Lodha Developers plans to raise up to $704m from sale of UK assets, PE route

Lodha Developers plans to raise up to $704m from sale of UK assets, PE route

Photo: Pixabay

Mumbai-based real estate firm Lodha Developers Ltd (LDL) will raise just under Rs5,000 crore, by sale of its equity interest in its two projects in London for around Rs4,200 crore and the remaining through private equity funding for projects in India.

Lodha’s exit from its under-construction London projects – 1 Grosvenor House and Lincoln Square- would mean that the developer will now solely focus on its domestic projects, which are mainly located in Mumbai Metropolitan Region (MMR).

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