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The Top 50 Real State & Infra Company- RANK 35, Lodha group, Abhishek Lodha, MD

Cover Story

In April, Lodha Group, the country’s largest real estate firm by sales, announced that it is foraying into the warehousing space with a 150-acre facility in Palava to diversify revenue streams amid a tepid residential property market. Palava’s proximity to both the JNPT and the upcoming Navi Mumbai airport makes it an ideal warehousing location for corporates. Palava is a 4,500-acre greenfield smart city in the Kalyan-Dombivli region being developed and managed by the Lodha Group. The company will focus on creating the warehousing infrastructure given its expertise in construction and development.
In July, the company reported a 32% rise in its consolidated net profit at Rs 790 crore on account of higher sales, especially in the affordable housing segment.
Lodha Group, which has presence in Mumbai, Pune and London property markets, had achieved sales bookings of Rs 6,950 crore during 2016-17. In 2017-18, the company delivered 11,000 units to customers.

In July, the company reported a 32% rise in its consolidated net profit at Rs 790 crore on account of higher sales, especially in the affordable housing segment.

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May 2020
11 May 2020