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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.
The company is headed by Rajiv Singh, who is the current chairman of the DLF Group. According to the Forbes listing of richest billionaires in 2023, Kushal Pal Singh, Chairman Emeritus, is the 19th richest man in India with a net worth of US$8.8 billion. The company's $ US$ 2 billion IPO in July 2007 was India's biggest IPO in history. [6]
Mangal Prabhat Lodha (born December 1955 [1] [2]) is an Indian billionaire businessman and politician. He is the minister of the Ministry of Tourism and of the Ministry of Skill Development and Entrepreneurship (Maharashtra) . [ 3 ]
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The House of Abhinandan Lodha (HOABL) is an Indian land development company headquartered in Mumbai. [1] It has been founded by Abhinandan Lodha and is a subsidiary of Lodha Ventures. The company focuses on residential plotted land developments and has projects in Goa , Himachal Pradesh , Maharashtra , Punjab , and Uttar Pradesh .
Lodha Park is an 18.5-acre (7.5 ha) luxury residential skyscraper project which was developed by the Lodha Group in the upscale Lower Parel neighborhood of Mumbai, Maharastra, India. The land for the project was purchased from DLF Limited in 2012 for approximately ₹ 2,800 crore (₹ 28,000,000,000). Lodha Park consists of 5 towers, each ...
ASPI measures the movement of share prices of all listed companies. It is based on market capitalisation. Weighting of shares is conducted in proportion to the issued ordinary capital of the listed companies, valued at current market price (i.e. market capitalisation). The base year is 1985, and the base value of the index is 100.
Lodha Altamount made history in November 2015 with the sale of the most expensive apartment in the country. A 10,000-square-foot apartment was sold for over ₹ 1.6 billion at ₹ 160,000 per square foot — the highest price per square foot ever paid in India. [8]