Bombay High Court appoints former Supreme Court judge R V Raveendran to mediate matter between real estate tycoons
Earlier this month, Macrotech Developers had filed the suit before the Bombay HC against HoABL over the use of the name 'Lodha,' seeking Rs 5,000 crore in damages
The Bombay High Court on Monday suggested Abhishek Lodha and his brother Abhinandan Lodha to try and amicably resolve the issue over the use of 'Lodha' trademark. The Abhishek Lodha-promoted Macrotech Developers Ltd earlier this month filed a suit in the HC against Abhinandan Lodha's real estate firm, House of Abhinandan Lodha, claiming the name 'Lodha' was their trademark and no one else could use it. The suit sought Rs 5,000 crore as damages from Abhinandan Lodha's company. In an interim application, Macrotech Developers sought a perpetual injunction against the defendants from infringing their trademark 'Lodha'. On Monday, a single bench of Justice Arif Doctor while hearing the application said since the dispute was primarily between two brothers, the possibility of an amicable resolution should be attempted. "Ultimately it appears to be a dispute between two brothers. The genesis appears to be between the two brothers. Has some effort been made to sit down and resolve it?" Jus
The rise in the Macrotech Developers share price came after the company posted a strong set of results in the December quarter of financial year 2025 (Q3FY25)
Realty firm Macrotech Developers MD Abhishek Lodha on Sunday said there is a "pure corporate dispute" between his company and House of Abhinandan Lodha over use of trademark and it is "nothing to do with brothers". Macrotech Developers has recently filed a suit in the Bombay High Court against House of Abhinandan Lodha (HoABL), formed by younger brother Abhinandan Lodha, for infringement of its trademarks and sought appropriate injunctions, reliefs, and damages. In an interview with PTI, Abhishek Lodha said he has no problem with younger brother Abhinandan Lodha doing real estate business, but asserted that his company has every right to protect its trademarks -- 'Lodha' and 'Lodha Group'. Macrotech Developers is listed on stock exchanges and is one of the leading real estate firms in the country, while House of Abhinand Lodha is into plotted developments across various cities including Ayodhya. Breaking silence on the matter, Abhishek said, "He (Abhinandan) is my brother. I have l
Abhishek and Abhinandan Lodha are locked in a legal battle over the use of the family name for their businesses. Abhishek has accused his brother Abhinandan of trademark infringement
The Bombay High Court on Tuesday said it would hear on January 27 the application filed by Abhishek Lodha- promoted Macrotech Developers Ltd seeking an injunction against his younger brother from using the trademark 'Lodha'. Last week, the company filed a suit against Abhinandan Lodha's real estate firm, House of Abhinandan Lodha, claiming that the name 'Lodha' was their trademark and no one else could use it. In an interim application, the company sought a perpetual injunction against the defendants from infringing its trademark "Lodha". The application came up for hearing on Tuesday morning before a single bench of Justice Manish Pitale. The court, however, noted that it could not hear the plea, as the suit had sought damages of Rs 5,000 crore. As per court assignment, any suit that sought damages of more than Rs 100 crore would have to be heard by the single bench of Justice Arif Doctor. The company's advocate, Hiren Kamod, in the afternoon mentioned the application before the
The indicative time period for completion of the acquisition of Bellissimo Digital Infrastructure is 30 days while 180 days for Palava Induslogic 4 and Bellissimo In City FC Mumbai
Lodha Philanthropy Foundation (LPF) will have an initial corpus of Rs 20,000 cror
The company expressed its interest in exploring opportunities to scale its digital infrastructure portfolio
Realty firm The House of Abhinandan Lodha, which is into development of residential plots, reported a 3-fold jump in sales bookings last financial year to Rs 1,800 crore and is targeting at least a 30 per cent growth in 2024-25, amid strong consumer demand. Mumbai-based The House of Abhinandan Lodha, which was formed in 2021, has already launched nearly 10 plotted development projects covering 650 acres in Maharashtra, Goa, and Ayodhya in Uttar Pradesh. The company has sold plots in a price range of Rs 10 lakh to Rs 15 crore, depending on the location. In an interview to PTI, the company's Chairman Abhinandan Lodha noted that the demand for housing plots has been very strong post-COVID pandemic. Asked about operational performances, he said, "In the last fiscal, we did close to Rs 1,800 crore of sales bookings as against around Rs 570 crore in the 2022-23 fiscal. We expect our sales to continue to grow at 30 per cent or more in the current fiscal." Lodha said the company's profit a
At the current juncture, ICICI Bank has found support within its previous breakout range and has maintained this level for the past three sessions.
Lodha firm targets Rs 2,400 cr revenue in FY25
Bullish on housing demand, realty firm Macrotech Developers has acquired three land parcels in the Mumbai region and Pune during the April-June quarter to develop projects with a revenue potential of more than Rs 11,000 crore. Mumbai-based Macrotech Developers, which markets its properties under the Lodha brand, is acquiring land parcels through two routes -- outright purchases and partnerships with landowners. Giving an update on business development, Macrotech Developers said, "We added three projects in MMR (Mumbai Metropolitan Region) and Pune having Rs 11,100 crore of GDV (gross development value), which is more than 50 per cent of full-year guidance of Rs 21,000 crore". The company, in its latest operational updates, did not mention whether it bought outright or entered into joint development agreements (JDAs) with landowners. During 2023-24, the company added many new land parcels to build housing projects with a potential sales value of over Rs 20,000 crore. To expand busi
Real-estate stock update: Realty stocks were witnessing some profit-taking on Thursday, as the BSE Realty index has rallied over 23 per cent so far in 2024.
The Harsh Lodha side claimed that the ruling was 'firmly' in its favour
Realty firm Macrotech Developers plans to launch 16 new projects in the second half of this fiscal with an estimated sales potential of Rs 10,300 crore as it seeks to tap rising housing demand. Macrotech Developers, which sells its properties under the Lodha brand, is one of the leading real estate firms in the country. It has a major presence in Mumbai Metropolitan Region (MMR) and Pune property markets, while recently making an entry into the Bengaluru market with one housing project. According to an investor's presentation, the company launched a 4.4 million square feet area during the April-September period of this fiscal with an estimated sales booking of Rs 8,480 crore. For the second half of this fiscal, Macrotech Developers has lined up new launches of 16 projects, comprising a 7.3 million square feet area with an estimated sales value of Rs 10,300 crore. These projects would be a mix of fully-owned and joint development with landowners. In an interview with PTI last week,
Current consolidated capacity is about 20 mn tonnes; mix of greenfield and brownfield projects, de-bottlenecking existing operations to help add another 10 mn tonnes
Realty company on track to meet FY23 target of Rs 11,500 crore in bookings
Peerless Managing Director Jayanta Roy said that the order was nothing but a stage of litigation