LODHA PLACE LOWER PAREL
UK Consulate buys nearly 15,000 sq ft office in Mumbai’s Lower Parel
The UK Consulate has acquired the office space spread across a total 12 units on the 19th floor of the tower from Lodha Group’s listed entity Macrotech Developers.
Lodha records 179% on-year rise in Q3 net profit at Rs 570 crore
Real estate developer Lodha, listed as Macrotech Developers, reported a 179% year-on-year increase in net profit to Rs 570 crore for the quarter ended December. The company's revenue from operations also rose 65% to Rs 2,930 crore. Lodha added three new projects during the quarter, with a gross development value potential of Rs 6,000 crores, exceeding its guidance of Rs 17,500 crores project addition for the year.
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.”
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.
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International Jazz Day 2023: Check list of Mumbai shows, venue, timings
As International Jazz Day nears, Mumbai is all set to make it yet another year to witness musical shows chirping around the city of dreams.
CDSL buys 46,000 sq ft office in Mumbai’s Lower Parel for Rs 163 crore
The developer Marathon Nextgen Realty has also launched a commercial tower in Mulund suburb of Mumbai and is planning another commercial tower at Byculla in Central Mumbai through a joint venture with Adani Realty, the listed company said in a regulatory filing.
Blackstone’s Nucleus Office Parks leases 7.5 lakh sq ft with Rs 1,100 cr rental income
The operating platform has completed fresh office projects spread over nearly 2.5 million sq ft across its developments including in Mumbai’s Lower Parel, Bangalore’s Outer Ring Road (ORR) and Gurgaon, taking its total portfolio size to over 22 million sq ft.
Media companies will have to create content for a consumer who demands entertainment in a place
“We are creating a future-ready company that will deliver top-notch content across platforms,” says Goenka. “The merged entity will have 75 channels, 2 OTT platforms and a presence in 190-plus countries. Though I think, for the foreseeable future, India will remain a linear and digital market, investments in digital will significantly increase."
Lodha Group raises Rs 4,000 crore from foreign, domestic investors through QIP
Capital Group, Ivanhoe Cambridge, GIC, Nomura, Oppenheimer, Tata Mutual Fund among key investors
Cruise drugs case: NCB vigilance team reaches Mumbai; visits Lower Parel, cruise terminal
The four-five member team, led by NCB's Deputy Director General (northern region) Gyaneshwar Singh, is also likely to visit a few other places and will also record the statement of Prabhakar Sail, an independent witness in the case.
South-Central Mumbai luxury home sales records sharp pick up in October
South-central Mumbai localities – including Tardeo, Mahalaxmi, Worli, Prabhadevi, Byculla and Lower Parel – have witnessed a jump of more than 230% year-on-year in monthly sales to Rs 500 crore, showed data from Anarock Property Consultants. In October last year, these localities had recorded sales of Rs 150 crore for apartments priced above Rs 5 crore.
What luxe home buyers seek in a post-Covid world: Spacious and holistic properties
It’s not just the house within; customers also want the openness, greenery and more.
A sense of deep loss to stand-ins, social distancing is bringing mannequins to life
Humans have long created fake-humans to stand in for them. The ritual burning of human figures that is part of festivals from Holi to the Burning Man event in the US possibly had its origins at a time when actual human sacrifice became less acceptable.
Heavy downpour in Mumbai region; rail, road transport affected
Dahanu in Palghar recorded over 350 mm rainfall in the 12-hour period ending at 5.30 am on Wednesday, while some areas in Thane received over 150 mm during the period, the India Meteorological Department (IMD) said.
Riyaaz Amlani welcomes move to keep Mumbai restaurants open 24x7, says will improve work-life balance
Impresario Handmade Restaurants boss believes this move will add to the vibrancy of the city.
Varde Partners acquires Wadala office building from Lodha
Built in 2018, the said office building has over 827,000 sq ft of office space spread over 29 floors and forms part of a 22-acre mixed-use development. The project’s anchor tenants include Tata International, GMM Pfaudler and Axis Bank. The five floors in this building purchased by Tata Group in 2019 will continue to be owned by Tata, the investment firm said in a release.
Lodha looks to raise Rs 1,500 cr from two commercial assets in Mumbai
Lodha Xperia Mall is spread over 20 acres in the developer’s integrated township Palava City. The development is counted among India’s largest planned destination malls in terms of land area. It offers a combination of shopping arcade, outdoor adventure facility, a children’s museum, water sports on the lake and food zones.
Lodha Park, Worli: Homing in on a connected lifestyle
There is also a full-length cricket pitch where you can call your friends over for a Sunday game.
Lodha Banks aims to be debt free in 2 years
Realty developer Lodha Group is aiming to turn debt free over the next two years, aided by the brisk sales performance in its recently launched affordable housing vertical.
Dollar bond worth less than half of a tower in Lower Parel: Abhishek Lodha
This bond is a very minuscule part of our cash flow and we have full arrangements in place to do it.
How even with crumbling infra, Lower Parel remains the nub of Mumbai's economic activities
Mills became malls in Lower Parel. Today, even with crumbling infra, bent regulations and lax supervision leading to two tragedies, it remains the nub of Mumbai’s economic activities.
Kamala Mills fire: Lookout notices against 2 co-owners of pub which caught fire
A senior police official said lookout notices have been issued against Hitesh Sanghvi and Jigar Sanghvi, the co-owners of '1 Above' pub, which is run by C Grade Hospitality.
HDFC Property Fund makes Rs 1,500 crore exit from Lodha's World Towers
The project spread over 17 acres has total 4 million sq ft of saleable area with expected realisation of Rs 15,000 crore.
Restaurant Review: Dine in style at Lower Parel's new hip joint The Bombay Canteen
If on a drunken night out, an old Parsi bungalow found its way into the arms of a hip Brooklyn pub, the Bombay Canteen would be their love child.
Mumbai-based Lodha Group to sell Lower Parel project through IPO model
Given the large size of the Mumbai Textile Mills plot, Lodha is getting the flexibility to use volume strategy even in the luxury product segment.
Lodha Group pays balance Rs 725 crore to DLF for land parcel in Lower Parel
Lodha had earlier paid Rs 500 crore to DLF as an upfront towards equity component of the total consideration.
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