Mahindra Lifespace - Embarking On Path Of Expansion: ICICI Direct

A residential property developed by Mahindra Lifespace Developers Ltd. (Source: Company website).

Mahindra Lifespace - Embarking On Path Of Expansion: ICICI Direct

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

Mahindra Lifespace Developers Ltd., despite a weak H1 FY21 wherein sales value witnessed de-growth of 32% YoY, staged a strong comeback with FY21 sales value reaching Rs 695 crore, up 4% YoY.

The management also walked the talk by acquiring three land parcels at Kalyan, Kanakpura in Bengaluru and Pune with total sales potential of ~Rs 1500 crore.

With launch pipelines, new team in place and further plans of land acquisition, we expect the company to expand the residential segment, going ahead.

Click on the attachment to read the full report:

ICICI Direct Mahindra Lifespace Company Update.pdf

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