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Monday, October 29, 2012

Mahindra Lifespace Developers

With real estate stocks in deep trouble, it is common to generalize that the real estate industry is not doing well. As usual, there is an exception here.

- Mahindra Lifespace - has not reported slowdown even in 2008 financial crisis
- So far - completed 7.14 million sq ft in Mumbai, Chennai, Pune, National capital region(NCR) and Bangalore.
- Ongoing projects - 3.7 MSF
- Forthcoming projects - 6.84 MSF
- Land Bank: 12.1 MSF
- In process of building integrated business cities in Chennai ( 1550 Acres) and Jaipur (3000 Acres)
- Entered Nagpure - developing 25 acres
- Expected to launch first project in Hyderabad over 9.7 acres
- Debt-Equity Ratio : 0.16 times

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