In an interview to CNBC-TV18, Abhisheck Lodha, Promoter & MD of the company said it has closed the DLF transaction at an attractive valuation. Lodha Developers bought prime land in Mumbai for about Rs 2,727 crore from realty major DLF.
Banks may be tightening their purse-strings for real estate companies, but private equity funds seem to be gearing up to inject the sector with a dose of capital, reports CNBC-TV18's Priyanka Ghosh.
In a landmark development, Deutsche Bank and the Lodha Group have successfully restructured one of the biggest real estate FDI transactions.
When even the man who is building the world's tallest residential tower speaks of an Indian real-estate slowdown that could last for years, it is clear the foundations of a once-soaring industry are starting to shake.