Lodha Group sets new record
Lodha Group, reported that the company achieved sales of over Rs. 1,200 crores in March 2017. The company has surpassed its earlier benchmark of Rs. 800 crore recorded last month, in February 2017. Lodha Group has achieved combined sales of Rs. 2,000 crores for the months of February and March, reflecting market leadership and growth of real estate sector. In thecorresponding period of FY 2015-16, Lodha Group had achieved combined sales of Rs. 1300 crore. Recent national reforms like GST, RERA and measures for affordable housing as well as availability of quality homes, has increased confidence of homebuyers in the real estate sector like never-before. Commenting on this development, Prashant Bindal, Chief Sales Officer (CSO) of Lodha Group, said “Our sales performance in the last 2 months has shown the strength of demand in Mumbai, India’s economic capital. We have had strong success in sales across price points – from World Towers to Palava – and across different stages of construction – from new launches to ready to move in homes. We attribute this success to 3 key factors – the positive policy intent of the government, our strong brand and delivery track record and the specific measures to improve affordability for housing taken in the last 3 months by the government and banks.”
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