MAHLIFE

** Mahindra Lifespace Developers MALD.NS soars 12% to 348.6 rupees, highest in more than three weeks

** Stock biggest pct gainer on Nifty Realty index .NIFTYREAL, which is up 1.9%

** Real estate developer announces redevelopment project in partnership with Livingstone Infra in Mumbai's Mahalaxmi, with gross development value of 16.5 bln rupees ($190.7 mln)

** More than 4.2 mln shares traded, more than 16x the 30-day avg

** Stock rated "buy" on avg; median PT is 580 rupees, per data compiled by LSEG

** MALD sheds 26% YTD vs NIFTYREAL's 20% decline

($1 = 86.5050 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru)

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Feb 20 (Reuters) - Mahindra and Mahindra Ltd MAHM.NS:

• TO SUBSCRIBE TO EQUITY SHARES OF MMFSL AND MLDL TO FULL EXTENT OF THE COMPANY’S RIGHTS ENTITLEMENT

• TO SUBSCRIBE TO ADDITIONAL SHARES, UNSUBSCRIBED PORTION OF RIGHTS ISSUE

Source text: [ID:]

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Feb 18 (Reuters) - Mahindra Lifespace Developers Ltd MALD.NS:

• PARTNERS WITH LIVINGSTONE INFRA FOR REDEVELOPMENT PROJECT

• REDEVELOPMENT PROJECT HAS GROSS DEVELOPMENT VALUE OF 16.50 BILLION RUPEES

• REDEVELOPMENT PROJECT LOCATED IN MAHALAXMI, MUMBAI

Source text: ID:nBSE9lxHwC

Further company coverage: MALD.NS

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Feb 4 (Reuters) - Mahindra Lifespace Developers Ltd MALD.NS:

• ENTERED INTO SALE DEED FOR SALE OF COMMERCIAL PROPERTY AT DELHI

• TOTAL CONSIDERATION FOR SALE IS 295 MILLION RUPEES

Source text: ID:nNSEbvDFdB

Further company coverage: MALD.NS

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Feb 3 (Reuters) - Mahindra Lifespace Developers Ltd MALD.NS:

• MAHINDRA LIFESPACE DEVELOPERS - GETS PROJECT WITH GROSS DEVELOPMENT VALUE OF 9.50 BILLION RUPEES

Source text: ID:nBSE68H4t6

Further company coverage: MALD.NS

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Jan 23 (Reuters) - Mahindra Lifespace Developers Ltd MALD.NS:

• ACQUIRES 8.2-ACRE LAND PARCEL WITH A GDV OF ALMOST 10 BILLION RUPEES

Source text: ID:nBSE2WcrKh

Further company coverage: MALD.NS

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Dec 31 (Reuters) - Mahindra Lifespace Developers Ltd MALD.NS:

• MAHINDRA LIFESPACE - EXECUTED SALE DEED FOR TRANSFER OF LAND FROM MWCDL TO MIPCL

Source text: ID:nNSE8yXgph

Further company coverage: MALD.NS

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Dec 27 (Reuters) - Mahindra Lifespace Developers Ltd MALD.NS:

• GETS 165 MILLION RUPEES FROM SALE OF PROPERTY

Source text: ID:nBSE9qG4gc

Further company coverage: MALD.NS

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Dec 4 (Reuters) - Mahindra Lifespace Developers Ltd MALD.NS:

• MAHINDRA LIFESPACE - GOT TAX ORDERS FOR DEMAND OF 23.3 MILLION RUPEES, 31.3 MILLION RUPEES

Source text: ID:nBSE4BXM4p

Further company coverage: MALD.NS

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** Shares of real estate developer Mahindra Lifespace Developers MALD.NS closed 5.13% higher, its biggest one-day gain since Sept. 25

** Stock among top gainers on Nifty Realty Index .NIFTYREAL, which is up 2%

** Co's units and Sumitomo Corp 8053.T agree to invest 2.25 bln rupees ($26.70 mln) to expand industrial park in Tamil Nadu

