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Lodha sells 300 units during lockdown: Mumbai

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The company also saw good interest across its diversified commercial portfolio, with particularly strong enquiries for industrial and logistics space.

Lodha Developers, India’s largest residential real estate developer, informed that it has sold about 300 units across multiple projects in Mumbai region since the start of the lockdown about 5 weeks ago. 

Marking the occasion of Akshay Tritiya on 26th April, 2020, the Group sold 80 units across its residential portfolio with a high preference for ready to move inventories and projects with integrated living and high quality property management.

Prashant Bindal, Chief Sales officer Lodha said, “We have been receiving constant enquiries for properties. The Covid-19 lockdown has made us all realize that owning a home for our families is very important. These times reiterate the importance of owning a good quality home. Lower interest rates on home loans are also helping. There is an increased desire to own a home and buyers are ready to transact with us because of their confidence in our delivery and quality. Ready to move in homes and projects with integrated living are witnessing high interest. Buyers now value community living and well managed properties more than ever before. ”

The company also saw good interest across its diversified commercial portfolio, with particularly strong enquiries for industrial and logistics space. Further, the group’s UK business has also done well during the lockdown, generating new sales of about Rs. 150 cr. (£15 million+) in this period.

The company has taken a number of steps to contribute to the national fight against Covid-19 including special financial support for SME vendors and channel partners. The company has so far served about 3.5 lakh free meals to help the jobless and needy and ensured that sufficient food was made available to the thousands of workmen living at its sites.

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