Lodha or Macrotech Developers (formerly known as Lodha Developers) is an Indian multinational real estate company and construction company headquartered in

Mumbai Mumbai ( ; ), also known as Bombay ( ; its official name until 1995), is the capital city of the Indian state of Maharashtra. Mumbai is the financial capital and the most populous city proper of India with an estimated population of 12 ...

India India, officially the Republic of India, is a country in South Asia. It is the List of countries and dependencies by area, seventh-largest country by area; the List of countries by population (United Nations), most populous country since ...

. It was founded in 1980 by

Mangal Prabhat Lodha Mangal Prabhat Lodha (born December 1955) is an Indian billionaire businessman and politician. He is the minister of the Ministry of Skill Development and Entrepreneurship (Maharashtra). He was the president of Bharatiya Janata Party's Mumbai ...

. It has developed residential and commercial properties in

Thane Thane (; previously known as Thana, List of renamed Indian cities and states#Maharashtra, the official name until 1996) is a metropolitan city located on the northwestern side of the list of Indian states, state of Maharashtra in India and on ...

Hyderabad Hyderabad is the capital and largest city of the Indian state of Telangana. It occupies on the Deccan Plateau along the banks of the Musi River (India), Musi River, in the northern part of Southern India. With an average altitude of , much ...

Pune Pune ( ; , ISO 15919, ISO: ), previously spelled in English as Poona (List of renamed Indian cities and states#Maharashtra, the official name until 1978), is a city in the state of Maharashtra in the Deccan Plateau, Deccan plateau in Western ...

and

London London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Wester ...

. Some of its notable projects include Lodha Altamount, The World Towers, Lodha Bellissimo, Trump Tower Mumbai and Lodha Park. The company is also credited for developing

Palava Palava may refer to: * Palava City, a city in the Indian state of Maharashtra * Palavas-les-Flots, a commune on the French Mediterranean coast * ''Palava'' , a taxonomic synonym of the plant genus '' Palaua'' See also * Palav (disambiguation) * ...

, an integrated

smart city A smart city is an urban area that uses digital technology to collect data and operate services. Data is collected from citizens, devices, buildings, or cameras. Applications include traffic and transportation systems, power plants, utilities ...

in Dombivali near

. The company was listed as Macrotech Developers on 19 April 2021.

History

Lodha Group was established by 1980 by

Mangal Lodha Mangal Prabhat Lodha (born December 1955) is an Indian billionaire businessman and politician. He is the minister of the Ministry of Skill Development and Entrepreneurship (Maharashtra). He was the president of Bharatiya Janata Party's Mumbai ...

, a businessman and politician, who serves as

Member of Legislative Assembly A Member of the Legislative Assembly (MLA) is a representative elected to sit in a legislative assembly. The term most commonly refers to members of the legislature of a federated state or an autonomous region, but is also used for several national ...

. In September 2007, the

Deutsche Bank Deutsche Bank AG (, ) is a Germany, German multinational Investment banking, investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed on the Frankfurt Stock Exchange and the New York Stock Exchange. ...

made an investment of by subscribing to the compulsorily convertible debentures (CCDs) of Lodha's subsidiary, Cowtown Land Development Limited. In May 2010, the company emerged the highest bidder to acquire a 22.5-acre plot in

Wadala Wadala (also spelled Vadala, formerly spelt Wuddala, �əɖaːɭa is a neighborhood in Mumbai. Wadala Road is a station on the Harbour Line of Mumbai's railway network. Overview Wadala has several schools and some renowned institutions ...

, for from

Mumbai Metropolitan Region Development Authority The Mumbai Metropolitan Region Development Authority (MMRDA) is a body of the Government of Maharashtra that is responsible for preparation oRegional Plan for MMRand the infrastructure development of the Mumbai Metropolitan Region. The MMRDA w ...

(MMRDA). In December 2012, Lodha Group acquired Washington House, a residential building owned by the

US consulate The United States has the second largest number of active diplomatic posts of any country in the world after the People's Republic of China, including 272 bilateral posts (embassies and consulates) in 174 countries, as well as 11 permanent miss ...

on Altamont Road, for which was developed into Lodha Altamount. It purchased 17 acres of land in

's prime location from DLF for about , nearly four times higher than the price at which DLF had bought the land in 2005. In November 2013, Lodha Group bought

Macdonald House, London Macdonald House was a seven-storey Neo-Georgian style (Great Britain), Neo-Georgian style building on Grosvenor Square in the Mayfair area of London, England. It was part of the High Commission of Canada in the United Kingdom, High Commission o ...

, a seven-storey building in central

from the

Government of Canada The Government of Canada (), formally His Majesty's Government (), is the body responsible for the federation, federal administration of Canada. The term ''Government of Canada'' refers specifically to the executive, which includes Minister of t ...

for . The company acquired 87 acres of land in

from

Clariant Chemicals India Heubach Colorants India Ltd, formerly known as Clariant Chemicals India Ltd, is an Indian specialty chemicals manufacturing company, headquartered in Navi Mumbai. It is engaged in the manufacture of specialty chemicals for domestic and industria ...

for . It received an investment of from Piramal Fund Management for one of the company's project in May 2016. In September 2019, it was announced that the company was about to sell 7 lakh sq ft office space in

, India to

Singapore Singapore, officially the Republic of Singapore, is an island country and city-state in Southeast Asia. The country's territory comprises one main island, 63 satellite islands and islets, and one outlying islet. It is about one degree ...

-based Varde Partners for about . Earlier, Lodha sold its 29-storey office building in Mumbai's

for to

Tata Group The Tata Group () is an Indian multinational conglomerate group of companies headquartered in Mumbai. Established in 1868, it is India's largest business conglomerate, with products and services in over 160 countries, and operations in 100 c ...

