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New Delhi: Mahindra World City Developersis a subsidiary of Mahindra Lifespace DevelopersHas transferred 9.24 acres of land on perpetual lease within Mahindra World City, Chennai To Alliance Budget Housing for multi-storey development residential Project.
The project will be in addition to the existing residential and commercial offerings of Mahindra World City.
The company has recently appointed Amit Kumar Sinha as Additional Director with effect from February 23, 2023. Sinha has also been appointed as the Managing Director (Designate) of the company from February 23, 2023 to May 22, 2023. With effect from May 23, 2023, he will take over as full-time MD & CEO of the company for a period of five years till May 22, 2028.
It had reported a growth of 37.17 per cent in its net consolidated profit during the quarter ended December 31, 2022. Its profit after tax (PAT) in Q3FY23 stood at Rs 34.10 crore, as against Rs 24.86 crore reported in the corresponding quarter of 2019. last year. Its net consolidated income for the third quarter of FY23 stood at Rs 198.14 crore, a growth of 494.66 per cent from Rs 33.32 crore reported in the same quarter last year.
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