Lodha expects profits from London market
Real Estate

Lodha expects profits from London market

Lodha Group, which has bought two landmark properties in central London in the past seven months, plans to derive about 30 per cent of its annual profit mainly from Britain´s capital in the next 10 years.

The company´s revenues have grown from about Rs 8 crore in 2003 to Rs 7,600 crore in 2013-14. The developer, who has expanded its footprint in the South Mumbai market with several marquee launches, has 37 projects in all, including in Pune, Hyderabad and London. Some of its big assets include The Park, World Towers, New Cuffe Parade and Palava City in and around Mumbai.

Lodha Group, which has bought two landmark properties in central London in the past seven months, plans to derive about 30 per cent of its annual profit mainly from Britain´s capital in the next 10 years. The company´s revenues have grown from about Rs 8 crore in 2003 to Rs 7,600 crore in 2013-14. The developer, who has expanded its footprint in the South Mumbai market with several marquee launches, has 37 projects in all, including in Pune, Hyderabad and London. Some of its big assets include The Park, World Towers, New Cuffe Parade and Palava City in and around Mumbai.

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