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Bullet train to boost job creation and housing demnad - Mahindra Lifespaces

Posted On: 2017-09-20 10:28:49

With reference to the upcoming bullet train project, connecting Mumbai and Ahmedabad, Prime Minister Narendra Modi along with Japanese Prime Minister Shinzo Abe lay the foundation stone for the same on September 14th. On the Ahmedabad-Mumbai route, total 12 stations have been proposed that include Mumbai, Thane, Virar, Boisar, Vapi, Bilimora, Surat, Bharuch, Vadodara, Anand, Ahmedabad and Sabarmati. The bullet train is also expected to drive other infrastructure developments in these cities.

For the same, Sriram Mahadevan, Business Head, Happinest, Mahindra Lifespace Developers Ltd. says, "The upcoming 508-km Mumbai-Ahmedabad High Speed Rail Project or bullet train is expected to be a mega developmental project. With 12 stations on route including Mumbai, Thane, Virar, Boisar, Vapi, Bilimora, Surat, Bharuch, Vadodara, Anand, Ahmedabad and Sabarmati - it will be a connectivity milestone. The project will especially usher in a new age of growth in outlying suburbs of Mumbai such as Boisar. It will spur the local economy and boost domestic industries via job creation. This in turn can boost demand for housing and other services. In addition, there will be increased development of social and lifestyle enhancing infrastructure and amenities."

Shares of MAHINDRA LIFESPACE DEVELOPERS LTD. was last trading in BSE at Rs.515.55 as compared to the previous close of Rs. 524.85. The total number of shares traded during the day was 13806 in over 498 trades.

The stock hit an intraday high of Rs. 527.2 and intraday low of 504. The net turnover during the day was Rs. 7116553.

Source: Equity Bulls

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