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Lodha Group looking at IPO in 12-15 months

Aims for Rs 7,500 cr of sales in FY17

Raghavendra Kamath  |  Mumbai 

Lodha Group, the country's largest property developer by sales, is aiming at net sales of at least Rs 7,500 crore this financial year, despite prolonged slowdown in the market. In FY16, their net sales were Rs 6,430 crore.

By comparison, DLF, the country’s largest by market capitalisation, did net sales of Rs 3,150 crore in FY16 and expects Rs 3,000-3,500 crore this year. Abhishek Lodha, managing director of the former entity, believes their brand name, focus on delivery and innovation would help it beat the slowdown. “Our sales have been stronger since the second ...

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First Published: Wed, June 08 2016. 22:48 IST
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