Which city are you from? Please select city here.

Rs , sq ft

Removed from Shortlist

My Shortlist ()
Keep track of your shortlisted properties here. Shortlist a property to get started.

Lodha Group goes for smaller and affordable flats

1 Comment Sub Category:Cities,Mumbai,Realty News,Residential Real Estate Posted On: Dec 20, 2012

Lodha groupThe real estate developer Lodha Group goes for smaller and affordable flats due to the slow sales in Mumbai.

Due to the sluggish demand, Lodha Group is planning to sell its upcoming premium residential project on a first-come-first-serve basis in Worli, Mumbai. The project is centrally located and well connected.

Lodha group will start distributing applications along with a prospectus on the project from January 7. The application need to filled by the home buyers and submit it by the third week of January.

The project will have two, three and four bedroom apartments. Lodha Group will be disclosing the price on January 16.

In the Lower Parel area, Lodha was quoting a price of Rs 8.5 crore for a 3,000 sq ft basic apartment in World Crest, hence the real estate consultants are expecting the company to keep the price of a 2BHK apartment at around Rs 3.5 crore and keep the unit sizes to be less than 1,000 sq ft for a 2BHK apartment.

These days, in South Mumbai 2BHK apartments will not be available for Rs 3 crores. The price of 2BHK apartment in Goregaon and Jogeshwari is for Rs 2.5 crores.

Recently, Lodha had bought a plot from DLF, for Rs 2,727 crores. Lodha named the project as ‘ Blue Moon’ which will have around 2,000 apartments. According to sources, the company is planning to choose home buyers using algorithm based system.

The buyers will have to give options in terms of floor size, configurations and so on.

Related forum discussion:

Read more news:

Lodha Group launches new five star residential project near Pune

Lodha Group to seek PE support for DLF deal

Real estate player to sell land parcel to Lodha Group and PE firm

One Response to “Lodha Group goes for smaller and affordable flats”

  1. [...] Lodha Group goes for smaller and affordable flats [...]

Leave a Reply



CommonFloor Property Search Mobile App now available on Android, iOS and Windows!