Lodha launches new project in Worli
Lodha planning to build high rises, town house, luxury retail and a few bungalows on plot
After buying the 17 acre property from DLF for Rs 2,727 crore last year, Mumbai-based Lodha group today announced the launch of its project 'The Park' in Worli area of Mumbai.
Lodha is planning to build high rises,
town house, luxury retail and a few bungalows on the plot. The company
has already sold 700 apartments under two towers under the project,
where apartments were priced between Rs 5.5 to Rs 6 crore. The buyers
were selected on a lottery system.
Lodha is looking to invest Rs 5,000 crore in the project while it has
not disclosed the sales revenues. The company is planning to build a 7
acre private park in the project.
The developers has roped in Bollywood actress Aishwarya Rai Bachchan as brand ambassador for the project.
Source : Business Standard
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