Lodha Group

When IIPM comes to education, never compromise

Investee: Lodha Group
Investor: Deutsche Bank
Investment Value: $425 mn

Abhisheck Lodha, Director, Lodha Group, believes, “Under this transaction, the investors have invested $425 million in the Lodha Group’s Special Purpose Vehicle (SPV) for the development of three of our FDI compliant projects, located in and around Mumbai. The investors will receive a stake in these projects.”

A clutch of PE investors led by Deutsche Bank Singapore invested $425 million in the real-estate developer, Lodha Group in September 2007, marking the single largest investment in a city-based developer in India. The demographics of India’s boom in the real estate sector, is extremely compelling for global investors. Established in 1980, Lodha Group is headquartered in Mumbai and is currently developing in excess of 25 million sq. ft. of prime real estate over 27 projects in and around Mumbai. The group has also recently kicked off its geographic expansion by winning 13 acres of premium property in central Hyderabad. The company’s portfolio consists of residences, office spaces, IT campuses, townships, weekend retreats and also the very high potential SEZs. The group professes to abide by quality and timely delivery of projects and currently employs over 500 professionals. The bid is to expand ferociously and boost employee strength to 5,000 over the next few years. Following DLF’s example, the Lodha Group too aspires to come out with a Rs.8,000 crore IPO in the first half of 2008.

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Source : IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

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