LODHA PLACE

Amitabh Bachchan buys land parcel in HoABL's Ayodhya project

Bollywood icon Amitabh Bachchan has purchased a land parcel in Ayodhya's 7-star mixed-use development, The Sarayu, near the soon-to-be-inaugurated Shri Ram Janmabhoomi Temple. The project spans 51 acres and includes residential plots, villas, and luxury apartments. While details of the plot's size and value remain undisclosed, it is estimated to exceed 10,000 sq ft, valued at nearly Rs 15 crore.

Amitabh Bachchan buys 10,000 sq ft plot worth Rs 14.5 cr in Ayodhya

The company has signed an MoU with The Leela Palaces, Hotels and Resorts to build a modern palace hotel in Ayodhya. In January last year, House of Abhinandan Lodha announced its plans to invest Rs 3,000 crore in Uttar Pradesh to develop integrated townships. Out of the total planned investments, Rs 1,000 crore will be made in Ayodhya.

Temple boom: Mega opportunities that Ayodhya real estate is throwing up

The real estate boom in Ayodhya has seen a rise in demand and inquiries. The temple town's economic viability, sentiment, and infrastructure have led to a 10-20% increase in land prices. Close to 15 hotel permits have been given, and Rs 30,000 crore has been invested in infrastructure upgrades. The entire region, including Kashi Vishwanath Corridor, Banaras, and Ayodhya, is expected to see a massive interest from developers and buyers. Ayodhya's real estate prices have soared, with a 6x to 10x increase in the last three to five years.

CEO@Work: We think about ourselves as a consumer goods company and our product is housing: Abhishek Lodha

“Housing causes the creation of the middle class and housing benefits immensely from the creation of the middle class. So this is the sector which will drive our economy for the next 15 years. I feel quite confident this is a very long cycle, unlike the typical cyclicality, which may be five, some people say five to seven years, some say 7-10 years, but whatever that may be.”

Dial M for Murder: Literary festival celebrating crime fiction & films to take place at Dehradun on November 3

​ The forthcoming Crime Literature Festival of India will focuses on just one genre of writing - crime literature, including but not limited to crime fiction, true crime, crime and tech, crime and film, crime in pop culture etc.

Polycab, Paytm & Lodha among stocks likely to enter MSCI Global, draw $900-m inflows

Others likely to feature in the index and benefit from global passive fund inflows are Polycab India and Tata Communications, wealth firm Nuvama Alternative & Quantitative Research said.

Axis AMC leases 2 floors in Lodha’s Mumbai tower

The company will be paying a monthly rent of Rs 1.2 crore for the office space spread over the 22nd and 23rd floors of the 39-storey tower, the sources said, adding that the space has already been handed over to the new tenant for fit-out work.

Macrotech Developers inks pact for mixed-use project in Mumbai’s Andheri

Realty developer Lodha’s listed company Macrotech Developers has entered into an agreement with Havemore Realty to develop the free-sale component of a 1.4-million-sq-ft Mumbai project in which HDFC was an investor. HDFC that has merged with HDFC Bank will get a certain built-up area as part of repayment of its investment made earlier.

How a Mumbai neighbourhood went from being a home of millhands to a melting pot of expats

But central Mumbai's Worli-Lower Parel corridor, once home to millhands at the now-mothballed factories of mid-19th century vintage, has lately emerged as the hotspot for the well-travelled global manager. And, new luxury projects, especially large gated communities such as Lodha World Towers, Raheja Vivarea, Indiabulls BLU Estate, Beau Monde and Planet Godrej, challenge the pecking order of plush addresses for expats, influential personalities and business leaders.

How can a diversified portfolio help you in mitigating your risks? Kushal Lodha answers

Asset allocation in terms of diversification does not necessarily mean that you need to be diversified when you are investing in equities. By diversification what we mean is that you need to have a very good portfolio in terms of investing in equities, bonds, mutual funds, index funds and even gold.

