Mahindra Happinest®, the affordable offering from Mahindra Lifespace Developers, today announced the successful digital-only launch of its second project in Palghar, Maharashtra's newest district and an emerging residential destination. More than a 100 Happinest Palghar homes have been sold online within just a week of launch by leveraging a pioneeringtechnology platform that offers a unique and immersive zero-touch homebuying experience for customers. This platform has been developed by Mahindra Lifespaces® in partnership with Sell.Do, a leading technology solutions provider to India's real estate industry.

A first-of-its-kind residential project in the Mumbai Metropolitan Region (MMR), Happinest Palghar offers value homes with an 'Energy Park' replete with over thirty carefully selected outdoor activities catering to all age groups. These unique activities exercise all senses; and improve fine and gross motor skills, strength, balance and muscular coordination. Moreover, homebuyers in Happinest Palghar have completed the entire purchase process online from the convenience of their homes by leveraging fully contactless transaction infrastructure, including virtual meetings, online product experience and selection of apartments, and digital documentation and payments.

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Mahindra Lifespace Developers announced that Mahindra Happinest Developers, a joint venture cum subsidiary of the Company, haslaunched its second residential project at Palghar, Mumbai Metropolitan Region. The project - 'Happinest - Palghar' is registered with Maharashtra RERA.

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Mahindra Lifespace Developers Ltd gained 8.19% today to trade at Rs 270.9. The S&P BSE Realty Index index is up 1.19% to quote at 1665.29. The index is up 7.61 % over last one month. Among the other constituents of the index, Indiabulls Real Estate Ltd increased 4.97% and Oberoi Realty Ltd added 1.94% on the day. The S&P BSE Realty Index index went down 18.82 % over last one year compared to the 2.2% surge in benchmark SENSEX.

Mahindra Lifespace Developers Ltd has added 28.57% over last one month compared to 7.61% gain in S&P BSE Realty Index index and 3.25% rise in the SENSEX. On the BSE, 3751 shares were traded in the counter so far compared with average daily volumes of 6575 shares in the past one month. The stock hit a record high of Rs 454.15 on 15 Oct 2019. The stock hit a 52-week low of Rs 171.2 on 07 May 2020.

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Redington India Ltd, Rail Vikas Nigam Ltd, Lemon Tree Hotels Ltd, Phoenix Mills Ltd are among the other stocks to see a surge in volumes on BSE today, 14 August 2020.

Mahindra Lifespace Developers Ltd witnessed volume of 31939 shares by 10:53 IST on BSE, a 13.97 times surge over two-week average daily volume of 2286 shares. The stock increased 11.86% to Rs.245.20. Volumes stood at 2834 shares in the last session.

Redington India Ltd saw volume of 2.68 lakh shares by 10:53 IST on BSE, a 7.18 fold spurt over two-week average daily volume of 37259 shares. The stock increased 16.58% to Rs.109.70. Volumes stood at 18585 shares in the last session.

Rail Vikas Nigam Ltd notched up volume of 21.99 lakh shares by 10:53 IST on BSE, a 5.38 fold spurt over two-week average daily volume of 4.09 lakh shares. The stock rose 10.28% to Rs.22.00. Volumes stood at 7.23 lakh shares in the last session.

Lemon Tree Hotels Ltd registered volume of 9.82 lakh shares by 10:52 IST on BSE, a 4.6 fold spurt over two-week average daily volume of 2.14 lakh shares. The stock slipped 4.96% to Rs.30.65. Volumes stood at 3.32 lakh shares in the last session.

Phoenix Mills Ltd registered volume of 11687 shares by 10:53 IST on BSE, a 4.44 fold spurt over two-week average daily volume of 2632 shares. The stock rose 6.24% to Rs.638.00. Volumes stood at 2204 shares in the last session.

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