Lodha Group
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| Private | |
| Industry | Real Estate |
| Founded | 1980 |
| Founder | Mangal Prabhat Lodha |
| Headquarters | Mumbai, India |
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Area served
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India and U.K. |
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Key people
|
Abhishek Lodha, Managing Director |
| Products | |
| Revenue | $2.5 Billion (2015) |
| $300 Million (2015) | |
| Website | www.lodhagroup.com |
Lodha Group is a privately-held real estate developer based in Mumbai, India established in 1980. The company is among India’s top real estate companies known for its world-class commercial and residential properties. The majority of the properties are located in Mumbai. They also have a presence in Hyderabad, Pune and London.
Lodha Group was established in 1980 by Mangal Prabhat Lodha. Abhishek Lodha, son of Mangal Prabhat Lodha is in charge of the company’s development in Mumbai.
Some known projects are Lodha Bellissimo, Mumbai’s first invite-only project, and The World Towers which includes World One that will be the tallest residential only structure in the world.
The group has made several acquisitions including the Washington House property on Altamount Road from the American Government for Rs. 341.8 crores. Currently under construction, Altamount is from Lodha’s luxury collection, located at the world’s ten most expensive streets per sq.ft. price for properties.
In 2010, they recorded the biggest land deal in India to date by buying a plot for Rs. 4,053 crores from the Mumbai Metropolitan Region Development Authority, for developing a neighbourhood region called New Cuffe Parade.
In 2012, they recorded the biggest land deal in Mumbai’s prime location from DLF for approximately Rs. 2,700 crores. The group made its entry into United Kingdom by buying MacDonald House in Central London for 3,120 crores from the Canadian Government. The company also acquired a premium site near Covent Garden in Prime Central London that took their combined investment in the United Kingdom to roughly GBP 400 million.
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Wikipedia