Mahindra Lifespace to develop 4.8 acres land parcel in Dahisar
Real Estate

Mahindra Lifespace to develop 4.8 acres land parcel in Dahisar

Mahindra Lifespace Developers, a realty arm of Mahindra Group, told the media that it has finalised to jointly develop on a 4.8 acre land parcel in Dahisar, Mumbai.

It is the first project of the company in Dahisar, and it will provide about 5 lakh sq ft of carpet area.

Arvind Subramanian, CEO and MD of Mahindra Lifespace, said that the project in Dahisar focuses on high performing micro-markets with a strong demand for projects by trusted companies. It provided success to the company, and it will expand the company's residential business in well-established areas with quick absorption.

Recently, the company reported a net profit of Rs 13.23 crore for the September quarter. The company's total income stood at Rs 65.70 crore in the second quarter (Q2) of FY22, with a growth of 75% from Rs 37.42 crore in the last quarter.

The consolidated debt stood at 6.7%, while the standalone debt stood at 5.7%. The market capitalisation of the company was Rs 4,258 crore on 30 September.

Image Source


 Also read: Mahindra Lifespaces first to adopt ‘Stay-in-Place Formwork’ in large-scale residential project

Mahindra Lifespace Developers, a realty arm of Mahindra Group, told the media that it has finalised to jointly develop on a 4.8 acre land parcel in Dahisar, Mumbai. It is the first project of the company in Dahisar, and it will provide about 5 lakh sq ft of carpet area. Arvind Subramanian, CEO and MD of Mahindra Lifespace, said that the project in Dahisar focuses on high performing micro-markets with a strong demand for projects by trusted companies. It provided success to the company, and it will expand the company's residential business in well-established areas with quick absorption. Recently, the company reported a net profit of Rs 13.23 crore for the September quarter. The company's total income stood at Rs 65.70 crore in the second quarter (Q2) of FY22, with a growth of 75% from Rs 37.42 crore in the last quarter. The consolidated debt stood at 6.7%, while the standalone debt stood at 5.7%. The market capitalisation of the company was Rs 4,258 crore on 30 September. Image Source Also read: Mahindra Lifespaces first to adopt ‘Stay-in-Place Formwork’ in large-scale residential project

Next Story
Infrastructure Transport

Railway stations in Prayagraj undergo major passenger facility expansion

The Railway Board Chairman and CEO, Satish Kumar, conducted an extensive inspection on Saturday alongside the General Manager of Northern Railway and the officiating General Manager of North Central Railway. Their visit focused on various ongoing projects at multiple stations across the Northern and North Central Railway zones, with particular attention to enhancing facilities for the upcoming Maha Kumbh. During the inspection, Chairman Kumar reviewed the construction of a vital bridge over the River Ganga, specifically between Jhunsi and Prayagraj Rambagh. This bridge is expected to significa..

Next Story
Infrastructure Transport

Madurai-Thoothukudi broad gauge line works under review

The construction of the Madurai-Thoothukudi broad gauge line, which includes the crucial Melmarudur-Tiruparankundram project, is currently under careful review. This update comes from Southern Railway's assistant public information officer, J Kumarasubramanian, following an RTI inquiry made by a concerned citizen, Dayanand Krishnan. The new broad gauge line is projected to cover a total length of 143.5 km, with the initial 18 km stretch between Milavittan and Melmarudur completed and sanctioned by the Commission of Railway Safety on March 8, 2022. While substantial progress has been made on t..

Next Story
Real Estate

DLF expects Rs 26,000 cr from super luxury project in Gurugram

Realty giant DLF is projecting impressive revenue of Rs 26,000 crore from its newly unveiled super-luxury project, The Dahlias, situated in the heart of Gurugram. Ashok Tyagi, the Managing Director of DLF, shared these insights during a recent conference call with market analysts, highlighting the project's potential amidst rising demand for high-end residential properties. The Dahlias project spans an expansive 17 acres and is set to feature approximately 420 ultra-luxury apartments, each boasting a minimum size of 10,300 square feet. This ambitious development has already garnered significan..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000