnataka Real Estate Regulatory Authority (RERA), officially launched on 17th April 2025.Mahindra NewHaven is positioned under the residential category and is designed to cater to both domestic and international markets.
Mahindra Lifespace Developers is a pan-India real estate developer. It operates its business through two verticals, namely, (i) residential projects, under the 'Mahindra Lifespaces' and 'Mahindra Happinest' brands ("Residential"); and (ii) integrated cities and industrial clusters under the 'Mahindra World City' and Origins by Mahindra brands, respectively ("IC&IC").
On a consolidated basis, Mahindra Lifespace Developers reported net loss of Rs 22.49 crore in Q3 December 2024 as against net profit of Rs 49.98 crore in Q3 December 2023. Net sales rose 104.02% year-on-year to Rs 167.28 crore in Q3 December 2024.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app