** MALD marks second-busiest day in over two weeks, with over 276,000 shares traded

** Analysts' avg rating on stock is "buy," same as that on peer Godrej Properties GODR.NS; median PT is 700 rupees - LSEG data

** Stock down 11% YTD vs a 31% gain in .NIFTYREAL

($1 = 84.2625 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru)

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Nov 22 (Reuters) - Mahindra Lifespace Developers Ltd MALD.NS:

• MAHINDRA LIFESPACE - EXECUTED AGREEMENT FOR EXPANDING INDUSTRIAL PARK IN OF TAMIL NADU

• MAHINDRA LIFESPACE - JV PARTNERS OF MIPCL HAVE COMMITTED AN INFUSION OF 2.25 BILLION RUPEES FOR PROJECT

• MAHINDRA LIFESPACE - MWCDL, SUMITOMO CORPORATION, MIPCL EXECUTED JV AGREEMENT

Source text: ID:nNSE21NlfD

Further company coverage: MALD.NS

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Oct 15 (Reuters) - Mahindra Lifespace Developers Ltd MALD.NS:

• MAHINDRA LIFESPACE - NATIONAL COMMISSION DISMISSED COMPLAINT IN FAVOUR OF MLDL

Further company coverage: MALD.NS

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** India's Nifty realty index .NIFTYREAL adds ~1.5%, extends gains into second straight session

** India eases new property tax rules to now allow individuals to also opt for property sales with indexation benefits, or for new rule of sales without indexation benefits

** Before the 2-day rally, realty stocks had slid ~9% in 10 sessions since new rule was made mandatory in budget on July 23

** The 2-day rally cuts losses since budget day to ~7%, while the benchmark Nifty 50 .NSEI has dropped ~1%

** All 10 realty index members trading higher on the day, led by DLF's DLF.NS 2.7% increase

(Reporting by Hritam Mukherjee in Bengaluru)

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Aug 1 (Reuters) - Mahindra Lifespace Developers Ltd MALD.NS:

• INVESTED 403.1 MILLION RUPEES TO BUY CONVERTIBLE DEBENTURES OF AMPLE PARKS PROJECT1

• INVESTED 80 MILLION RUPEES TO ACQUIRE 7999200 SHARES OF AMPLE PARKS PROJECT 1

Source text for Eikon: ID:nNSE6fMGjY

Further company coverage: MALD.NS

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** Nifty realty index .NIFTYREAL rises 0.4%, set to snap four-session losing run

** Index among seven subsectors trading higher

** Prestige Estates PREG.NS and Mahindra Lifespace MALD.NS, up 5.1% and 3.2% respectively, leading gains

** Heaviest stock on index, DLF DLF.NS, up 1.9%; seven out of 10 members trading higher

** See removal of indexation as proposed in budget having "low impact" as bulk of housing demand still consumption driven and not investment, says Jefferies

** Believe NCR, Mumbai markets - where investor activity is higher - to be more impacted than other micro markets - CLSA

** But higher price appreciation in NCR, Mumbai markets will take care of indexation removal and is allaying investor fears, NCR-based realtor Gaurav Gupta told Reuters

** New regime negative where price appreciation is less than 10%/annum, says CLSA; price appreciation in NCR, Mumbai ~50% each in last 5 years - Anarock data

(Reporting by Hritam Mukherjee and Bharath Rajeswaran in Bengaluru)

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Updates

** India's Nifty realty index .NIFTYREAL reverses early gains to trade 3.2% lower, on track for worst day since June 4

** Government cuts long term capital gains tax (LTCG) on property sales to 20% (with indexation) to 12.5% (without indexation)

** Indexation allows raising the purchase price of an investment to adjust for inflation, which would mean a lower profit at sale, leading to lower taxes

** The indexation removal could lead to higher taxable gains, especially for properties held for a long time, said Amit Maheshwari, tax partner at AKM Global

** DLF DLF.NS fall 4.5%, while Brigade BRIG.NS, Macrotech MACE.NS and Godrej Properties GODR.NS drop 3.5%-4%

** Realty stocks had risen earlier after the government allocated 10 trln rupees ($119.6 bln) in urban housing boost

($1 = 83.6410 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru)

