homeearnings NewsMahindra Lifespace targetting 6 more launches in FY24, pegs Pune project sales value at ₹1,400 crore
Mahindra Lifespace targetting 6 more launches in FY24, pegs Pune project sales value at ₹1,400 crore
Mahindra Lifespace Developers is on track with its plan to launch nine projects in the ongoing financial year. They have already achieved three successful launches so far.
Mahindra Lifespace Developers has completed three out of its planned nine launches in the second half of the financial year so far. Amit Kumar Sinha, the Managing Director and CEO of Mahindra Lifespace Developers told CNBC-TV8 the launches will hopefully, "enable us to achieve the targets set for this financial year and, more importantly, what we have publicly announced for the next financial year."
One of the noteworthy projects in Mahindra Lifespace's pipeline is the upcoming venture in Pune. The project is expected to offer a saleable area of approximately 1.5 million square feet (MSF) with an estimated sales value of ₹1,400 crore.
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The company recently made a strategic move by acquiring a 5.38-acre land parcel in the highly sought-after area of Wagholi in Pune. Wagholi, located in east Pune, is an upscale locality known for its well-established social infrastructure.
The region boasts an array of conveniences, including prestigious educational institutions such as Wellington College International, Euro School, and Poddar International School, catering to the educational needs of the local residents. Additionally, major commercial centres, including the renowned World Trade Centre and EON Free Zone, are situated in close proximity, further enhancing the appeal of the Wagholi locale for the upcoming Mahindra Lifespace project.
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For more details, watch the accompanying video
(Edited by : Shweta Mungre)
First Published: Nov 1, 2023 4:12 PM IST
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