Mahindra Lifespace Developers gains on foraying into plotted development

Mahindra Lifespace Developers has forayed into plotted developments. The brand unveiled its first plotted development project ‘Lakefront Estates by Mahindra’ at Mahindra World City (MWC), Chennai. Spread over 19 acres, the project will offer a wide range of plots meeting the customers’ needs and aspirations, with sizes up to 5000 sq. ft., designed to provide an ideal, customized living experience with green open spaces and access to excellent infrastructure and facilities.

Lakefront Estates by Mahindra offers a truly unique living experience, nestled amidst the serene Paranur hills and overlooking 2200 acres of pristine waters of Kolavai Lake. This picturesque setting is further complemented by an impressive urban forest to the north of the project, spread over 80 acres. In addition to the breathtaking natural beauty surrounding the project, it also boasts eight thematically designed gardens, each with a unique purpose and amenities, providing residents with ample opportunities to relax, rejuvenate and socialize with the vibrant community.

Recently, Mahindra Lifespaces was selected as the preferred partner to redevelop two adjacent residential societies in Santacruz West, one of the prime residential neighbourhoods in Mumbai. The company and the two societies will execute definitive documents upon completion of due diligence. The project will offer Mahindra Lifespaces a revenue potential of around Rs 500 crore.

Mahindra Lifespace Developers is a real estate and infrastructure development company and a pioneer of sustainable urbanization in India.

Today, the stock opened at Rs 475.95, with a high and low of Rs 480 and Rs 468.60. Currently, the stock is trading at Rs 477.55, up by 2.15%. The shares of the company have gained over 30% in the last six months and investors should keep a close eye on this stock.