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Macrotech Developers Secures Acquisition of Mumbai's Iconic Tulip Star Hotel

The bankruptcy court allowed Macrotech Developers to buy V Hotels Ltd., which owns the Tulip Star Hotel, formerly the Centaur Hotel. The property in Mumbai's upmarket Juhu neighbourhood will be bought by Lodha Group business Macrotech Developers for Rs 890 crore.

By Admin

  • 2nd May 2024
  • 1134 Views
Lodha Targets INR 21,000 Crore in New Projects Amid Booming Indian Real Estate Market

Lodha, known as Macrotech Developers, expects robust housing market expansion in 2024-25. Over ₹21,000 crore in new projects are planned by the corporation, after a ₹20,300 crore boost last year.

By Admin

  • 28th Apr 2024
  • 1144 Views
Lodha Celebrates Stellar Growth in Q4, with a 21% Increase in Net Profit

Lodha, or Macrotech Developers, reported a 21% rise in net profit to Rs 670 crore for the March quarter. The company's operating revenue rose 23% to Rs 4,020 crore. Developer pre-sales and yearly performance are at an all-time high this quarter.

By Admin

  • 26th Apr 2024
  • 1152 Views
Amitabh Bachchan Expands Luxury Real Estate Portfolio with New Villa in Alibaug

Amitabh Bachchan bought a plot of property in Alibaug, a popular coastal resort for Mumbai's elite. The House of Abhinandan Lodha (HoABL) sold him a luxurious property for around Rs 10 crore.

By Admin

  • 23rd Apr 2024
  • 1150 Views
Mumbai Luxury Real Estate Market Moves Higher as Wellknown Polyesters' Chairman Buys Lodha Malabar Property

Wellknown Polyesters Chairman Anil Gupta bought two luxury properties in South Mumbai's Malabar Hill region, influencing the luxury real estate market. The home sale, worth over INR 270 crore, established a new Indian residential property sales record at INR 1.41 lakh per square foot.

By Admin

  • 21st Apr 2024
  • 1146 Views
Why is There a Huge Disparity in Property Tax Between New and Old Luxury Towers in South Mumbai?

Luxury skyscrapers in South Mumbai impose financial challenges on occupants. Luxury living in south Mumbai is exemplified by Tardeo's 60-story Imperial Heights, with 220 apartments of various sizes. Maintaining and paying property tax might cost residents Rs 70,000 to Rs 2 lakh per month.

By Admin

  • 14th Feb 2024
  • 1193 Views
Macrotech Developers Considers Strategic Expansion into a Fourth City, Reveals MD Abhishek Lodha

Macrotech Developers, known as Lodha, has a significant presence in Mumbai, Pune, and Bengaluru and is considering expanding into a new city. The corporation uses a careful, step-by-step strategy to regional expansion after entering Bengaluru in November 2023.

By Admin

  • 6th Feb 2024
  • 1204 Views
Palava City - The Pinnacle of Urban Living by Lodha

Palava City, built by Lodha, a world-renowned developer, blends urban elegance with natural beauty. This gated community offers unmatched living on 4,500 acres, 800 of which are currently lively villages.

By Admin

  • 27th Jan 2024
  • 1208 Views
Palava City is Poised for Unprecedented Growth - INR 8000 Cr Revenue Annually

Palava City, a smart township developed by Lodha, a prominent real estate investor, is expected to generate considerable income. The roughly 5,000-acre Palava City in Mumbai is estimated to earn over INR 8000 crore (USD 1 billion) yearly in the future years.

By Admin

  • 17th Jan 2024
  • 1224 Views
Lodha Group Completes Milestone Acquisition of Pune Based Goel Ganga Ventures India Private Limited

An deal was reached to buy a 100% share in Goel Ganga Ventures India Private Limited (GGVIPL) by Lodha Group, a major Indian real estate developer. After this deal, Lodha Group will hold 100% of GGVIPL.

By Admin

  • 9th Jan 2024
  • 1294 Views
Indian Fractional Ownership Company Strata Sets Sights on INR 2000 Crore AUM

Tech-enabled fractional commercial real estate investment pioneer Strata is on track to attain a breakthrough AUM goal of INR 2,000 crore by the end of the 2023-24 fiscal year. The upcoming fractional ownership regulation amendments match this ambitious ambition.

By Admin

  • 29th Dec 2023
  • 1188 Views
Lodha Poised to Surpass INR 17,500 Crore Target This Financial Year

Lodha, or Macrotech Developers, is on track to beat its fiscal year predictions. Real estate professionals are excited as the business is on course to exceed its FY24 gross development value (GDV) of INR 17,500 crore in the first half.

By Admin

  • 31st Oct 2023
  • 1255 Views
MahaRERA Deregisters Five Real Estate Projects - Challenges For Real Estate Sector in Maharashtra

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has chosen to deregister five real estate projects across Maharashtra state.

By Admin

  • 14th Oct 2023
  • 1237 Views
Asha Mukul Agrawal of Param Capital Buys Triple Luxury Residences in Lodha Malabar For INR 263 Crore From Macrotech Developers

Asha Mukul Agrawal, a distinguished director at Param Capital, a leading capital market trading and investment firm, purchased three luxurious apartments in Lodha Malabar, Mumbai, for Rs 263 crore.

By Admin

  • 2nd Oct 2023
  • 1369 Views
Axis AMC Has Leased Two floors at One Lodha Place in Worli

Axis Asset Management Company, the mutual fund investment unit of Axis Bank, has leased two floors of One Lodha Place, a Macrotech Developers-built commercial skyscraper in Lower Parel.

By Admin

  • 11th Jul 2023
  • 1411 Views
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