Sharekhan research report on Mahindra Lifespace developers
Property registration in Mumbai and Maharashtra show signs pushed in Q1FY2022 and July to date. The inventory of unsold Q-O-Q and under Y-O-Y during Q1FY2022. Healthy traction in the MLDL operating area shows sales of Q1FY2022 to be around H1FY2021 and significantly higher y-o-y. The collection becomes much better Y-O-Y, because of the low and lower impact of the second-19 covid wave on consumers. We hope the new launch of Q2FY2022, which along with the increase in realty market will help in healthy pre-sales for FY2022. The company actively pursues hospitals. 4,500 crore is worth the growth in future growth.
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We maintain purchases at Mahindra Lifespace Developers Limited (MLDL) with PT Revised RS. 795, because of the prospect of strong growth and comfort assessment.