Lodha
The Mumbai based Lodha group has acquired Clariant Chemicals’ 87-acre plot of land in Thane, Mumbai for Rs. 1,154 crore. The deal was announced by Indian arm of Switzerland-based Clariant International in a filing to BSE. The company had the approval of shareholder to sell the parcel of land. The sale is subject to regulatory [...] Continue Reading »
In what marks a continuation of its aggressive strategy to buy properties in India and overseas, Lodha Group has acquired its second asset in London for £90 million ($150 million or approximately Rs 930 crore). The group’s recent acquisition is a property called New Court. It is located on Carey Street next to the London [...] Continue Reading »
The Mumbai high court sought response to social activist Vikrant Karnik’s letter alleging illegalities in sale of flats. The bench comprising of bench of Justices S J Vazifdar and B P Colabawala issued notices to the state chief secretary, leading developers, Income-Tax and municipal commissioners of Thane and Mumbai. In early 2013, the court had, [...] Continue Reading »
Property prices in Mumbai are forecasted to come down due to factors like high prices, lower demand and liquidity issues. Also, at the same time due to no new launches in Gurgaon, prices may go up, as per a report by Bank of America Merill Lynch. As per reports, in last ten years, property prices in Mumbai have [...] Continue Reading »
Lodha Group is all set to achieve a new feat which has not been achieved by any other builder. The group is set to get new sales of over 70% this fiscal year to cross the Rs 10,000 crore mark. The MD of the company has claimed that they have been in the Rs 5,000-6,000 [...] Continue Reading »
In today’s time when properties in Mumbai have less demand due to heavy property prices, Lodha Group got an overwhelming response for its upcoming project in the city. The group has received around 1,300 applications from interested buyers for their upcoming project in Mumbai. The number which they have received is more than double the [...] Continue Reading »
One of the renowned developers in India, Lodha Group based in Mumbai recently started with a new scheme projects. An ‘initial public offer’ has been used by the developer to sell apartments at their latest premium project located in Lower Parel in Central Mumbai. The project, which is spread across 17.5 acres called Blue Moon, [...] Continue Reading »
Owing to abounding investments of non resident Indians (NRIs), alluring offers provided by the builders and changing lifestyles of buyers, the demand for luxury housing market is gradually cheering up in the metros. The demand for luxury and ultra-luxury homes is growing, particularly for those ranging between Rs 1 crore to Rs 20 crore, or [...] Continue Reading »
Mumbai- Inspite of downfall in sale, the demand for ultra-luxury and luxury homes is rising in the metro cities. A few luxury residential projects were launched despite of dullness in the real estate sector, according to a report by Jones Lang LaSalle, a real estate consultancy firm. The rise in the number of high networth [...] Continue Reading »
In Kolkata, Mumbai and New Delhi flats are yet to be constructed with the best of best luxuries in them. In Gurgaon, developer M3M has recently launched homes based around the sport of Polo. Here, the developer has tied up with Polo player Adhiraj Singh, who runs Equisport Management, to offer Polo training and horse [...] Continue Reading »
