Lodha Group Established in 1980, privately held Lodha Group
is India's No 1 real estate developer and amongst the world's select
multinational real estate developers with presence in India and the United
The Group is currently developing an estimated 43 million sq
ft of prime real estate with the largest land reserves in MMR, and has 28
ongoing projects across London, Mumbai, Pune and Hyderabad and expanding in
Bangalore. The group has the largest land bank of over 6,200 acres with an
estimated saleable area of ~553 million sq ft. In FY 14-15 alone the company
delivered 5.7 million square feet and 5,500 units across projects. The group
plans to deliver more than 11.8 million sq ft in FY 15-16.
Lodha’s vision of ‘Building a Better Life’ extends across
markets with several landmark developments to its credit including World One –
the world's tallest residential tower, and Palava City – the first Greenfield
smart city in the country. The group has brought some of the top global names
including Armani/Casa, Trump, Philippe Starck, Jade Jagger, Kelly Hoppen, Greg
Norman and Pei Cobb Freed to India. The Group has recorded the biggest land
deal in India till date, buying a plot for INR 4,053 Cr from the Mumbai
Metropolitan Region Development Authority (MMRDA) in 2010, where it is
developing New Cuffe Parade, a world-class mixed use development set to become
the new city centre of Mumbai. The group has acquired other notable land
parcels in Mumbai such as the 88-acre land parcel in the Thane region; the 17
acres Mumbai Textile Mills parcel for ~INR 2,727 Cr from DLF, and the famous
Washington House property on Altamount Road from the American government.
In November 2013, the Group extended its international
footprint with the acquisition of the landmark MacDonald House at 1 Grosvenor
Square in Prime Central London from the Canadian Government for a consideration
of over GBP 300 million (INR 3,100 Cr).
It was selected as the preferred bidder in the face of serious
competition from sovereign wealth funds and leading developers from across the
globe. With this acquisition, the Group has set up business in the UK with a
planned investment of GBP 3 billion (>INR 30,000 Cr) over the next 5 years
and enthused India by its move towards creating an Indian multinational. The
Group acquired another premium site in Prime Central London, ‘New Court’ at 48
Carey Street, taking the combined investment to GBP ~400 million. The group is
on target to deliver over 1,000 homes each year from 2017 and is planning a
further £3 billion worth of investment in the UK by 2018. With offices in
London, Dubai and Shanghai and planned openings in the USA and Singapore, the
Group is on the road to substantial international presence.
Lodha Group is one of the largest corporate entities in
Mumbai, with over 3,870 direct associates and over 25,000 workmen at its sites.
It has the largest technical manpower in real estate (1,800+ engineers, 800+
management professionals, 150 designers and architects) supporting an 1,800
strong construction management team. The company also comprises of over 550
marketing and sales professionals, supported by 300 customer care
representatives. The group is also the largest premier B-school recruiter,
having employed over 300 fresh graduates.