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July 17 (Reuters) - Mahindra Lifespace Developers Ltd MALD.NS:

• GOVERNMENT APPROVED PARTIAL DENOTIFICATION OF AREA UNDER SPECIAL ECONOMIC ZONE

• DENOTIFICATION WILL ENABLE MWCDL TO LEASE DE-NOTIFIED LAND

Source text for Eikon: ID:nBSEbt1DdD

Further company coverage: MALD.NS

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** Shares of real estate developer Mahindra Lifespace Developers MALD.NS up 3.3%

** MALD top pct gainer among realty stocks .NIFTYREAL, which is down 0.5%

** Co on Thursday said it closed deals worth 20.50 bln rupees ($245.6 mln)

** Deals include redeveloping seven residential societies in Mumbai for 18 bln rupees, and purchasing land in Bengaluru for 2.50 bln

** Trading vols 4.7x 30-day avg

** YTD stock has risen ~16% YTD vs an over 42% jump in realty index

($1 = 83.4800 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru)

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July 4 (Reuters) - Mahindra Lifespace Developers Ltd MALD.NS:

• CLOSES DEALS WORTH 20.50 BILLION RUPEES

Further company coverage: MALD.NS

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April 26 (Reuters) - Mahindra Lifespace Developers Ltd MALD.NS:

• DIVIDEND 2.65 RUPEES PER SHARE

Source text for Eikon: ID:nNSEsyyxZ

Further company coverage: MALD.NS

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April 18 (Reuters) - Mahindra Lifespace Developers Ltd MALD.NS:

• MAHINDRA LIFESPACE DEVELOPERS LTD - SELLS HOMES WORTH 3.50 BILLION RUPEES IN TWO DAYS AT MAHINDRA ZEN

Source text for Eikon: [ID:]

Further company coverage: MALD.NS

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** India's Nifty Realty index .NIFTYREAL jumps 1.76% to session-high after RBI keeps lending rates unchanged

** "Decision to maintain status quo will keep the ongoing residential real estate sales momentum on course and unimpeded" - Anuj Puri, Chairman of realty consultant ANAROCK

** 8 out of 10 stocks on the realty index are higher

** Top-weighted stock DLF DLF.NS up 1.7%

** Mahindra Lifespace MALD.NS top gainer, up 6.1% now vs vs 4% before RBI decision

** Consultancy Knight Frank believes RBI will take a more assertive stance to support growth, consider lowering rates at some point in 2024, which would be positive for demand in sector

** Realty stocks last up 1.6%, have risen 20% this year vs blue-chip Nifty 50 .NSEI index's 3.6% rise

(Reporting by Nandan Mandayam in Bengaluru)

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** Shares of Mahindra Lifespace Developers MALD.NS up 1.8%; after rising as much as 4.4% to session's high of 589.9 rupees

** Real estate developer said on Wednesday it had purchased about 2 acres of land in Bengaluru

** The land is estimated to have a developable potential of around 0.2 million square feet, valued at about 2.25 bln rupees ($27 mln) - MALD

** Stock on track for a fifth consecutive session of gains; eyes second straight week of gains

** MALD, however, is poised to end its four-month streak of gains, if trends hold

** Including session's gains, stock up 6% YTD

($1 = 83.3630 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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** Nifty Realty index .NIFTYREAL up 1.2%, gained more than 7% in past four sessions

** Data shared by property consultancy firm ANAROCK shows India's housing sales in Jan-March quarter rose 14%

** The quarter recorded highest sales in last decade amid rise in demand for high-ticket priced homes - ANAROCK Chairman Anuj Puri

** Swan Energy SWAN.NS, Oberoi Realty OEBO.NS, Prestige Estates PREG.NS, Mahindra Lifespace MALD.NS up 1.7%-3.8%

** SWAN gained ~30% so far this qtr vs ~6% and 4% rise in OEBO and MALD, respectively, PREG up marginally

** All stocks on .NIFTYREAL are trading in green

(Reporting by Manvi Pant in Bengaluru)

