Mahindra Lifespace Developers has announced the addition of a new residential project in Kalyan. The Company has agreed to the sale of 10.3 acres. This new project will offer approximately 7 lakh sq. ft. of carpet area and is expected to be launched in FY 2022.
Arvind Subramanian, Managing Director & CEO, Mahindra Lifespace Developers Ltd., said, “The the runaway success of our first residential project in Kalyan validates the growing demand for high quality, aspirational homes by trusted brands in this attractive suburb. Our latest land acquisition in Kalyan is aligned with our strategy of strengthening our presence in high-performing markets. We look forward to delivering our next outstanding project in Kalyan.”
Notably, this s is Mahindra Lifespaces’ second residential development in Kalyan after ‘Happinest Kalyan’, one of the fastest-selling value housing projects in the micro-market in 2019-20.
At around 2.49 pm, Mahindra Lifespaces was performing at Rs550 per piece up 1.5% on Sensex.