's retail arm Trent. In Q3 of 2020, India Ratings and Research (Ind-Ra) and Moody's upgraded the rating for Lodha to stable. After getting listed on stock exchange,

Moody's Investors Service Moody's Ratings, previously and still legally known as Moody's Investors Service and often referred to as Moody's, is the bond credit rating business of Moody's Corporation, representing the company's traditional line of business and its histo ...

changed the outlook on the ratings to positive from stable in April 2021. The company launched its

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investm ...

on 7 April 2021. It got listed on

National Stock Exchange of India National Stock Exchange of India Limited, also known as the National Stock Exchange (NSE), is an Indian stock exchange based in Mumbai. It is the List of stock exchanges, 5th largest stock exchange in the world by total market capitalization, ...

and

Bombay Stock Exchange BSE Limited, also known as the Bombay Stock Exchange (BSE), is an Indian stock exchange based in Mumbai. It is the 6th largest stock exchange in the world by total market capitalization, exceeding $5 trillion in May 2024. Established with t ...

on 19 April 2021. In September 2021,

Tata Power Tata Power Company Limited is an Indian electric utility and electricity generation company based in Mumbai, India and is part of the Tata Group. With an installed electricity generation capacity of 14,707 MW out of which 5847 MW is from Non-C ...

entered into a partnership agreement with the group for setting up

EV charging A charging station, also known as a charge point, chargepoint, or electric vehicle supply equipment (EVSE), is a power supply device that supplies electrical power for recharging plug-in electric vehicles (including battery electric vehicle ...

stations in housing societies and offices.

Partnership

In September 2013, Lodha Group partnered with

Donald Trump Donald John Trump (born June 14, 1946) is an American politician, media personality, and businessman who is the 47th president of the United States. A member of the Republican Party (United States), Republican Party, he served as the 45 ...

for the development of Trump Tower, Mumbai, an 800-ft-tall, 77-storey residential tower at

Lower Parel Lower Parel (Pronunciation: Help:IPA/Marathi, əɾəɭ Help:IPA/Hindi and Urdu, əɾeːl station code: PL) railway station is a railway station on the Western Line of the Mumbai Suburban Railway, India. The next station south is Mahal ...

. Lodha Group has partnered with a number of celebrities to be brand ambassadors, including

Aishwarya Rai Aishwarya Rai Bachchan (; Rai; born 1 November 1973) is an Indian actress who is primarily known for her work in Hindi and Tamil language, Tamil films. Rai won the Miss World 1994 pageant and later established herself as one of the most-popu ...

Amitabh Bachchan Amitabh Bachchan (; 11 October 1942) is an Indian actor who works in Hindi cinema. He is often considered one of the greatest, most accomplished and commercially successful actors in the history of Indian cinema.* * * * * With a cinemati ...

Akshay Kumar Akshay Hari Om Bhatia (born Rajiv Hari Om Bhatia; 9 September 1967), known professionally as Akshay Kumar (), is an Indian actor and film producer working in Hindi cinema. Referred to in the media as "Khiladi Kumar", through his career span ...

and

Twinkle Khanna Twinkle Khanna (born 29 December 1973) is an Indian author and former actress. A daughter of actors Dimple Kapadia and Rajesh Khanna, she made her acting debut with a leading role in the film '' Barsaat'' (1995). After playing the leading lady ...

Controversy

A buyer of Lodha Group's Wadala project flat published YouTube videos claiming irregularities by the company. The company filed suit for defamation but the right to an injunction was struck down.

Awards

* 'Top Developer of the Year' for the project, The World Towers at the Times Real Estate Icons West India by

The Times of India ''The Times of India'' (''TOI'') is an Indian English-language daily newspaper and digital news media owned and managed by the Times Group. It is the List of newspapers in India by circulation, third-largest newspaper in India by circulation an ...

(2020) * The World Towers of Lodha Group received recognition as 'Project of the Year' and 'Top Super Luxury' segment homes and

Palava City Palava City is a planned urban township near Dombivli in Maharashtra, India. Developed by the Lodha Group, it spans approximately 5,000 acres and is strategically located between Thane, Navi Mumbai, and Kalyan. With a focus on sustainability, m ...

was recognised as 'Top Township Project' at the Times Real Estate Icons of West India (2020) * Outstanding Project of the Year (National Category) for

at Golden Brick Awards, Dubai (2019) * Lodha Group's CEO & MD Abhishek Lodha was named 'Real Estate Youth Icon of the Year 2019' award at Grohe Hurun Real Estate Leadership Summit (2019) * CNBC Awaaz Real Estate Award for the project, Lodha Altamount by

CNBC CNBC is an American List of business news channels, business news channel owned by the NBCUniversal News Group, a unit of Comcast's NBCUniversal. The network broadcasts live business news and analysis programming during the morning, Day ...

(2018) * Global Leadership in Real Estate Award at NDTV Property Awards by

NDTV New Delhi Television Ltd is an Indian news media company focusing on broadcast and digital news publication. It was founded in 1984 by economist Prannoy Roy and journalist Radhika Roy. NDTV began as a production house for news segments, ...

(2014) * CNBC Awaaz Real Estate Award for the project, Lodha Bellezza by

(2013)

References

External links

* {{URL, https://www.lodhagroup.com/, Official website
Indian Property Firm Lodha Cuts Bond Size Despite 12% Yield
at

The Wall Street Journal ''The Wall Street Journal'' (''WSJ''), also referred to simply as the ''Journal,'' is an American newspaper based in New York City. The newspaper provides extensive coverage of news, especially business and finance. It operates on a subscriptio ...

Real estate companies of India Indian companies established in 1980 Companies listed on the National Stock Exchange of India Companies listed on the Bombay Stock Exchange Real estate companies based in Mumbai 2021 initial public offerings