Anita Arjundas, 

In a particularly tough year for real estate, Mahindra Lifespace stood out. Though standalone profit was halved, its consolidated revenues saw a 21% jump and profit grew by 11.5%. Mahindra Lifespace also completed a rights issue to raise capital, which was oversubscribed. The company used the money to repay its debts and inject funds into its growth plans. In January this year, at the Vibrant Gujarat Summit, the company announced a Rs 3,000 crore plan to set up an industrial park in the state. This will be its third such large-scale development—the projects in Chennai and Jaipur are at various stages of completion.