Lodha Group Reviews:
Discovered and entrenched by Mangal Prabhat Lodha in the year 1980, the firm has valid reputation of being one of the pioneering ones in the real estate market. Recognized for its high-end and architecturally efficient infrastructure,they have been involved in various prestige residential and commercial construction projects.
Although the company’s prime projects are focused in Mumbai, they have exhibited a vast multipurpose portfolio expanding its services rapidly across the country majorly in Hyderabad and Pune. The company also has a potential presence internationally in London,United Kingdom.
Being one of the largest construction service providers, The Lodha Group has its offices in India,London, Dubai, Shanghai, USA and Singapore as well. The company holds a vision to make the “buying experience” of their customer base as comfortable and world class as the “living experience” that they provide.
The developmental area occupied by the company’s constructions is approximately over 54.77 million square feet with more than 39 ongoing projects. Transfiguring the scenario nationally and internationally with its exemplary creations, the firm believes in serving the people with aesthetically appealing, ecologically sound living spaces comprising unmatched quality.
The Lodha Group focuses a great amount on the customer satisfaction aspect and therefore, to improve their “buying experience” with the company, they provide various special services –
Ensuring Punctual Possession of Living spaces- The company promises its customers, to give them their rightful possession to the property at the stipulated time and date. If in any case, they fail to do, the company will be liable to pay 2 percent interest to the buyer starting from the lapse of the grace period till the day of possession.
Easy Home Loan Procedure- Having grown to become a “multinational corporate entity”, they have tie ups with many reputed banks and institutions to ensure their customers a cheaper and hassle free home loan process.
Providing Occupation Certificates- The company provides to its customers, an occupation certificate for the property that they buy on a first-hand basis.
Unmatched Quality of Living Spaces- The company has a vision of “Building a better life” for its customers and therefore they provide their buyers only with the best.
Zero Transfer Fee- The company claims to charge zero transfer fee and also charges processing amount of Rs. 25000 otherwise as permitted by the guidelines.
Aid In Renting Property- The company also promises to aid its buyers in searching for tenants/leases within a span of 12 months after the purchase.
Property Management Services- The company ensures excellent living experience by managing services provided by them.
Regular Information Updates- The company provides to its buyers regular updates about the property development and its completion process. They also organize various physical site visits for its customers.
The company has developed and raised itself to be one of its kind in the real estate market by achieving the unachievable goals and making many valuable projects a part of India. Some of the popular projects under the acclamation of the Lodha Group are World One which is known for being one of the largest residential towers of the world, Palava City etc.
The company has also acclaimed various top notch brands such as Armani/Casa, Trump, Philippe Starck, Jade Jagger, Kelly Hoppen, Greg Norman and Pei Cobb Freed etc. The firm has expanded itself internationally by accquiring prestigious projects as the Mac Donald House located at Grosvenor Square in Prime Central London for a sum of INR 3100 crores. They have also scored ‘New Court’ at 48 Carey Street at the same location considering an amount of GBP 400 million.
Apart from all this, the firm has invested a sum of INR 30000 crores within the span of 5 years since the year 2017 and has planned to invest a sum of 3 billion for the same in the coming years to expand themselves internationally. The Lodha group has also been nominated as one of the leading bidders and the most rapidly growing developers in the world.
- Total staff members : 3,870
- On-site workers : 25000
- Of engineers : 1800+
- Management staff : 800+
- Designers & architects : 150
- Marketing and sales : 550
- Customer care staff : 300
The Lodha Group has grown itself rapidly in terms of monetization as well as name and fame as well. The firm owns one of the largest land areas of approximately 6,200 acres and has been creating and developing projects occupying more than 43 million sq ft.
|3,911 Cr||FY 11-12|
|8,092 Cr||FY 12-13|
|7,520 Cr||FY 13-14|
|7,790 Cr||FY 14-15|
The projects developed by the company are:
|Name of the Project||Location|
|Lodha Bellissimo||Mahalaxmi, Mumbai|
|Lodha Aria||Parel, Mumbai|
|Lodha Aqua||Dahisar, Mumbai|
|Lodha Eternis||Andheri East, Mumbai|
|Lodha Luxuria||Majiwada, Thane|
|Lodha Heritage||Dombivli, Mumbai|
|Lodha Aurum||Kanjurmarg, Mumbai|
|Lodha Imperia||Bhandup, Mumbai|
|Lodha Lincoln Square||London, UK|
|Lodha Excelus||Mahalakshmi, Mumbai|
|iThink by Lodha||Thane|
|Lodha Supremus||Worli, Mumbai|
The upcoming projects by the company include:
|Name of the Project||Location|
|Casa Bella||Palava, Dombivali|
|World One||Lower Parel, Mumbai|
|Lodha Fiorenza||Goregaon, Mumbai|
|New Cuffe Parade||Wadala, Mumbai|
|Lodha Venezia||Parel, Mumbai|
|Lodha Primero||Mahalaxmi, Mumbai|
|Lodha Aurum Grande||Kanjurmarg, Mumbai|
|Trump Tower Mumbai||Worli, Mumbai|
|The Park||Worli, Mumbai|
|Lodha Altamount||Altamount Road, Mumbai|
|Lodha Supremus||Powai, Mumbai|
|Lodha Experia||Palava, Dombivali|
The Lodha group has raised its standards as a construction brand and has also gained the trust of many of iits customers because of the unparalleled experience of efficiency in its creations. The company has not only focused on its own growth but has also been responsible for upgrading the lifestyle standards of its buyers.
Apart from having a large potential market all over the world, they have also tied up with top-notch investors including JP Morgan, Deutsche Bank, HDFC Ventures and ICICI Ventures, carving a niche for themselves in the real estate market.
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