Lodha Developers bets on commercial leased assets for future growth
Lodha Developers is shifting its commercial real estate business model to build and lease rather than outright sale of properties
Mumbai: After building a sizeable residential portfolio, India’s largest realty firm in terms of sales, Lodha Developers Pvt. Ltd, is looking at commercial real estate for its next level of growth. The firm is planning to build around 9 million sq. ft of office space, 1 million sq. ft of retail space and a warehousing and logistics park in Mumbai on 150 acres with an investment of nearly Rs2,500 crore in the next five years.