Lodha Group

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Lodha Group, established in 1980 is a Mumbai based real estate developer into housing and commercial projects.[1] The Group is currently developing in excess of 35 million sq.ft. of real estate, with over 30 projects in and around Mumbai. The Group has also its presence in Hyderabad and Pune.[2]

Founder[edit]

Lodha Group was established in 1980 by Mangal Prabhat Lodha.[3] Abhinandan and Abhisheck, sons of Mangal Prabhat Lodha are in charge of the groups developments in Mumbai.[4]

Projects[edit]

Construction projects undertaken by Lodha Group
Type of project Name of project Location
Residential Lodha Bellissimo[5] Malalaxmi, Mumbai
Residential Lodha Aria[6] Parel, Mumbai
Residential Lodha Aqua[7] Dahisar, Mumbai
Residential Lodha Eternis Andheri East, Mumbai
Residential Lodha Luxuria Thane
Residential Lodha Aristo Thane
Residential Lodha Aurum Kanjurmarg, Mumbai
Residential Lodha Goldcrest Lonavala
Residential (under construction) Casa Bella[8] Palava, Dombivali
Residential (under construction) World One[9] Lower Parel, Mumbai
Residential (under construction) Lodha Fiorenza[10] Goregaon, Mumbai
Residential (under construction) New Cuffe Parade[11] Wadala, Mumbai
Residential (under construction) Lodha Splendora Thane
Residential (under construction) Lodha Venezia Parel, Mumbai
Residential (under construction) Lodha Primero Mahalaxmi, Mumbai
Residential (under construction) Lodha Aurum Grande Kanjurmarg, Mumbai
Residential (under construction) Lodha Grandezza Thane
Residential (under construction) Lodha Belmondo Pune
Residential (under construction) Lodha Bellezza Hyderabad
Residential (under construction) The Park Worli, Mumbai
Commercial Lodha Excelus[12] Mahalakshmi, Mumbai
Commercial iThink by Lodha[13] Thane
Commercial Lodha Supremus[14] Worli, Mumbai
Commercial Lodha Boulevard Thane
Commercial (under construction) Lodha Supremus[15] Powai, Mumbai
Shopping Mall (under construction) Lodha Experia Palava, Dombivali

Lodha Codename The Centre

Acquisitions[edit]

In the last few years the Lodha Group has bought some prestigious properties in India and overseas. The list includes Macdonald House purchased with a $500 million deal with the Canadian government in central London,[16][17] Washington House on Altamount Road in Mumbai bought from the US Consulate for Rs. 375 Cr[18] and Mumbai Textile Mills 17-acre Mumbai with a development area of 5 million sq ft was bought from DLF for Rs. 2,700 Cr.[19]

Partnerships[edit]

Over time, Lodha Group has partnered with several designers, architects and consultants for various projects. Interior design partners include Phillippe Starck, whom Lodha Developers appointed for "yoo inspired by Starck", to design the residential development at New Cuffe Parade, Mumbai.[20][21] Jade Jagger is designing Lodha's Fiorenza project off the Western Express Highway in Goregaon, suburb in Mumbai [22][23] and Armani CASA: Armani/CASA, Interior Design Studio, which has been commissioned to design apartments for the World Towers.[24] The World Towers project comprises World One, the world’s tallest residential tower with 117 floors, and World Crest.[25] Apartments are expected to cost between Rs 7.5 crore and Rs 50 crore.[26] Design architects include Kapadia Associates Ltd., which Lodha partnered for architectural design[27] and Pei Cobb Freed & Partners.[28][29][30]

Service Partners include Quintessentially, the luxury concierge service which has parted with the group for World One[31][32] and Six Senses will be the brand’s first venture in a residential building with the developer.[33][34] Landscape Architects Sitetectonix, Singapore has been tied up as the landscape consultant for the four 63-storey towers New Cuffe Parade project in Wadala, Mumbai.[35][36] Ken Smith, has been contracted for the Landscape in World One project.[37][38] Structural Consultants Leslie E. Robertson Associates (LERA) New York based structural engineering consultancy has partnered with Lodha Developers for the World One project.[39][40] In terms of finance, HDFC sponsored a real estate fund of $54 million (Rs. 250 crore) investment in one of its special purpose vehicle (SPV) in Hyderabad for the development of the group’s residential and commercial projects in Hyderabad.[41][42] ICICI Venture which manages a $550 million dedicated India Advantage Fund Real Estate Series 1 has committed 13 investments including Lodha Elevation Buildcon.[43][44]

