Its sales bookings or pre-sales in the residential vertical stood at Rs 449 crore in the year-ago period.
In its latest investors’ presentation, Mahindra Lifespace Developers Ltd informed that it sold 0.6 million sq ft and launched 1.36 million sq ft area during the first quarter of this fiscal.
The collection of funds from customers stood at Rs 527 crore. It handed over 957 homes to customers.
Recently, Mahindra Lifespace Developers reported a 67 per cent increase in consolidated net profit to Rs 85.55 crore for the June quarter of FY27.
Its net profit stood at Rs 51.26 crore in the year-ago period.
The total income zoomed to Rs 977.54 crore from Rs 40.61 crore in the corresponding quarter of the preceding year.Amit Kumar Sinha, Managing Director and CEO of Mahindra Lifespace Developers Ltd, said, “We have begun FY27 on a strong footing, delivering robust pre-sales growth and healthy profitability”.
Established in 1994, Mahindra Lifespace Developers Ltd has a portfolio of 55.50 million sq ft (saleable area) of completed, ongoing and forthcoming residential projects across seven cities.
It has over 5,500 acres of ongoing and forthcoming projects under development/management at its integrated developments/industrial clusters across four locations.