The company had filed its DRHP in September 2009 to raise about Rs 28 billion. It received Sebi's nod in January 2010, but later shelved its plan to launch the IPO due to bad market conditions post the global financial crisis.
A Lodha spokesperson declined to comment on the IPO plan.
In July last year, Lodha Developers MD Abhishek Lodha had said the company is reviving IPO plans.
"We are aiming for listing in calendar year 2018 and shall approach Sebi in the next 6-9 months," he had said, but refused to share the amount the company wanted to raise.
According to sources, the company is looking to raise about Rs 55 billion through its IPO, including pre-placement of shares.
In July, Abhishek Lodha had said its Indian debt stood at Rs 145 billion, while the debt of the London business was about 300 million pounds.
Privately-held Lodha Group is currently developing around 40 million sq ft area and has 31 ongoing projects in London, Mumbai Metropolitan Region, Pune, Bengaluru and Hyderabad. It has a land bank of 350 million sq ft for future development.
The group had forayed into the London realty market in 2013 and acquired two prime sites in central London for an investment of about 400 million pounds.
Lodha UK is eyeing a sales revenue of 1.5 billion pounds (over Rs 120 billion) from two ongoing housing projects in central London.