Page 3 - Mahindra Lifespace

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Mahindra Lifespace aims 2.5-fold jump in housing sales bookings in 3 yrs

Realty firm Mahindra Lifespace Developers Ltd is targeting a 2.5-fold jump in its annual sales bookings to Rs 2,500 crore in the next three years on better housing demand, its MD and CEO Arvind Subramanian has said. Mumbai-based Mahindra Lifespace had achieved sales bookings of Rs 1,028 crore in the last financial year. In an interview with PTI, the company's Managing Director (MD) and Chief Executive Officer (CEO) Arvind Subramanian said: "We have started the first quarter with an extremely strong performance on all fronts". The company clocked Rs 600 crore of residential sales during the April-June quarter of the 2022-23 fiscal year against Rs 1,000 crore in the full previous year, he highlighted. The collections from customers were also healthy at about Rs 270 crore, while industrial leasing was worth Rs 118 crore in the June quarter. "The first quarter has set us up very well for the year. We are expecting very strong continued growth in quarter two and the rest of the year as

Mahindra Lifespaces' chairman Arun Nanda retires, successor named

Nanda joined the Mahindra Group in 1973 and has held several important positions within the group over the years

This Mahindra Group stock has zoomed over 80% so far in 2022

Mahindra Lifespace hit a record high of Rs 439.85 and surged 6% on expectation of favorable demand situation in the Indian real estate sector.

HDFC Capital to buy 7.2% stake in realty start-up Loyalie IT Solutions

Loyalie had in January raised Rs 5 crore from investors, including Inflection Point Ventures, to expand and grow its business

Market wrap: Sensex ends 460 pts up, Nifty tops 17,600 on dovish RBI policy

Nykaa slips 7.5% on 59% drop in Q3 net profit; Mahindra Lifespaces rallies 20% on plan to buy M&M land; Solara Active Pharma tanks 20% on weak Q3 results; Govt likely weighing 5% stake sale in LIC IPO

Mahindra Lifespace Q2 profit at Rs 13 cr; revenue up 76% at Rs 65.7 cr

Realty firm Mahindra Lifespace Developers Ltd on Tuesday reported a consolidated net profit of Rs 13.23 crore for the quarter ended September on rise in total income. The company, which is a part of the Mahindra group, had posted a net loss of Rs 13.48 crore in the year-ago period. Total income for the second quarter rose to Rs 65.70 crore from Rs 37.42 crore in the corresponding period of the previous year, according to a regulatory filing. The consolidated PAT, after non-controlling interest, stood at Rs 6.52 crore for the quarter ended September as against a loss of Rs 13.33 crore in Q2 of FY21. Arvind Subramanian, Managing Director & Chief Executive Officer, Mahindra Lifespace Developers Ltd, said, "We have seen encouraging demand growth in both our residential and industrial parks businesses in Q2 FY22. Further, project execution has gained pace." The response to the launch of its first Mahindra Happinest project at Mahindra World City, Chennai has been very heartening, he ..

Mahindra Lifespace Developers shifts gear; charts aggressive growth plans

The company, which lagged peers Godrej Properties and Prestige Estates Projects, seeks to invest Rs 500 cr every year in buying land parcels for new projects

Mahindra Lifespace to invest Rs 500 crore in new housing project in Pune

In an interview with PTI, Mahindra Lifespace Developers Chief Marketing Officer Viral Oza said the company has launched a new housing project in Pune, which has been an important market for it

Mahindra Lifespaces to raise number of launches, eyes sales of Rs 2,500 cr

The company's stock has risen 95 per cent since beginning of FY21

Mahindra Lifespace to launch 4 housing projects by March as demand picks

Mahindra Lifespace Developers Ltd will launch four new housing projects, comprising over 900 units, in Mumbai, Pune and Chennai by March next year as part of its expansion plan for future growth

Mahindra Lifespace posts Rs 13.48 crore net loss in September quarter

Realty firm Mahindra Lifespace Developers Ltd on Friday reported a consolidated net loss of Rs 13.48 crore for the second quarter ended September 30, on lower income

Realty firm Mahindra Lifespace ties up with Extramarks Education

Realty firm Mahindra Lifespace on Thursday said it has partnered with edutech company Extramarks Education for providing online learning to its customers, brokers and employees at a discounted rate.

9 listed housing firms' combined sales up 11% at Rs 5,300 cr in Q1: Anarock

According to the Anarock report, these nine players together achieved a sales bookings of Rs 22,800 crore in the entire 2018-19

Mahindra Lifespace's Chennai industrial cluster eyes Rs 3,500 cr in phase-I

The company is looking at offering plug-and-play at the cluster, along with value-added services such as skill development options and testing to stay ahead of the competition

IFC to invest Rs 320 cr in Mahindra Lifespace industrial parks

The company is developing two integrated business cities, under 'Mahindra World City' brand, in Chennai and Jaipur

Mahindra Lifespace Q4 net falls 64% to Rs 17.4 cr

Expenses, too, increased to Rs 326.57 cr from Rs 141.84 cr earlier

Mahindra Lifespace's Rs 300 crore rights issue to open tomorrow

The issue price of each rights equity share is 29.20 times the face value of the equity share