Tag: Lodha Group

IndustryLatest Stories

Four of 16 Developers Selected for South Mumbai Rail Plot

Representative AI image The Railway Land Development Authority (RLDA) has narrowed down its selection to four developers from a pool of 16 interested parties bidding for the development of a prime 2.5-acre site in Mahalaxmi, South Mumbai. This project is estimated to hold a revenue potential nearing Rs 10,000 crore, according to sources familiar with the matter. This tender saw significant participation from top developers, signaling a competitive bidding process for this government-owned parcel. The electronic bidding occurred on Tuesday. From what we gather from The Economic Times, the shortlisted developers include Lodha Group, Sobha Ltd, Dineshchandra R Agrawal Infracon,…

Latest StoriesRegulatory

ED probes 14 sites linked to ex-Lodha Developers director

MUMBAI: The Enforcement Directorate (ED) has conducted searches at 14 locations in Mumbai and nearby areas associated with Rajendra Lodha, the former director of Lodha Developers (now Macrotech Developers), and his associates as part of a money laundering investigation. Rajendra is accused of defrauding the Lodha Group, established by minister and BJP leader Mangal Prabhat Lodha, by illegally selling apartments in a New Cuffe Parade project. The city crime branch had previously arrested him, leading to the ED’s case based on that FIR. One of the locations searched belonged to Vinod Patil, the brother of a former MNS MLA. Neighbors,…

Latest StoriesResidential

Neil Nitin Mukesh and Dad Purchase ₹11.35 Crore Mumbai Apartment

NEW DELHI: Neil Nitin Mukesh Chand Mathur and his father, Nitin Mukesh Chand Mathur, have acquired an apartment in World One by Lodha Group, located in Lower Parel, Mumbai, for ₹11.35 crore. The apartment boasts a carpet area of 189.89 sq meters (2,044 sq ft) and includes two designated parking spaces. The transaction was subject to a stamp duty of ₹68.10 lakh, along with registration fees of ₹30,000, as indicated by the property registration documents from the Inspector General of Registration (IGR) reviewed by Square Yards. The registration of this transaction took place in July 2025. Published on Oct 13,…