Mahindra Lifespaces Developers is currently trading at Rs. 323.95, up by 6.55 points or 2.06% from its previous closing of Rs. 317.40 on the BSE.
The scrip opened at Rs. 319.00 and has touched a high and low of Rs. 324.00 and Rs. 319.00 respectively. So far 576 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 425.00 on 08-Apr-2011 and a 52 week low of Rs. 235.00 on 30-Dec-2011.
Last one week high and low of the scrip stood at Rs. 353.00 and Rs. 311.20 respectively. The current market cap of the company is Rs. 1314.69 crore.
The promoters holding in the company stood at 51.05% while Institutions and Non-Institutions held 31.40% and 17.34% respectively.
Mahindra Lifespace Developers, the real estate and infrastructure development arm of the $14.4 billion Mahindra Group, has marked its first foray into Nagpur with the launch of ‘Bloomdale’, planned as a gated community which aims to foster healthy, community living.
Bloomdale is being developed by Mahindra Bebanco Developers, a joint venture between Mahindra Lifespace Developers and B.E. Billimoria & Company. In this joint venture Mahindra Lifespace Developers will hold 70% while the rest will be with B.E. Billimoria & Company.
Bloomdale, spread across 25.25 acres, is located in the residential zone of the 4354 hectare MIHAN. The project offers a choice of apartments and individual homes with an array of 1 BHK, 2 BHK, 2 1/2 BHK, 3 BHK Apartments, 3BHK Row Houses and Duplex homes. These homes are designed in keeping with the ethos of the city of Nagpur. Like all projects by Mahindra Lifespaces, Bloomdale will be Green certified, built with environment friendly and energy efficient principles.
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