Mahindra Lifespaces surges on achieving sales of over Rs 800 crore in 3 days at Mahindra Vista

Mahindra Lifespace Developers is currently trading at Rs. 605.00, up by 3.45 points or 0.57% from its previous closing of Rs. 601.55 on the BSE.

The scrip opened at Rs. 604.10 and has touched a high and low of Rs. 614.95 and Rs. 594.45 respectively. So far 31425 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 632.80 on 05-Feb-2024 and a 52 week low of Rs. 316.10 on 28-Mar-2023.

Last one week high and low of the scrip stood at Rs. 621.00 and Rs. 570.00 respectively. The current market cap of the company is Rs. 9436.04 crore.

The promoters holding in the company stood at 51.18%, while Institutions and Non-Institutions held 31.73% and 17.09% respectively.

Mahindra Lifespace Developers (Mahindra Lifespaces) has achieved over Rs 800 crore in sales in three days at Mahindra Vista, India’s First Net Zero Waste + Energy Homes, located in Kandivali East, Mumbai. Against the backdrop of rising environmental concerns, Mahindra Lifespaces' innovative approach has resonated strongly with homebuyers, reaffirming the company's position as a leader in sustainable real estate development. Mahindra Lifespaces recently launched a Carbon Calculator, which has also sparked meaningful conversations around individual carbon footprints and sustainability, aligning with Mahindra Lifespaces' vision of inspiring individuals to make environmentally conscious choices.

Designed with climate-responsive principles, the project derives 100% of its power supply from renewable energy sources and is expected to save around 18 lakh kWh of energy through active and passive energy conservation methods, which is equivalent to powering 212 homes. It is also expected to divert around 8 lakh kg of waste away from landfills, which is equivalent to around 786 trucks of waste. The project will also deploy water conservation measures such as low-flow fixtures, treating and reusing sewage wastewater, efficient irrigation system etc., that will save 53% of water from external sources. Additionally, the development includes a dense urban forest that enriches the local biodiversity with over 1,000 indigenous trees.

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