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Lodha Group plans IPO to fund projects |
| Written by varma | |
| Wednesday, 09 April 2008 | |
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Real estate developer Lodha Group on Tuesday said it plans to raise Rs 8,000 crore from the primary market to fund its various projects and expand its operations. "We are planning to raise Rs 8,000 crore through initial public offer in the third quarter of this fiscal and enter new markets Pune and Hyderabad," Lodha Group Senior Vice-President R Karthik told reporters. Real estate developer Lodha Group on Tuesday said it plans to raise Rs 8,000 crore from the primary market to fund its various projects and expand its operations. "We are planning to raise Rs 8,000 crore through initial public offer in the third quarter of this fiscal and enter new markets Pune and Hyderabad," Lodha Group Senior Vice-President R Karthik told reporters. Lodha Group is developing 27 projects in Mumbai and Thane. Its profile consists of 60 per cent residential projects, 30 per cent commercial and 10 per cent retail. At Lodha, we understand the demands of ultra-modern living and are committed to focus our endeavours towards creating landmarks of exemplary design, luxury and quality that benchmark the highest standards of international living," he said. Last year, Deutsche Bank invested USD 425 million in Lodha Group. JP Morgan has also invested in one of Lodha's luxury apartments. The group is promoted by Mangal Prabhat Lodha, who is also the Chairman and Managing Director of the group. For Latest Real Estate News : http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=News At Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home. We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI) For More Information about Real Estate Hyderabad , India visit: http://www.maaproperties.com/ |
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