Real Estate
Realtor Lodha Plans to Enter Delhi With $220 Million Project
The construction site of Lodha The Park, a luxury residential project developed by Lodha Developers Ltd., in Mumbai, India.
Photographer: Dhiraj Singh/BloombergLodha Developers Ltd., India’s number two realtor by market value, is planning a residential project in and around New Delhi next year, in signs of an intensifying turf war as it enters industry leader DLF Ltd.’s stronghold.
The Mumbai-based developer is considering rolling out a project with an investment of as much as 19 billion rupees ($220 million) in the year starting April 2026, Prashant Bindal, the firm’s chief sales officer said in an interview. The financial details are still being worked on and clarity will emerge closer to the actual launch, he added.