 "Mahindra Lifespaces")
Mahindra Lifespaces Developers (MLDL), the real estate and infrastructure development business of the Mahindra Group, reported a net loss of Rs 7.74 crore for the quarter ended September against a net profit of Rs 6.52 crore in the year-ago quarter.
Managing Director and CEO Arvind Subramanian said the loss incurred was attributable to fewer completions in the residential segment.
The company has also set a target of achieving annual residential sales of Rs 2,500 crore and annual leasing of Rs 500 cr in Integrated cities & Industrial clusters (IC&IC) business by 2025.
The realty firm’s consolidated total income stood at Rs. 73.8
