-- Mahindra Lifespace Developers (NSE:MAHLIFE, BOM:532313) launched a residential project in Mahalaxmi, Mumbai, with an estimated gross development value of about 16.5 billion rupees, according to a Wednesday filing on Indian bourses.
Shares of the company rose nearly 3% in Thursday's trade.
The project, named Mahindra BeaconHill, is spread across about 1.68 acres and includes a 58-storey tower in South Mumbai, the filing said.