September 21, 2014 2:11 AM ET

Real Estate Management and Development

Company Overview of Lodha Developers Private Limited

Company Overview

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.

Lodha Excelus

N.M. Joshi Marg

Mahalaxmi

Mumbai,  400 011

India

Founded in 1980

Phone:

91 22 2302 4400

Fax:

91 22 2300 0693

Key Executives for Lodha Developers Private Limited

Managing Director
Age: 35
Founder
Age: 59
Chief Financial Officer
Age: 40
Chief Operating Officer
Age: 60
President of Finance
Age: 58
Compensation as of Fiscal Year 2014.

Lodha Developers Private Limited Key Developments

HDFC Property Fund To Reportedly Exit From Four Projects

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.

Lodha Reportedly Plans IPO; However Denies Listing Plans

Lodha Developers Private Limited is planning an initial public offering (IPO) to raise about $1 billion, said people with knowledge of the matter. One person stated that the IPO may value the company about $10 billion. Two other people stated that Lodha will probably start trading in 2015. Lodha has held talks with investment banks about an IPO, though the process is at an early stage and no advisers have been hired, the people said. Lodha said in an e-mailed response: “We are well capitalized to meet our business growth plans through our internal cash flows, and have no plans of raising capital through a public listing at this time.”

IBM Partners with Lodha Group to Build Smart City Infrastructure for Palava

IBM has announced a partnership with Lodha Group to build and manage smart city infrastructure for Palava in India. Envisioned as a city of opportunity and spanning over 4,000 acres, Palava will incorporate IBM's smarter cities technology using advanced, data driven systems to integrate information from all city operations into a single system to improve efficiency and deliver an enhanced quality of life for residents. As a part of this strategic engagement, IBM Global Business Services developed the vision and detailed roadmap for Palava's smarter city imperatives. IBM is also creating the business architecture and operating procedures, implementing the technology platform and solutions, and will eventually manage the technology. IBM will support a central hub to monitor and enable coordination among Palava city and agencies involved in public safety and emergency management. Centralized city operations will allow for real-time monitoring of incidents and enable public safety personnel to take quick coordinated actions.

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