Tufropes Director Madhav Goel buys Rs 121-cr luxury apartment in South Mumbai’s Malabar Hill

The apartment spread over 9,546 sq ft is on the 19th floors of the super-luxury residential tower, Lodha Malabar, located on the plush Walkeshwar Road, opposite the governor’s estate. The under-construction tower is adjacent to the Arabian Sea and the Hanging Gardens.

JP Taparia family buys India’s costliest triplex apartment in SOBO’s Malabar Hill for Rs 369 cr

In India’s most expensive apartment deal ever, family of industrialist JP Taparia, founder of contraceptive maker Famy Care, has purchased a sea-view luxury triplex apartment for over Rs 369 crore in south Mumbai’s Malabar Hill from realty developer Lodha Group, said persons with direct knowledge of the development.

BJP leaders stage protest in Mumbai against Rahul Gandhi for 'insulting' OBCs

The BJP hit the streets when the Congress is also staging protests after Gandhi was disqualified as a Lok Sabha member on Friday following his conviction by a court in Surat for his Modi surname remark. Prime Minister Narendra Modi hails from the OBC community.

Maharashtra government invites private sector participation in skill development

"In India, we have around 4-5% skilled workforce while in developed countries this number goes up to 40%. We have to put in a lot of effort to reach that level," Lodha said, speaking at the ET Now Leaders of Tomorrow Awards event on Wednesday.

Encube announces its new R&D ‘Centre of Excellence’ at Lodha Lifesciences Hub, Palava

Macrotech Developers to launch 16 projects worth Rs 10,300 crore in H2 FY23

Macrotech Developers, which sells its properties under the Lodha brand, is one of the leading real estate firms in the country. It has a major presence in Mumbai Metropolitan Region (MMR) and Pune property markets, while recently making an entry into the Bengaluru market with one housing project.

Macrotech Developers looking to sell 5 lakh sq ft mall, 1.5-2 lakh sq ft office space: MD Abhishek Lodha

Mumbai-based Macrotech Developers, which sells its properties under the Lodha brand, is one of the leading real estate firms in the country. It has a major presence in Mumbai Metropolitan Region (MMR) and Pune property markets, while recently making entry into Bengaluru market with one housing project.

We had best ever sales of Rs 6,000 cr in H1, typically the weaker part of the year: Abhishek Lodha

“The underlying fundamentals of the housing industry are very strong and we strongly believe that housing volume in the big urban sectors will at least triple in the course of this decade and grow at a similar pace in the next decade. So in the next 10 to 15 years, we will see very strong growth in housing.”

Taarak Mehta Ka Ooltah Chashmah: Replacement of popular characters leads to emergence of memes. Check details here

The popular Hindi sitcom Taarak Mehta Ka Ooltah Chashmah or TMKOC, has witnessed many replacements in characters, including the lead character. And this has made the fans post funny memes and videos on Twitter.

Housing sales to breach pre-pandemic levels in 2022; demand momentum to continue despite interest rate hikes: Industry

Property consultant Anarock said housing sales this year across seven major cities -- Delhi-NCR, Mumbai Metropolitan Region (MMR), Chennai, Kolkata, Bengaluru, Hyderabad and Pune -- will cross 2,61,358 units recorded in 2019, the pre-pandemic level, but will fall short of the 2014 sales figure of 3.43 lakh units, the highest in the last 10 years.

The Roys may lose management control at Peerless

The National Company Law Tribunal’s (NCLT) Kolkata bench on Monday declared the allotment of shares by the company in favour of the promoters void. The NCLT also pronounced the purchase of company shares by the promoters from Lodha null and void. These transactions took place way back in 1987 and 1988, respectively.

Housing in India is at the start of a 10–15-year upcycle: Abhishek Lodha

“We firmly believe that housing in India is at the start of a long term –10-15 year – upcycle because of increasing demand driven by nuclear families, growing incomes and job creation and easy availability of mortgages. Equally important is the fact that home has become a much more important part of people’s lives after Covid, leading to increase in demand.”

Lodha Group records 271% jump in FY22 net profit at Rs 1,262 crore

For the quarter ended March, net profit grew 97% from a year ago Rs 573 crore on the back of Rs 36% rise in revenue at Rs 3,445 crore.