Luxury segment accounts for half of unsold houses: Lodha Developers

About 7 per cent was priced between Rs 3 crore and Rs 5 crore, 22 per cent priced between Rs 5 crore and Rs 8 crore, and 15 per cent above Rs 8 crore

Close to 48 per cent of the total unsold inventory of residential developments (by value) by Macrotech Developers, earlier known as Lodha Developers, was in premium and luxury projects, said the draft red herring prospectus (DRHP) filed by the company.
 
It filed its DRHP with the Securities and Exchange Board of India (Sebi) late on Tuesday to raise Rs 2,500 crore through the IPO.
 
The DRHP said about 21 per cent of unsold inventory of the firm, which mostly operates in the Mumbai Metropolitan Region (MMR), was priced between Rs 1 crore and Rs 3 crore.
 
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