LODHA PLACE
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.
Rising heat makes water a key selling point for Indian builders
Large property developers in India are incorporating water conservation measures into their projects to mitigate environmental impact and address the challenges of water stress and the looming summer heatwave. This proactive approach promotes city resilience and sustainability amid climate change, safeguarding citizen well-being and equity.
Nazara Tech, Resurgent consortium bidders for Smaaash
Smaaash owes creditors led by Edelweiss ARC about Rs 452 crore. Other lenders to the company are Yes Bank, Sidbi and Mabella Investment Advisors. It was admitted to bankruptcy in May 2022. Resolution professional Bhrugesh Amin has listed gaming machines, go-kart, bowling alleys and other entertainment devices spread across 13 centres as assets.
Lodha raises $400 million QIP from investors including Invesco Oppenheimer, Blackrock, APG
Realty developer Lodha, listed as Macrotech Developers, has raised $400 million or over Rs 3,300 crore from global and domestic institutional investors including Invesco Oppenheimer, Blackrock, Carmignac, APG, and HDFC Life with an issue of equity share sale through qualified institutional placement (QIP).
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.
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.
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