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Mahindra Lifespace Developers Ltd (MLDL)

Monsoon has very little co-relation with the demand in the real estate sector

Monsoon has very little co-relation with the demand in the real estate sector
The data shows that the monsoon does not dampen the sentiments in the real estate segment. The economic climate, not monsoon, is what determines the fortunes of the players in the real estate sector. For instance, in 2009-10, the most recent low rainfall year, Mahindra Lifespace Developers saw its revenue nearly double and profit jump over [...] Continue Reading »

Mahindra Lifespace- Optimistic about residential real estate growth

Mahindra Lifespace- Optimistic about residential real estate growth
Mahindra Lifespace Developers Ltd (A subsidiary of Mahindra and Mahindra) has gone into a buying spree to increase their land inventory. They are anticipating a boom in the real estate sector and hence want to replenish the land bank which will be used in the next three years in the upcoming new projects. A top company [...] Continue Reading »

Mahindra Lifespace acquires 550 acres in north Chennai to set up biz city

Mahindra Lifespace acquires 550 acres in north Chennai to set up biz city
Approximately 550 acres of land has been acquired by Mahindra Lifespace Developers Ltd in north Chennai. At the recently acquired 550-acre land, the company – which is the Mahindra Group’s realty division – will reportedly set up its second integrated business city in the state-Mahindra World City. Mahindra Lifespace is likely to commence work on Phase [...] Continue Reading »

MLDL registers 72% increase in profit

MLDL registers 72% increase in profit
As for the quarter ended June 30, 2012, Mahindra Lifespace Developers Ltd (MLDL) has posted a 72 per cent rise in net profit. The strong position of the company is reflected in its operating expansion as it has launched the second phase of its project at Nagpur. Also, during the quarter, it has acquired two [...] Continue Reading »



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