Page 3 - Lodha Developers

Bombay HC takes on record consent terms entered into by Lodha brothers

The Bombay High Court on Tuesday formally took on record the final mediation report along with the consent terms entered into by real estate businessmen Abhishek Lodha and Abhinandan Lodha, marking the end of a trademark dispute between the brothers. The court appreciated the role played by the mediator, retired Supreme Court judge Justice R V Raveendran, in the process. "I must at this stage note the painstaking efforts of the Learned Mediator (Justice RV Raveendran), which has resulted in these consent terms being arrived at and also my deep appreciation for all the efforts taken by the Learned Mediator to bring about an amicable resolution of disputes between respondent nos 5 (Abhinandan Lodha ) and 16 (Abhishek Lodha)," said justice Arif Doctor. The matter is now scheduled for further compliance hearing on Wednesday. In January, Abhishek Lodha-led Macrotech Developers filed a suit in the Bombay High Court against the House of Abhinandan Lodha (HoABL) formed by his younger broth

Macrotech accuses HoABL of using fabricated documents to misuse Lodha brand

Realty firm Macrotech Developers Ltd on Wednesday alleged that House of Abhinandan Lodha (HoABL) has used "fabricated documents" to misuse the company's brand and registered trademark 'Lodha'. Abhishek Lodha led Macrotech Developers and the HoABL, formed by his younger brother Abhindan Lodha, are fighting a legal dispute over the use of the brand 'Lodha'. In January, Macrotech Developers filed a suit in the Bombay High Court against HoABL for infringement of its trademarks and sought appropriate injunctions, reliefs, and damages. Macrotech Developers, which sells properties under the 'Lodha' brand, is one of the leading real estate firms in the country, while the HoABL is into the development of residential plots across major cities. In a regulatory filing, Macrotech Developers said that the board has taken "serious cognizance of the conspiracy to use fabricated documents in order to misuse the company's goodwill, brand, and registered trademark." The Board has constituted a Speci

Marico, Lodha, AU SFB see high rollovers, IndusInd Bk low; check full list

Bank Nifty rollovers stood at 69.3 per cent, which was higher than the 3-month average and indicates positive sentiment at the counter, said Axis Securities report.

House of Abhinandan Lodha buys over 352 acres in key cities for Rs 3,000 cr

The acquisitions are said to be part of the company's national expansion plans

Lodha Q2FY25 results: Net profit up 108% at Rs 423.1 cr, revenue rises 53%

The Mumbai-based realtor also added four more projects in Pune (Rs 1,700 crore) and Bengaluru (Rs 3,800 crore) during the quarter, with a total gross development value (GDV) of Rs 5,500 crore

Mumbai Trump Tower residents sue builder over unfulfilled private jet time

The 75-storey ultra-luxurious Trump Tower homeowners have alleged that the developers failed to provide 10 hours of free private jet flying time as outlined in their sale agreements

Jigar S Patel of Anand Rathi recommends buying these three stocks today

Over the past few months, IDFC First Bank has consistently maintained a strong support level between Rs 70-71, despite several challenges from downward market trends.

APL Apollo, Tata Motors, Lodha seen getting added to MSCI indices

An analysis by IIFL Securities, shows APL Apollo could see inflows worth $195 mn from passive trackers, followed by Tata Motors ($134 mn) and Lodha ($128 mn)

Macrotech Q3 sales bookings up 16% at Rs 3,035 cr; pre-sales rise 62%

Realty firm Macrotech Developers Ltd on Friday reported a 16 per cent growth in its sales bookings at Rs 3,035 crore in the third quarter of this fiscal on better housing demand. Macrotech Developers, which sells properties under the 'Lodha' brand, is one of the leading real estate developers of the country. In a regulatory filing, Macrotech Developers informed that the company has achieved its "best ever Q3 (October-December) pre-sales performance of Rs 3,035 crores showing a growth of 16 per cent on a YoY basis." During April-December period of 2022-23 fiscal, Macrotech Developers has clocked 62 per cent growth in its sales bookings to Rs 9,039 crore, from Rs 5,568 crore in the year-ago period. The total sales bookings in the first nine months of the current fiscal has already crossed pre-sales of Rs 9,024 crore achieved in the entire last financial year. "This puts us on track to surpass our full-year guidance of Rs 11,500 crore," the company said. The collections of money fro

SC upholds Bombay HC order quashing property tax opposed by developers

Real estate developers say they paid exorbitant amounts to municipality as Land Under Construction Tax

Stocks to Watch: Asian Paints, Biocon, IDBI, JSW Steel, Lodha, TVS Motors

State-run PSU banks and telecom stocks are likely to be in focus along with a slew of mid- and small-cap companies that shall announce their September earnings today

Macrotech Developers to meet Rs 9,000-cr property sales target in FY22

The company's sales bookings stood at Rs 5,970 crore last fiscal year

Lodha sells 22-acre land parcel in Palava industrial park to Japanese firm

Palava Industrial and Logistics Park has now emerged as the preferred partner for companies looking for warehousing and industrial space solutions in Mumbai

Macrotech Developers aims record Rs 9,000 cr sales booking in FY22

We believe that the first two months will have an impact of the second wave of Covid, says Lodha

Lodha Developers makes weak stock market debut as shares fall 5.8%

The poor listing comes amid weakness in the secondary market because of the rise in Covid-19 infections and lockdown measures imposed in key states

Macrotech Developers raises Rs 740 cr from anchor investors ahead of IPO

Macrotech Developers Ltd, erstwhile Lodha Developers, on Tuesday raised Rs 740 crore from anchor investors, ahead of its initial public offer (IPO) that will hit the capital market on Wednesday.

Macrotech Developers to reduce debt by 24% to Rs 12,700 crore after IPO

He said the company's net debt for India business is Rs 16,700 crore as of December 31, 2020. "Our debt will come down to Rs 12,700 crore after the IPO".

Street signs: Macrotech GMP muted, PLI boost for AC companies & more

With the markets turning range-bound, investors are looking for bottom-up investment opportunities

Lodha Developers may hit capital market on Apr 7 with Rs 2,500 cr IPO

Mumbai-based Lodha Developers Ltd, which has been renamed Macrotech Developers, filed the draft red herring prospectus (DRHP) with the Securities Exchange Board of India (Sebi) last month

Lodha leads as developers become richer by 26% despite Covid-driven crash

The number of new rupee-billionaires in the realty world continued to swell adding eight new entrants to the list of the Hurun India's top-100 richest realty developers