The order, dated November 11, also ordered the ED to return Rs 520.80 crore that Lodha had deposited with the agency, along with any accrued interest, within two weeks of the order
The focus has moved towards premium and luxury projects priced upwards of Rs 5 crore in metros and Rs 3 crore in non-metros. This is driven by sustained demand and stronger margins, said one real estate industry executive.
The company's executive director- finance, Sushil Kumar Modi, said in an interaction with Moneycontrol that with India still underserved with data centre capacity, the data centre play is expected to provide significant topline and profits for the company in the longer term
Lodha Developers accused in a FIR that Rajendra Lodha, along with his son and other associates, had defrauded the company of around Rs 85 crore through bogus land transactions, sale of company land at undervalued rates, and large-scale cash transactions
The apartment is on the 40th floor of the Lodha Sea Face development and has a net area of 10,539 square feet
Lodha said it remain on track to achieve FY26 presales guidance of Rs 21,000 crore, with further strengthening of its launch pipeline for the current FY.
V Hotels, a Mumbai-based real estate firm acquired by Lodha through the Corporate Insolvency Resolution Process (CIRP) in 2024, owned some properties, primarily in Mumbai — most notably the Centaur Hotel adjacent to Juhu Beach.
Lodha will hand over the 945 units as permanent transit camp (PTC) units to Slum Rehabilitation Authority (SRA), which was mandated as per the SRA scheme for its Vikhroli project
Tesla India lease period runs for five years starting April 20, 2025, and the rent is expected to increase by 5 percent per annum
As part of the outlook, Macrotech's MD said the company will stick to its medium-term strategy of delivering price growth in the range of 2 percent below wage growth.
As part of the development agreement, Macrotech is expected to share 22.5 percent of the revenue with Goel Ganga Developments, from the project that is expected to come up at the site.
Abhishek Lodha, who runs Macrotech Developers, had filed a brand infringement suit in January 2025 against his brother Abhinandan Lodha and his firm over the alleged use of the 'Lodha' brand name.
Abhishek Lodha and Macrotech had filed a brand infringement suit in January 2025 against Abhinandan and HoABL, after years of wrangling. Abhishek and Abhinandan, sons of real estate magnate Mangal Prabhat Lodha, both worked at the Lodha Group till Abhinandan's exit in 2015.
Macrotech's filing earlier this month gave a fresh twist to the ongoing feud between brothers Abhishek Lodha's Macrotech and Abhinandan Lodha's HoABL. Macrotech sued HoABL for violations for intellectual property rights and alleged unauthorised use of the "Lodha" brand
Abhishek and Abhinandan Lodha are currently embroiled in a legal dispute regarding the Lodha brand. The matter is currently in mediation, after the elder Lodha filed a brand infringement suit against his younger brother over an "infringement" in the usage of the 'Lodha' brand.
The mediation process is expected to be completed in around five weeks, to be conducted by retired Supreme Court Justice RV Raveendran, with the next hearing of the case scheduled on March 21.
A single-judge bench of Justice Arif S. Doctor said that either the court will appoint a former Chief Justice, or a retired Supreme Court judge to hear and settle the matter as a mediator, or the two sides can agree to a name by consent. The judge gave all parties time till Tuesday to inform the court if they agree with the arrangement.
For Macrotech, which markets projects under the Lodha brand, consolidated revenue grew by 39 percent in Q3 year-on-year to Rs 4,083 crore.
Observers said that the case has been a long time coming, with the brothers accusing each other of high debt, financial mismanagement, and violations of a family settlement signed nearly a decade ago.
Nippon Life India Asset Management has acquired a total of 52,162 square feet of space as part of the total acquisition. The company paid around Rs 29 crore by way of stamp duty for the transaction
In FY24, Macrotech reported pre-sales of around Rs 1,400 crore in two projects in Bengaluru, and has added two more projects in the city with a gross development value of Rs 3,800 crore.
Earlier, Macrotech had also bought out real estate firm Ivanhoe Cambridge's stake in the three entities. The plan is in line with the company's strategy to increase annuity income
Lodha reported a consolidated income of around Rs 2,630 crore, higher by 50 percent YoY. The company also reported growth in its EBITDA, as well as in pre-sales
Gurugram-based DLF emerged as the top real estate firm with a valuation of over Rs 2 lakh crore, according to 2024 Grohe-Hurun India Real Estate 100
Despite sharp run up in last 18 months, the Nifty Realty index has only caught up with strong pre-sales performance reported by companies since the beginning of CY22 and large part of expected growth over the next two-three years is yet to reflect in valuations, said Motilal Oswal.