Lodha Group, promoted by Mangal Prabhat Lodha, the real estate developer plans to come out with initial public offering to raise Rs8,000 crore from the primary market for the expansion of its business to enter new markets Pune and Hyderabad and to fund various projects. The company is planning to raise this amount in the third quarter of this fiscal. The company is currently developing 27% profile that consists of 60% residential projects, 30% commercial and 10% retail.
The Lodha Group of Companies is one of India 's premier real estate developers - with bigger and more challenging projects added each year. Today, the Group provides stylish and comfortable living to over 12,000 families across Mumbai - from South Mumbai to the suburbs.
The Lodha Group is developing residences, malls, IT parks & weekend retreats -spanning a total development of over 72 lakh sq. ft. across prime locations such as Napean Sea Road , Worli Sea Face, Mahalaxmi, Prabhadevi, JVPD, Thane and Kanjurmarg. Its upcoming projects include developments at Walkeshwar, Bhandup, Mulund, Dombivili, Dahisar, Thane and Lonavala.
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