Sanjay Dutt, the chief executive officer of Tata Realty and Infrastructure Ltd, recently remarked that the high cost of land, money, and construction, as well as other economic concerns, make Indian real estate projects unprofitable.

One of the biggest real estate developers in India The Lodha Group also referred to as Macrotech Developers, is in genuine discussions with India’s largest mortgage lender HDFC to enter into an agreement to develop a 14 lakh sq ft commercial office project in Andheri.