 "India's real estate sector, significantly buoyed by a robust economy, has emerged as a pivotal player in the country's development. With an 18 per cent share in national employment, real estate is the largest employment generator after agriculture. C")
After last month’s notice to exchanges about the resignation of Rajendra Lodha from the post of director with effect from August 17 at the company’s request, Lodha Developers on Wednesday informed exchanges that, based on information from inquiries, it has decided to refer the matter to the appropriate authorities for investigation.
In August, the company’s notice had stated: “Certain matters related to his (Rajendra Lodha’s) conduct are under review by the company’s ethics committee.”
Sources said the Mumbai Police has filed a first information report (FIR) against Rajendra Lodha following a complaint by India’s second-largest listed real estate developer over
