Mahindra Lifespace: Bhiwandi land appeal disposed against company, claim about Rs 10.63 cr
MAHLIFE · price
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Mahindra Lifespace Developers has disclosed that its appeal before the Sub-Divisional Officer, Bhiwandi, challenging an order by the Tahsildar and Executive Magistrate under the Maharashtra Land Revenue Code, 1966, has been disposed of against the company vide order dated 25 December 2024. The order quantifies a claim of about Rs 10.63 crore, the same amount already flagged earlier. The company says it has a strong case on merits and is evaluating the order, with plans to file a further statutory appeal before the competent authority. A certified copy was received on 6 November 2025.
Near-term negative sentiment as the appellate order goes against the company. Financial hit depends on the next appeal outcome; company plans to contest further.