In a recent development, Mahindra Lifespaces recorded sell of homes worth Rs. 350 crore in two days of project launch.
On 18th April, the company launched Mahindra Zen, Bangalore’s maiden net zero waste residential project. By far, it is receiving an overwhelming response from investors. Based on energy conservation concept it renders tranquil lifestyle amid the bustling silicon city. With several sustainable features, it is grabbing investors’ attention. With only limited inventory left, after two days of launch, Mahindra Lifespaces feel delighted to introduce a distinguish living address in the city.
The energy-saving gated community is looked upon as a trendsetter in Bangalore’s property market with a potential to change realty horizon.
With investors zest to own a home here, 150+ units in the project are sold within two days of launch. In the release, the company said 65% of the inventory is sold at a value of Rs. 350 crores.
Vimalendra Singh, Chief Business Officer (Residential) said, “The successful sales of Mahindra Zen reinforces our commitment to environmentally responsible development and highlights the growing preference for sustainable living among our customers in Bengaluru.”
He further said, “This achievement highlights the increasing awareness and desire among homebuyers to contribute to a greener future.”
A company meeting is scheduled for 26th April to approve annual audited standalone and consolidated financial statements for FY 2023-24. The company will also examine its quarterly performance in the fiscal ended on March 31st, 2024.
The company said any decision on a final dividend will be a topic of discussion in the meeting.
However, the sale didn’t make the company sail smoothing in the stock market.
Today, the market opened with a downward trade for Mahindra Lifespace. The company stock price stood at Rs. 623.80. The price valued at a depreciation of 3 rupees at the Bombay Stock Exchange (BSE).
