Lodha looks to raise 1,500 crore from two commercial assets

Lodha Group is looking to raise about Rs 1,500 crore through monetisation of two commercial assets, including a retail mall in Mumbai Metropolitan Region (MMR), according to a top company executive. Lodha Xperia Mall in Palava City, the company’s integrated township near Mumbai, is one of the two assets identified by the company for monetisation, while the other will be from its underconstruction commercial portfolio of around 9 million sq ft at locations including Thane, Lower Parel, Prabhadevi and Andheri, the executive said, requesting not to be named.