Bharat Unfolded – a unique coffee table book on India’s real estate
Lodha Group's Rs.20 Bn Hotels Plan
The Abhinandan Lodha Group has unveiled plans to invest ?20 billion in the development of luxury hotels in significant cultural and religious centres?Ayodhya, Varanasi, and Vrindavan. This strategic move reflects the group's commitment to contributing to the hospitality sector in these iconic locations.
The proposed luxury hotels are envisioned to provide world-class amenities, catering to the growing demand for upscale accommodation in these pilgrimage and cultural destinations. The investment is not only a testament to the potential of these regions in the tourism and hospitality se..
Lodha Marks Milestone with Banganga Tank Restoration Poojan
In a significant stride towards cultural and environmental preservation, the renowned Lodha Group has ceremoniously performed the bhoomi poojan for the Banganga Tank restoration project. This momentous event underscores Lodha's commitment to revitalizing historical landmarks and contributing to Mumbai's rich heritage.
The Banganga Tank, an ancient water reservoir nestled in the heart of Mumbai, holds deep historical and cultural significance. Lodha's undertaking of the restoration project reflects a dedication to the conservation of architectural legacies. The bhoomi poojan, a tradit..
LIC Housing Finance net profit dips 9.14% in Q4 of FY24; Rs 10.8206 bn
LIC Housing Finance disclosed a 9.14 % decline in its net consolidated profit for the quarter ending March 31, 2024. Its profit after tax reached Rs 10.8206 billion in Q4 FY24, down from Rs 11.9088 billion in the corresponding period of the previous fiscal, as per the company's filing with BSE. The net consolidated total income for Q4 FY24 amounted to Rs 69.4861 billion, marking an 8.04% increase from Rs 64.3123 billion in the same quarter last year.
Tribhuwan Adhikari, MD & CEO said, "Our focus on reduction in NPA and control over cost of funds have enabled us to close the year with a..
Rs.50 Mn Budget No Guarantee for Luxury Housing in NCR
Despite a budget of ?50 million , luxury housing in the National Capital Region (NCR) may not be easily attainable as prices continue to soar to new highs. The real estate market in the NCR region is witnessing unprecedented price escalations, making luxury accommodations increasingly out of reach for many prospective buyers.
The surge in prices is attributed to various factors, including increasing land costs, construction expenses, and high demand for premium properties in prime locations. Developers are capitalising on the growing demand for luxury housing, leading to a significant u..