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Lodha Group was established by 1980 by Mangal Lodha, a businessman [10] and politician, who serves as Member of Legislative Assembly. [11]In September 2007, the Deutsche Bank made an investment of ₹ 1,640 crore (US$189 million) by subscribing to the compulsorily convertible debentures (CCDs) of Lodha's subsidiary, Cowtown Land Development Limited.
According to Forbes, as of June 2024, he is ranked as the 14th richest person in India, with a net worth of about US$13.5 Billion. [ 6 ] [ 7 ] In October 2024, Lodha was ranked 19th on Forbes list of India’s 100 richest tycoons, with a net worth of $11.4 billion.
It has also been reported that the actress has bought a 4-BHK residence in the project worth more than ₹ 5 crores (₹ 50,000,000). [11] After a billion-dollar pre-launch, Lodha Group launched the Lodha Park project in September and secured bookings worth ₹ 2,500 crores ( ₹ 25,000,000,000) on day one. [ 12 ]
South Asia ranking World ranking Name Net worth () Citizenship Residence Source(s) of wealth 1: 9: Mukesh Ambani: 116 billion: Mumbai: Reliance Industries: 2
The first phase of Palava City, spread over approximately 300 acres (120 ha), was completed in 2016. By 2016, the company had sold 1,350 homes worth ₹690 crore within the township of Palava. [6] The handover of 18,026 units to the customers was completed by December 2017. The second phase of the development began in 2014. [7] [8] [9]
The House of Abhinandan Lodha was founded in 2021 by Abhinandan Lodha, [2] [3] who previously served as the Deputy Managing Director at Lodha Group, [4] [5] a real estate company also based in Mumbai. [6] The company operates as a subsidiary of Lodha Ventures, [7] which was founded by Abhinandan Lodha in 2015. [8]
Mangal Lodha – owner of Lodha Group, Mumbai [28] [29] Rajesh Mehta - Indian billionaire businessman owner and executive chairman of the jewellery company Rajesh Exports. [30] Sanjiv Mehta - An India-born British businessman. He is the owner of "the East India company" [31]
The Lodha Group opened bookings for apartments at World One [22] on 29 November 2011. When the first round of bookings closed on 14 December 2014, Lodha had received ₹ 5 billion (US$58 million) worth of bookings, at an approximate rate of over ₹ 70,000 (US$810)– ₹ 80,000 (US$920) per sq ft.