Lodha Sells Rs 1,600-Crore Flats During Pre-Launch

Mumbai: Realty player Lodha Group on Monday said it has sold 2,000 flats worth Rs 1,600 crore at its township project in the adjoining Thane district during its pre-launch phase.

The Group received interest from over 3,000 home buyers across India to book flats during the pre-launch phase and it sold nearly 2,000 flats worth Rs 1,600 crore, the city-based company said in a statement.

“The project has not only created super normal demand in a highly competitive market such as Thane but also revived its real estate landscape by reinforcing people’s trust towards appreciation and investment in real estate,” the company’s chief sales officer Prashant Bindal said.

Lodha acquired the property admeasuring 87 acres from Clariant for 1,154 crore in December, 2014. The company has proposed to develop 3,500 apartments of 1 and 2 BHK housed in 27-30 storeyed towers.

Out of these 3500, 2000 are already sold off, Mr Bindal added.