Real Estate Management and Development
Company Overview of Lodha Developers Private Limited
Lodha Developers Private Limited operates as a real estate developer that develops and sells residential and commercial properties in India. The company’s projects include apartments and homes, privilege clubs, and office spaces or boutique offices. It also offers real estate solutions to non-resident Indian clients. Lodha Developers Private Limited has a strategic partnership with IBM. The company was founded in 1980 and is based in Mumbai, India.
N.M. Joshi Marg
Mumbai, 400 011
Founded in 1980
Key Executives for Lodha Developers Private Limited
Compensation as of Fiscal Year 2014.
Lodha Developers Private Limited Key Developments
Lodha Developers Private Limited Presents at 10th Annual India Investment Forum, Sep-25-2014 08:30 AM
Sep 22 14
Lodha Developers Private Limited Presents at 10th Annual India Investment Forum, Sep-25-2014 08:30 AM. Venue: The Pierre, 2 East 61 st Street at Fifth Avenue, New York, NY 10065, United States. Speakers: Anurag Ramesh Mal Singhvi, Chief Financial Officer.
Lodha Plans To Invest $5 Billion In London Real Estate
Sep 22 14
Lodha Developers Private Limited is launching an aggressive drive to become one of the biggest investors in London’s residential property market with plans to spend as much as $5 billion by the end of 2018. Abhishek Lodha, Managing Director, said he planned to take on local incumbents such as The Berkeley Group Holdings plc (LSE:BKG) and Barratt Developments plc (LSE:BDEV) with a push to acquire properties that he described as “the largest foreign direct investment in the UK housing space ever”. Lodha said he now planned to spend about $3 billion acquiring new assets, alongside a further $2 billion for construction, to develop a slate of properties ranging from super-prime to mid-market. “We want to be among the top two developers in London in the next five years,” he said, “Our idea is to make significant investments, which will come out of the cash flows we are generating here in Mumbai.” “If we can keep growing in London and Mumbai, and that is enough to reinvest our profits, then there is no reason to be elsewhere,” Lodha said. He believed London buyers would have “no problem” purchasing properties from an Indian company, he added, given the group planned to build a “local business”, rather than acquiring an existing UK developer, initially by expanding its 15 staff to “around 25” by the end of 2014. “It is going to be based in London, operated out of London, run by people who know London,” Lodha said. “So the fact that it has shareholders operating elsewhere around the globe doesn’t make a difference.”
HDFC Property Fund To Reportedly Exit From Four Projects
Jul 27 14
HDFC Property Fund- HDFC India Real Estate Fund intends to exit four of its investments made from its offshore fund portfolio by the end of this year and hopes to earn healthy returns, according to people familiar with the development. A person directly involved in the process said, "Though the fund lifecycle ends in 2016, it is a good idea to start exits now, because money needs to be returned to investors and it's been 4-5 years since these investments were made." The person said that one of the key exits will be from Lodha Developers Ltd's World One project. A second person close to the development, who declined to be named, said, "The project is shaping up well with timely execution and good sales. The fund is expecting around 22% returns on the investment. We hope for an exit by December." Lodha's Managing Director, Abhisheck Lodha, didn't respond to the query on World One exit, Mint reported. Two other projects are Dosti Imperia and Acme Ozone which are underway and will take a few years to complete. The fourth exit will be from Embassy Knowledge Park.
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