In Aug 2014, Lodha Group announced its tie up with Donald J Trump's Trump Organisation to build Trump Towers in Mumbai, within their project The Park (residential project), through a brand licencing deal. [45]

Notable Accomplishment[edit]

Lodha Group employs over 3000 associates and site-based employment includes 25,000 workers.[46] It was the first Indian real estate company to introduce a Customer Rewards Program[47] The group is credited for launcing one of India's first `By invitation only project', Lodha Bellissimo.[48] It was also the first to introduce LEED certification for commercial projects[49] In 2008 the group received Rs. 1,700 Cr. worth of funding from a consortium of investors led by Deutsche Bank making it one of the largest FDI deals in the history of Indian Real Estate [50] The group won the Green GOOD DESIGN Award 2012 for its iconic project World One[51]

References[edit]

  1. ^ Ghosh, Sugata (4 June 2010). "Lodha to gift Mumbai world's tallest homes". Economic Times. Retrieved 20 December 2013. 
  2. ^ "Lodha Group plans IPO to fund projects". Economic Times. 8 April 2008. Retrieved 10 December 2013. 
  3. ^ Nazneen, Karmali (29 November 2013). "Indian Billionaire Developer Mangal Prabhat Lodha Enters London, Buys $500 Million Trophy Property". Forbes. Retrieved 20 December 2013. 
  4. ^ Dey, Sudipto (26 June 2010). "Big Deal". Outlook (magazine). Retrieved 20 December 2013. 
  5. ^ Kamath, Raghavendra (15 June 2010). "The rise and rise of Abhisheck Lodha". Business Standard. Retrieved 25 December 2013. 
  6. ^ Chandrasekharan, Gitanjali (18 November 2013). "Missing pin code". Pune Mirror. Retrieved 25 December 2013. 
  7. ^ Krishnamoorthi, Janaki (15 January 2011). "Designer Dwellings". Times of India. Retrieved 25 December 2013. 
  8. ^ Dey, Sudipto (26 June 2010). "Big Deal". Outlook (magazine). Retrieved 20 December 2013. 
  9. ^ Defterios, John (17 December 2013). "India: Where politics and property collide". CNN. Retrieved 20 December 2013. 
  10. ^ Thakur, Pooja (18 February 2011). "Jagger’s Daughter, Jade, to Design Homes in Mumbai". Bloomberg News. Retrieved 22 December 2013. 
  11. ^ Chadha, Sunainaa (29 November 2013). "Lodha bets big on Central London, Canadian Embassy is just the first stop". First Post (India). Retrieved 22 December 2013. 
  12. ^ Singh, Gurbir (5 September 2010). "Realty Politik". BusinessWorld. Retrieved 20 December 2013. 
  13. ^ "Lodha Group to invest Rs 2,000 cr in iThink realty brand". Daily News and Analysis. 23 July 2007. Retrieved 25 December 2013. 
  14. ^ "Lodha creates new corporate landmark: Lodha Supremus at Upper Worli". Business Standard. 22 April 2010. Retrieved 25 December 2013. 
  15. ^ "Lodha Developers launches Lodha Supremus at Kanjur Marg". Business Standard. 9 September 2010. Retrieved 1 January 2014. 
  16. ^ Kamath, Raghavendra (9 December 2013). "Lodha takes big strides amid gloom". Business Standard. Retrieved 20 December 2013. 
  17. ^ "Lodha Developers launches Lodha Excellencia at Thane". India Infoline. 30 April 2010. Retrieved 23 December 2013. 
  18. ^ Mehta, Rajshri (16 June 2012). "Lodha Group buys Washington House for Rs 375 crore". The Times of India. Retrieved 1 January 2014. 
  19. ^ "DLF sells 17 acres Mumbai land to Lodha for Rs 2,700 cr". Business Line. 13 August 2012. Retrieved 1 January 2014. 
  20. ^ "Lodha Group partners with Philippe Starck Partners". India Infoline. 28 December 2011. Retrieved 22 December 2013. 
  21. ^ Chadha, Sunainaa (29 November 2013). "Lodha bets big on Central London, Canadian Embassy is just the first stop". First Post (India). Retrieved 22 December 2013. 
