Mahindra Lifespace Developers has appointed Milind Kulkarni (DIN: 00012888) as an Additional Director in the category of Non-Executive Non-Independent Director with effect from 29 July 2024.Powered by Capital Market - Live News

Net profit of Mahindra Lifespace Developers reported to Rs 12.72 crore in the quarter ended June 2024 as against net loss of Rs 4.29 crore during the previous quarter ended June 2023. Sales rose 91.90% to Rs 188.14 crore in the quarter ended June 2024 as against Rs 98.04 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales188.1498.04 92 OPM %-22.10-43.97 - PBDT7.42-10.64 LP PBT3.08-13.62 LP NP12.72-4.29 LP Powered by Capital Market - Live News

Pursuant to the application filed by Mahindra World City Developers (MWCDL), a subsidiary of Mahindra Lifespace Developers (Company) and the developer of the Multi sector SEZ at Mahindra World City, Chengalpattu, Tamil Nadu, the Ministry of Commerce and Industry (Department of Commerce - SEZ Section), has granted its approval for partial denotification of 42.073 hectares out of the total 288.406 hectares at Mahindra World City Special Economic Zone, Chengalpattu, Tamil Nadu.The denotification will enable MWCDL to lease the de-notified land to meet the market demand in Domestic Tariff Area.  Powered by Capital Market - Live News

Mahindra Lifespace Developers has acquired 2.37 acres of land in Singasandra, South Bengaluru, located next to its existing Mahindra Zen project, which received a stupendous response at launch. The land is estimated to have a developable potential of approximately 0.25 million square feet, with a Gross Development Value of around Rs 250 crore.Powered by Capital Market - Live News

Mahindra Lifespace Developers has been chosen as the preferred partner for the redevelopment of seven residential societies in Borivali West, Mumbai. This project offers an estimated Gross Development Value of approximately Rs. 1800 crore. The project will be developed under state`s cluster redevelopment policy. Powered by Capital Market - Live News