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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.
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).
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]
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.
He is the founder of the Macrotech Developers, a Mumbai-based real estate developer. [4] He is also the Member of the Legislative Assembly representing the Malabar Hill constituency of South Mumbai. [5] 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]
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]
Pages in category "Real estate companies of India" The following 38 pages are in this category, out of 38 total. ... Lodha Group; Logix Group; M. Mantri Developers; O ...
Pages in category "Real estate companies based in Mumbai" The following 8 pages are in this category, out of 8 total. ... Lodha Group; M. Mahindra Lifespaces; P.