On Tuesday, Mahindra Lifespace Developers Ltd said that it has bought a land parcel in Maharashtra for the development of a housing project.

The company has informed in a BSE filing that it has,”acquired a land parcel in district Palghar, Maharashtra, ad measuring 85,000 square meters for Residential Development”.

Recently the company had posted 36 percent decline in consolidated net profit at Rs 15.11 crore for the quarter ended September.

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