  22. ^ Thakur, Pooja (18 February 2011). "Jagger’s Daughter, Jade, to Design Homes in Mumbai". Bloomberg News. Retrieved 22 December 2013. 
  23. ^ Phadnis, Shilpa (24 April 2012). "Realtors add designer touch to luxury living". Times of India. Retrieved 22 December 2013. 
  24. ^ "Got 50 crores? Consider Armani apartment in Mumbai". NDTV. 1 February 2012. Retrieved 23 December 2013. 
  25. ^ Muzumdar, Jharna (1 Feb 2012). "Lodha’s World Towers to have Armani touch". Financial Chronicle. Retrieved 23 December 2013. 
  26. ^ "Armani-designed residential tower in Mumbai". yahoo.com. Retrieved 23 December 2013. 
  27. ^ Dua, Aarti (27 July 2008). "Green revolution". The Telegraph (Calcutta). Retrieved 23 December 2013. 
  28. ^ Kumar Saha, Philip (26 April 2012). "Soaring high". Mint (newspaper). Retrieved 23 December 2013. 
  29. ^ Singh, Gurbur (15 September 2012). "Villas In The Sky". BusinessWorld. Retrieved 23 December 2013. 
  30. ^ Gupte, Masoom (28 August 2011). "Armani to suit up Mumbai homes". Business Standard. Retrieved 23 December 2013. 
  31. ^ Joshi, Priyanka (26 September 2010). "Living it up". Business Standard. Retrieved 24 December 2013. 
  32. ^ Ratnam, Dhamini (29 April 2012). "Can I get you the stars, ma’am?". Times of India. Retrieved 24 December 2013. 
  33. ^ RANGACHARI SHAH, GAYATRI (22 July 2010). "Can Mumbai Cope With a New Landmark?". New York Times. Retrieved 24 December 2013. 
  34. ^ Chitravanshi, Ruchika (16 February 2013). "Thailand's Six Senses hunts for leisure hotel location in India". Business Standard. Retrieved 24 December 2013. 
  35. ^ "L&T to build ‘New Cuffe Parade’ for Lodha Developers". Hindu Business Line. 14 August 2012. Retrieved 25 December 2013. 
  36. ^ "L&T Construction to develop New Cuffe Parade project of Lodha". MoneyLIFE. 14 August 2012. Retrieved 25 December 2013. 
  37. ^ Rangachari Shah, Gayatri (22 July 2010). "Can Mumbai Cope With a New Landmark?". New York Times. Retrieved 25 December 2013. 
  38. ^ Pavri, Sanaya (27 October 2013). "Rise of the titans". Gulf News. Retrieved 25 December 2013. 
  39. ^ "Lodha plans Rs 2K-cr tallest residential tower". Financial Express. 8 July 2010. Retrieved 25 December 2013. 
  40. ^ "Lodha Group plans Rs. 2K-cr tallest residential tower at Worli". NDTV Profit. 25 November 2011. Retrieved 25 December 2013. 
  41. ^ "HDFC Sponsored Funds invests $54 mn in Lodha Group". Mint (newspaper). 22 April 2008. Retrieved 25 December 2013. 
  42. ^ "HDFC offshore fund pumps in $54 m into Lodha Group". Financial Express. 18 April 2008. Retrieved 25 December 2013. 
  43. ^ Ambavat, Shruti (1 January 2013). "ICICI Venture invests in Mumbai, Delhi from second realty fund". Financial Express. Retrieved 25 December 2013. 
  44. ^ "Lodha Developers repays Deutsche Bank, cuts debt 25 pct". Reuters. 9 February 2012. Retrieved 25 December 2013. 
  45. ^ "Trump Joins Hands With Lodha". Bloomberg TV India. 
  46. ^ "Has Lodha overtaken DLF as No 1? Skeptics abound". Firstpost. 10 December 2013. Retrieved 20 December 2013. 
  47. ^ Layak, Suman (17 March 2013). "Balancing act". Business Today (business magazine). Retrieved 1 January 2014. 
  48. ^ "This milk is by invitation only". The Times of India. 3 March 2012. Retrieved 1 January 2014. 
  49. ^ "World’s tallest residential building at Lower Parel". The Indian Express. 9 June 2010. Retrieved 1 January 2014. 
  50. ^ Mehta, Mona (9 Jan 2008). "PEs swamp Lodha with Rs 600 cr". The Financial Express (India). Retrieved 1 January 2014. 
  51. ^ "Lodha wins award for its world’s tallest residential tower - ‘World One’". 1 August 2012. indiainfoline.com. Retrieved 1 January 2014. 
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