Lodha Codename Big Win Jogeshwari West Mumbai - Lo
As per recent reports, LODHA developers have bought a land parcel in Mumbai 's suburb, Jogeshwari. It is a land parcel of 5 acres worth Rs. 376 crore. The land belonged to Patel Engineering which is now owned by Lodha developers. This deal was made by the objective of selling assets to reduce debts by Patel Realty. Shareholder's approval was sought by Patel Engineering to dispose off its non-core assets to cuts debt. Rs. 325 crore is being lent to Lodha for funding this land acquisition by lenders to Patel Engineering. The signing was done on Thursday between Lodha and Patel Engineering. As per one of the sources, this deal is being done inorder to implement the Scheme for Sustainable Structuring of Stressed Assets ( S4A ) in the company. Lodha is known for setting standards in real estate industry so some good delivery is expected in Jogeshwari now.
Lodha New Project
5 Feb 2018 Alton, ME
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