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:

Opto Circuits India Ltd consolidated Q1 PAT at Rs. 10.79 crores

Industrial Investment Trust Ltd reports net profit of Rs. 7.17 crores in Q1

Moody's downgrades Indiabulls Housing Finance ratings; change the outlook to negative

LT Foods Ltd updates on consolidation of International Business

K.P.I. Global Infrastructure Ltd shifts PPA from IPP to CPP category

Sastasundar Ventures Ltd announces resignation of Director

L&T Technology Services launches unique incentive-based waste management program in DUMAD village near Vadodara

BWR BBB rating assigned to Baid Leasing and Finance Co. Ltd.

Federal Bank Launches Quick Car Loan Services - 19th August 2019

Jupiter Infomedia launches India's first Listed SME Focused News Portal -

Airtel appoints Rajesh Tapadia as CEO of Nxtra Data

Bajaj Finserv announces Fixed Deposits for NRI

INEOS Styrolution India Ltd appoints merchant banker to do due diligence for voluntary delisting

Modex International Securities Limited fixes Sep 7, 2019 as record date

Nestle India Ltd launches world's no. 1 cocoa-malt beverage - MILO in India

KEC International secures orders of Rs. 845 crore in the Railway Infrastructure sector

INOX Leisure Ltd discontinues operations at Poonam Mall, Nagpur

Mindtree Named U.K Market Leader in SAP HANA® and Leonardo Services by ISG

McDonald's inaugurates its First Restaurant in Nagpur

Dr. Reddy's Laboratories announces the launch of Versavo® (bevacizumab biosimilar) in India

L&T allots NCDs of Rs. 1400 crore

Earum Pharmaceuticals Ltd to launch new range in Dermacare Product

Pennar Industries bags orders worth INR 538 crore

Modex International Securities Ltd Board recommends Bonus Issue

Glenmark receives approval for combination of Remogliflozin Etabonate and Metformin Hydrochloride for adults with type 2 diabetes in India

Operations disrupted at Hitech Corporation Ltd's Baddi unit

Allen Solly launches its First Ever Jeans campaign

MoU signed between HCL and Maharashtra Airport Development Company for expansion of MIHAN campus

INOX Leisure Ltd opens 3 screens multiplex at Umrao Mall, Lucknow

Tech Mahindra Ltd divests 73.38% stake in FixStream Networks Ine., USA

Ajmera Realty and Infra India Ltd awarded Developer of the Year - Residential category award

CARE reaffirms ratings of Chaman Lal Setia Exports Ltd

Hon'ble NCLAT upholds the Resolution Plan of MBL Infra

Avana's Water Conservation Solution Becomes Best CSR Idea Of The Year

Coffee Day Enterprises Ltd update On Debt Position

Mahindra inaugurates its 1st automotive assembly plant in Sri Lanka, expands global footprint

TVS Motor Singapore invests US$ 3.2 Million in Predictronics Corporation

NACL Industries Ltd reports financial results for Q1 FY20

Precision Camshafts Limited - Q1 FY2020 results

SREI Equipment Finance Ltd's NCD issue opens on Aug 16, 2019

Transform Banking with Newgen at FIBAC 2019

Hero MotoCorp surpasses milestone of 1000 women employees

Sun Pharma and China Medical System Holdings Enter into Licensing Agreement for Generic Products in Mainland China

IFIN & RCFL initiate proceedings against SKIL Infrastructure Ltd

Kridhan Infra Limited - VNC wins new orders worth INR 145 Crores

Ram Ratna Wires Ltd fixes Aug 30, 2019 as record date for dividend

Himatsingka Seide Ltd clarifies on certain media reports

Master Trust Ltd fixes Aug 27, 2019 as record date for sub-division of equity shares

Advik Laboratories Ltd Board to consider sale of manufacturing unit

CARE downgrades ratings of Walchandnagar Industries Ltd

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

disclaimer copyright © 2005 - 2019