Lodha now in Pune
March 03, 2022 | By Construction Week
The Lodha Group is foraying into Pune city, Maharashtra and will be launching premium residential developments to cater to the city’s demands.
The first Lodha project will be in Kondhwa in southeast Pune. The project will be developed in two phases with 400 units being launched in Phase-I.
The total spending on construction and other aspects of development will be around Rs 650-700 crore. It will be one of the tallest buildings in the area with 25-storey towers.
Lodha had a limited presence in Pune and were looking at joint development projects. This was part of the company’s plans to build 3.3 million sqft projects in Mumbai Metropolitan Region (MMR) and Pune with a sales potential of Rs 3,500 crore.
Lodha has one ongoing project on the Mumbai-Pune Expressway at Gahunje called Lodha Belmondo which is in the affordable mid-income segment.
Published in Construction Week