Lodha Group


Lodha Group is an Indian real estate company with its headquarters in Mumbai, India. It was founded in 1980 by Mangal Prabhat Lodha. It has developed residential and commercial properties in Mumbai, Thane, Hyderabad, Pune and London. Some of its notable projects include Lodha Altamount, The World Towers, Lodha Bellissimo, Trump Tower Mumbai and Lodha Park. The company is also credited for developing Palava, an integrated smart city near Mumbai.

History

Lodha Group was established by 1980 by Mangal Lodha, a businessman and politician, who serves as Member of Legislative Assembly.
In September 2007, the Deutsche Bank made an investment of by subscribing to the compulsorily convertible debentures of Lodha's subsidiary, Cowtown Land Development Limited.
In May 2010, the company emerged the highest bidder to acquire a 22.5-acre plot in Wadala, Mumbai, for from Mumbai Metropolitan Region Development Authority.
In December 2012, Lodha Group acquired Washington House, a residential building owned by the US consulate on Altamont Road, for.
It purchased a 17 acres land in Mumbai's prime location from DLF for about, nearly four times higher than the price at which DLF had bought the land in 2005.
In November 2013, Lodha Group brought Macdonald House, London, a seven-storey building in central London from the Government of Canada for. The company acquired 87 acres of land in Thane from Clariant Chemicals India for.
It received an investment of from Piramal Fund Management for one of the company's project in May 2016.
In September 2019, it was announced that the company was about to sell 7 lakh sq ft office space in Mumbai, India to Singapore-based Varde Partners for about. Earlier, Lodha sold its 29-storey office building in Mumbai's Wadala for to Tata Group's retail arm Trent.

Partnership

In September 2013, Lodha Group partnered with Donald Trump for the development of Trump Tower Mumbai, an 800-ft-tall, 77-storey residential tower at Lower Parel, Mumbai. Lodha Group has partnered with a number of celebrities to be brand ambassadors, including Aishwarya Rai, Amitabh Bachchan, Akshay Kumar and Twinkle Khanna.

Awards