Lodha Group 1980
The 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 Kingdom.
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.
The Lodha Group has several landmark developments to its credit including World One - the world's tallest residential tower, and Palava City - the largest private development in the world. The group has brought some of the top global names including Armani/Casa, Trump, Philip Starck, Jade Jagger, 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.
In the last 12 months, the group has acquired two other notable land parcels in Mumbai - 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. Lodha group's total land reserves add up to over 5,800 acres. In April 2014, Lodha acquired an 88-acre land parcel in the Thane region for INR 1,154 Cr from Clariant India. 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 employers in Mumbai with over 3,800 direct associates and over 25,000 workmen at its sites. It has the largest technical manpower in RE and comprising over 1,800 dedicated construction management personnel. The group is also the largest B-school recruiter having employed over 300 fresh graduates.
Pioneering new trends in the market, the Group introduced CASA by Lodha, offering the mid-income consumer luxury homes within easy reach. The Group also introduced the concept of branded office spaces, with offerings at every level, from world-class corporate offices and large-scale office campuses to signature boutique offices for growing businesses.
The Group's tremendous success has been marked by financial investments from the finest global investors, including JP Morgan, Deutsche Bank, HDFC Ventures and ICICI Ventures.