Mahindra Lifespace Developers has decided not to undertake a joint development on a nearly 5-acre land parcel in Mumbais western suburb Dahisar owing to significant delays in fulfilment of certain conditions precedent. The company had finalised the terms for this project in October 2021 and the development was estimated to provide around half a million sq ft of carpet area
Anand Mahindra, Chairman of Mahindra Group, announced on Friday that the market capitalization of its realty firm Mahindra Lifespace had surpassed USD 1 billion, proving skeptics wrong that the company could not survive without transacting in black money. According to him, the achievement validated the Group's debut in the real estate market. Mahindra Lifespace Developers Ltd is the Mahindra Group's real estate arm. It is publicly traded on stock exchanges. At 1128 hours, Mahindra Lifespace Developers shares were trading at Rs 519.75 a share on the BSE, up 2.29 percent. The company's market capitalisation was Rs 8,032.51 crore. This morning,