News: Mahindra Lifespaces will redevelop seven residential properties in Borivali West, Mumbai. The project offers an estimated gross development value of ₹1800 crore. The company also acquired land of 2.37 acres in South Bengaluru with an estimated development potential of 0.25 million sqft with a gross development value of ₹250 crore.
Views: The company had guided for residential pre sales of ₹2500 crore for FY25. It intends to continue its scalability drive through new business development having guided for a BD pipeline of ₹5000-6000 crore. With robust pre sales momentum driven by strong launch pipeline and comfortable balance sheet, Mahindra Lifespaces is a well placed developer poised for growth ahead.
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