Awaiting Clearances

As part of our Wealth Creator Series , today we look at Mahindra Lifespaces. This is one of the 39 stocks that were short-listed that passed through our stringent stock screen filters.

Mahindra Lifespaces has recently started getting a few clearances for its forthcoming projects and a couple of new launches are expected in the near term. Concern: Impact on demand due to direct tax code (DTC) has been an overhang on Mahindra World City's portfolio, comprising 53 per cent of invested capital, since DTC seeks to remove some of the existing incentives benefiting the SEZ occupants.

To read about how we arrived at the list click here. To read about stocks from the Wealth Creator List, click here.

This article was originally published on August 27, 2012.