Diabytes
Lodha Developers News
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Realty major Lodha Developers sold properties worth Rs 2,300 crore during April-June period, its highest quarterly sales, beating demand slowdown in the real estate market, according to a top company official.
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Realty firm Lodha Developers' UK arm has raised USD 375 million (about Rs 2,400 crore) from investment company Cain Hoy for construction of its housing project in London.
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Realty major Lodha Developers will invest about Rs 4,300 crore this fiscal on construction to boost deliveries of housing units and also plans to launch 8-9 new projects in Mumbai, Pune and London.
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The corporate family rating of city-based realty firm Lodha Developers (LDPL) has been downgraded by global ratings agency Moody's Investors Service to B2 from B1, citing reasons of weak liquidity position and high refinancing risk for such rating.
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A week after rating agency Moody's Investors Service downgraded realty player Lodha Developers (LDPL), Fitch Ratings on Thursday assigned a negative outlook to the firm due to its weak operating performance in 2014-15.
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