Mahindra Lifespace's subsidiary launches second residential project ‘Mahindra Nestalgia'; stock climbs ~1.5%

16 Jun 2022 , 10:32 AM

Mahindra Lifespace Developers Limited has informed that its wholly-owned subsidiary Mahindra Bloomdale Developers Ltd., has launched its second residential project ‘Mahindra Nestalgia’.

The project is situated in Pimpri Chinchwad, Pune. The company has registered the said project with Maharashtra RERA.

This project caters to the customers in domestic as well as international markets.

Earlier in April 2022, the company announced buying 11.5 acres of land in the suburban Pimpri, in Pune. The land has an expected development potential of about 2 million sq. ft. of saleable area and a gross development value of Rs1,700 crore.

At around 10.31 AM, Mahindra Lifespace’s counter was trading at Rs410, up by 1.43% against its previous close of Rs404.20 on NSE. So far, it touched intraday high and low of Rs415 and Rs408.80 respectively.