Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Stock Report

| More

Mahindra Lifespaces strengthens its presence in Pune with successful launch of 'Centralis'

Posted On: 2019-03-07 14:50:34

Mahindra Lifespace Developers Limited ("Mahindra Lifespaces"), the real estate and infrastructure development business of the USD 20.7 billion Mahindra Group, continues to maintain strong focus on Pune as a priority growth market for the Company in India. The Company's latest mid-segment residential project 'Centralis' has received a remarkable response in the early launch phase. The project is strategically located in the heart of Pimpri, spans 4.5 acres and comprises more than 400 1 BHK and 2 BHK apartments across four towers. Apartments in Centralis range from 37.5 sq.m. (416.89 sq.ft.) to 53.44 sq.m. (593.85 sq. ft.) of carpet area; and are priced ~Rs 47.56 (all inclusive) lakhs onwards. The project is registered with Maharashtra Real Estate Regulatory Authority ("MahaRERA")*.

Ms. Sangeeta Prasad, Managing Director and Chief Executive Officer, Mahindra Lifespace Developers Limited, said, "We are delighted with the extremely encouraging response to the launch of Centralis. Pune has always reposed its trust and faith in Mahindra Lifespaces. We remain committed to enhancing our presence in the city as part of our strategy to grow our business in leading end-user driven real estate markets across India."

Centralis is Mahindra Lifespaces' fifth residential project in Pune. The project is in close proximity to educational instiiutions; hotels and restaurants; and malls and cinema theatres, in keeping with the Company's approach of ensuring convenient accessibility to key social infrastructure across its residential projects. Centralis is well connected to the Mumbai-Pune Expressway; the PCMC Link Road; extensive bus services; Pimpri and Chinchwad railway stations; and the Pune airport. The proposed Pimpri Metro station is located half a kilometer away.

Amenities at Centralis have been thoughtfully designed keeping in mind the evolving needs of home buyers. They include a swimming pool and kids' pool; gym; multipurpose court; tennis court; jogging track; clubhouse; l
Mahindra Lifespaces is focused on the development of green homes that boost user health and well-being and promote Sustainable Urbanisation in India. Centralis has been designed in an L-shaped layout that enhances natural light and ventilation. Utilities' costs are reduced via energy-efficient walls and roofs; artificial lighting design; and solar hot water systems. Other features include low-VOC paints for improved indoor air quality; treated organic waste for landscaping; rainwater harvesting; and waste segregation at every level. Centralis is GRIHA (Green Rating for Integrated Habitat Assessment) pre-certified 4 Star and will offer benefits of relatively lower maintenance costs.

Mahindra Lifespaces has been present in Pune since 2007 and has completed more than 2.87 mn sq. ft of development. Previous projects such as 'Mahindra Royale' in Pimpri-Chinchwad, 'The Woods' in Wakad and 'L'Artista' in Sopanbaug have been successfully sold out. Another mega residential project, 'Antheia' in Pimpri, is nearing completion, with 1000 homes already handed over.

Shares of MAHINDRA LIFESPACE DEVELOPERS LTD. was last trading in BSE at Rs.378.9 as compared to the previous close of Rs. 376.5. The total number of shares traded during the day was 2566 in over 92 trades.

The stock hit an intraday high of Rs. 382.9 and intraday low of 377.35. The net turnover during the day was Rs. 975458.

Source: Equity Bulls

Click here to send ur comments or to

Other Headlines:

Dynamic Industries Ltd board to consider divestment of subsidiary

Sonata Software makes Strategic Investment in Retail10X

Karnataka Bank reports Rs. 13.26 crore fraud to RBI

CCL Products India Ltd board declares interim dividend of Rs. 1.75

Sri KPR Industries Ltd board to consider sale of 1.5 MW wind mill unit

Vikas WSP Ltd receives export orders aggregating Rs. 176.84 crore

International Paper APPM Ltd to shut Rajahmundry facility from March 25 to March 30, 2019

Newly launched Domino's Pizza in Bangladesh breaks global record in first week

Sustained water conservation efforts in Suburban Tambaram, Chennai

James Warren Tea Ltd board approves buy back at Rs. 115

Escorts Ltd appoints Mr. Shailendra Agrawal as an Executive Director

EID Parry Ltd to invest Rs. 70 crore in subsidiary

Infosys to enter into agreement with The House Fund II, L P

US FDA completes audit of R&D facility of Aurigene Discovery Technologies Ltd

Jindal Stainless Park Ltd becomes subsidiary of Jindal Stainless Ltd

Raghav Productivity Enhancers bestowed with 'SME - Empowering India Awards 2019'

Tejas Networks appoints two new board of directors

Kallam Textiles Ltd calls for rights issue committee meeting on March 27, 2019

Tata Steel Bsl Ltd allots OCRPS worth Rs. 6700 crore to Tata Steel

Galaxy Surfactants Ltd board to consider interim dividend on March 29, 2019

ICRA reaffirms rating of Deepak Nitrite Ltd

Bharat Gears Ltd board fixes April 3, 2019 as record date for rights issue

Amber Enterprises India Ltd to acquires 80% in Sidwal Refigeration Industries Pvt Ltd

Sukhjit Starch & Chemicals Ltd board to consider allotment of bonus shares on March 30, 2019

EID Parry Ltd declares second interim dividend of Rs. 1

Alkem Laboratories Ltd update on US FDA Inspection at its facility located at St. Louis, USA

Mac Hotels Ltd calls for board meeting on March 29, 2019

Cadila's Pharmaceutical Technology Centre successfully completes USFDA inspection

Zydus receives final approval from the USFDA for Lurasidone Hydrochloride Tablets

Aurionpro wins prestigious order from a leading bank in Singapore

Steelco Gujarat Ltd updates on loan agreement with Costronal Holdings SA

Caplin Steriles gets USFDA approval for Glycopyrrolate Injection

Lupin launches generic Levothyroxine Sodium Tablets USP

Barclays and TCS partner to Help Children with Locomotor Disabilities

Mahindra World City, Jaipur launches eco-friendly bicycle sharing services

GVK Group stake in Mumbai Airport to increase to 74%

Tata Power SED bags Rs 1,200 crore contract from the Ministry of Defence

Woodsvilla Ltd fixes record date for sub-division of equity shares

Alembic Pharma receives USFDA Approval for Azelastine Hydrochloride Ophthalmic Solution, 0.05%

PVR Cinemas launches its 10th multiplex in Telangana

Garden Reach Shipbuilders & Engineers Ltd board to consider interim dividend on March 24, 2019

Jubilant Life Sciences Ltd updates on USFDA inspection at API facility, Nanjangud

MeDirect Bank Belgium, the Online Only Bank, Extends its Product Offerings with Infosys Finacle

Hansard Global Plc Selects SaaS-Based Majesco LifePlus Solutions to Transform their Business

ENIL commences radio station at Asansol

Mac Charles India Ltd seeks shareholders approval for related party transactions

1st Foundation Day of ICT-IOC

Infosys Ltd board to consider Q4, FY19 results on April 11 - 12, 2019

Syngene International wins CMO Leadership Awards presented by Life Science Leader Magazine

Rane Madras Ltd to invest $20 mn in US arm

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019