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Net of Mahindra Lifespace up by 71% in Q1

Mahindra Lifespace has been doing well in their business where they are able to have a 72 per cent rise in net profit for the quarter that had ended June 30, 2012.The company is considered to be the real estate development arm of the Mahindra Group. The company is also doing pretty well with its expansion projects.

Mahindra Lifespaces Logo

Mahindra Lifespaces

They had already launched the second phase of its project at Nagpur. The project that they are planning at Pune is still awaiting approvals. The same is true with phases of Irish Court at Chennai. A company that is able to do well on its expansion would surely be having a good chance for development and success.

The group had also acquired two land parcels during the quarter. One outright and the other is through a joint development agreement. The company is looking forward for a better months to come this current fiscal year. They are doing well with their business for their people in the management department of the company were able to run their business smoothly.

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