With the rapid development and expansion that Mumbai is undergoing, there has been a parallel growth in the real estate industry, which is experiencing an unprecedented upsurge. With many competent and large property developers storming Mumbai, competition is tough.

Lodha Builders is one of the largest property developers in city with current projects totaling over 7 million sq. ft in floor space and a pipeline of over 25 million sq ft. In 2004 they bought Apollo mills, a textile unit from the National Textile Corporation (NTC) in Lower Parel. In just a few years they developed Lodha Bellissimo, a premium residential building in the area. Spread over an area of 20,000 sq m, each of the luxurious flats in the 57-storey building are priced at a whopping Rs 25,200 a sq ft. In 2006, JP Morgan Chase’s Principal Real Estate Investments invested $60 million in a residential project with the Lodha Builders. This partnership has helped fuel the Lodha Group’s growth plans bringing them amongst the top five real estate developers by 2008. The group now looks to spread its reach all over the country.

At the beginning of the year 2008 a group of private equity investors including Lehman Brothers, ICICI Prudential and HDFC invested Rs 600 crore in the Lodha Group to fund three of their projects: two residential projects, one in Napean Sea Road and one in Worli, and a residential-cum-commercial project in Hyderabad. The group is currently developing over 25 million sq ft of prime land in over 27 projects in and around Mumbai. The group is also working on constructing an IT park in Kanjurmarg. This IT park and techno Campus will spread over 18 lakh sq ft. in addition, Dahisar is about to receive a make-over with Lodha Builders constructing LODHA- AQUA: an exclusive township for the elite. LODHA – AQUA will have 11 fourteen story towers along with facilities like a Club, a Cricket pavilion and a Swimming pool.

The Lodha builders are careful and perceptive while choosing their locations, taking several factors like connectivity, proximity of railway stations, highways etc. into consideration. Their complexes and luxury apartments are complete in all respects.