|₹298.8 / ₹122.33|
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Mahindra Lifespace Developers Limited (MLDL) is one of the leading real estate development companies in India. Mahindra Lifespace Developers Limited (MLDL), a wholly owned subsidiary of Mahindra & Mahindra Ltd came into existence with the demerger of the property development division of Great Eastern Shipping. MLDL was incorporated in 16th March of the year 1999 as a private limited company and in 18th August of the same year 1999, the company was converted into public limited company under the name of Gesco Corporation Limited. The Company along with its subsidiary companies is engaged in various infrastructure projects including, development of Special Economic Zones (SEZs), the development of real estate, residential projects in the mid-premium and affordable housing segments, integrated cities and industrial clusters. It is running in the platforms of design, development, construction and marketing of residential and commercial projects. As on 31st March 2019, the company had development potential of 1. 25 msft in yet to be launched phases of its ongoing projects and another 3. 90 msft in new projects for which design development or approvals are underway.