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** Shares of Mahindra Lifespace Developers MALD.NS rise as much as 2.5% to 557 rupees

** Real estate developer to launch a residential project in Bengaluru

** Stock on track to gain for 2nd consecutive day

** MALD last up 1.9%, taking YTD gains to ~2%

(Reporting by Meenakshi Maidas in Bengaluru)

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** Shares of Mahindra Lifespace Developers MALD.NS rise as much as 2.4% to 615 rupees; but stock pares gains, last up xx%

** The real-estate developer makes 8 bln rupees ($96.5 million) in sales in three days at a Mumbai project

** Average rating of six analysts covering the stock is "buy," similar to most peers in the Nifty Realty Index .NIFTYREAL

** Stock up ~11% YTD vs ~16% rise in Nifty Realty

** MALD had risen ~50% in 2023, underperforming realty index's ~81% gain

($1 = 82.8792 Indian rupees)

(Reporting by Nishit Navin in Bengaluru)

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Feb 20 (Reuters) - Mahindra Lifespace Developers Ltd MALD.NS:

• UNIT IS UNDERTAKING LAUNCH OF A PROJECT IN CHENNAI

Further company coverage: MALD.NS

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** Shares of real estate developer Sunteck Realty SUNT.NS up 1.71% at 469.15 rupees

** Brokerage Investec says co's upcoming project launches in Mumbai Metropolitan Region (MMR) to aid pre-sales growth in coming quarters

** Expects unsold projects in commercial hub Bandra-Kurla Complex BKC to start to see pickup in sales

** Says co's rental income from commercial properties expected to improve 8x-9x to 3 bln rupees ($36.2 mln) in next 3 yrs

** Hikes SUNT's target price to 640 rupees from 560 rupees, retains "buy"

** SUNT's 9x P/E ratio relatively "attractive" vs MMR-focussed peers Mahindra Lifespace Developers' MALD.NS 20.6x and Keystone Realtors' KEYS.NS 17.6x - Investec

** All 10 analysts rating stock recommend "buy" or higher, median TP is 565 rupees - LSEG data

** YTD, SUNT up 5% vs ~13% rise each in MALD and KEYS

($1 = 82.9881 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru)

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** Shares of Indian realty stocks .NIFTYREAL fall between 1% and 4%

** "Key expectations of the real estate sector, including rationalization of indirect taxes, were not referred to in the budget speech," Mahaveer Jain, director of India Ratings and Research said

** Phoenix Mills's PHOE.NS 3.7% fall is the most on the index; Prestige PREG.NS and Sobha SOBH.NS down 2.1% each

** Godrej Properties GODR.NS, Brigade Enterprises BRIG.NS, Oberoi Realty NS>, and Mahindra Lifespace MALD.NS all down ~1% each

** Nifty realty index fell as much as 1.7% during the day before paring some losses; last down 0.7%

(Reporting by Kashish Tandon in Bengaluru)

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** Indian real estate going through optimistic times on the back of buoyant residential and commercial leasing segments, brokerage Elara Capital says

** Most developers posting robust residential real estate sales despite monsoon-ridden Q2; brokerage expects surge led by festival season, strong launch pipeline

** Office market resilient in Q2; banking, financial services and insurance players driving leasing activities owing to large deals closing - Elara

** Adds hybrid work mode, 'return to office' to help leasing gain momentum

** Trend of demand consolidation towards grade A developers to persist, commercial sector posed for stronger-than-expected FY24 led by steady occupier confidence - Elara

** Brokerage has "buy" rating on Macrotech Developers MACE.NS, Sobha SOBH.NS, Mahindra Lifespace Developers MALD.NS

** Rates Godrej Properties GODR.NS, Oberoi Realty OEBO.NS, Prestige Estates Projects PREG.NS and Brigade Enterprises BRIG.NS with "accumulate"

** Nifty Realty index .NIFTYREAL has climbed more than 60% so far this year, outperforming ~9% rise in Nifty 50 index .NSEI

(Reporting by Hritam Mukherjee in Bengaluru)

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