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 Reportedly Plans IPO; However Denies Listing Plans
Jul 14 14
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
Jun 23 14
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.
Clariant Chemicals Agree to Sell 87 Acres of Land in Mumbai Suburb to Subsidiary of Lodha Developers Pvt. Ltd
Apr 15 14
Clariant Chemicals (India) Ltd. on April 15, 2014 has agreed to sell 87 acres of land in a Mumbai suburb for INR 11,542.5 million. The plot of land located in Kolshet, Thane, has been sold to a subsidiary of Lodha Developers Pvt. Ltd. The transaction is subject to closing conditions and relevant approvals.
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