Lodha Group or Mactotech Developers is a renowned real estate company. The organization is renowned for redefining the skylineof Mumbai and setting new trends and benchmarks in the construction world.
The company was founded by Mangal Prabhat Lodha in 1980 and currently his is managed by his son Abhishek Lodha. Till date, it has developed millions of sq. ft. land area across Mumbai, Pune, Hyderabad and London.. Couple of years ago, Lodha Group faced accusation of alleged Lodha Group fraud, Lodha Group Fake, Lodha Group Scam but the Lodha has always focused on meeting the aspirations of its loyal customers by sticking to ethical business practices. There are times when Lodha Cases hits the reputation of the leading firm and such news raised the disputes among their clients. Read about how lodha group decomposed all such news and raised themselves as a renowned real estate firm.
Lodha Group - Renowned for Creating Landmark Developments
Lodha Group is famous in the Indian Construction World as the new-age trendsetter. It has developed remarkable and notable projects in Mumbai, Thane, Hyderabad, Pune and London. The group continues to be a forerunner in the industry when it comes to adopting global best practices and innovations in construction to deliver with speed and safety. Some of its notable projects include Lodha Altamount, The World Towers, Trump Towers Mumbai, Palava City, Lodha Park and Lodha Bellissimo. On one hand, where The World Towers consists of the tallest ever residential building in India, Palava is an integrated smart city which has been included among the top 10 places to live across the globe. The company aligns magnificently with its organizational goals and understands the changing requirements of modern users and tries for its best efforts to meet the requirement of every consumer segment. Lodha is also known for its customer centric approach and is known for its service, any instance of Lodha Cases, Lodha Group complaints are efficiently dealt with by providing the right solution to the customer.
Renowned for making Historical Land Deals
As a trendsetter in the real estate world, Lodha Group is famous for making some historical land deals which are still considered as the biggest land deals in the history of the nation. The company acquired a plot for Rs. 4,053 crores from MMR Development Authority in 2010 to develop a neighbourhood region called New Cuffe Parade.
Apart from that, the company has made a combined investment in the UK, roughly around GBP 400 million, to acquire a premium site near Covent Garden in Central London. It also purchased 17 acres of land in Mumbai’s prime location from DLF for about 2,700 crores, nearly four times higher than the price at which DLF had bought the land in 2005.
In November 2013, the company finalized a deal to buy Macdonald House in London from the Government of Canada for 3,120 crores.
How Lodha Group Emerged One of the Biggest Players in the Indian Real Estate Sector
Lodha Group is among the top real estate companies in the world and is India’s most profitable player. The prestigious and most reputed construction company is the largest by sales for three consecutive years. Lodha Group is one of the biggest organizations in India which consists of more than 3000 employees. These figures specifically clarify that all rumours and baseless content spread on Lodha Cases over the web including Lodha group cheating are just disinformation and do not contain any reality.
The leading company is renowned for delivering projects on time. They are known to deliver the projects within the committed timeline and on several occasions have managed to deliver homes before the timeline. Currently, the company is working on 40 ongoing projects and has more than 30 planned developments. These projects are planned in both prominent locations and upcoming location with great future potential. Over 95 million sq. ft. of land area has been under planning and development by the renowned group and the leading organization has delivered more than 50,000 homes between FY 2016-22.
Lodha Group is also dedicated to bringing a change in the life of the common man in India. With their vision of ‘Building a Better Life’ they want to provide every aspiring Indian with a home that will enable them to have a wholesome life. This is why they have projects from affordable to ultra-luxury – all providing exceptional lifestyle to their residents. They also have a strong sense of giving back to the community and have several welfare projects aimed towards the empowerment of the weaker sections of the society. With real estate being a significant contributor to nation’s growth, Lodha Group’s contribution is also high. Given its strong background, its prudent not to believe in the alleged Lodha Group scam reports, as they have provided homes to several thousand families
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