Lodha Developers To Invest 6000 Crore In Current Projects

Published: November 29, 2009 at 9:20 PM | Author: Administrator
News Source: 18 Nov 2009 - Rediff.com

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Lodha Developers is planning to invest Rs 6,000 crore (Rs 60 billion) in the next three years on the construction of its existing projects. At an average construction cost, the total investment to develop the existing projects works out to be Rs 6,000 crore. "We are currently developing about 30 million sq ft of area, comprising 38 projects. The average cost of construction to develop the projects is Rs 2,000 a sq ft," Lodha Developers, Managing Director, Mr. Abhisheck Lodha said. The land bank of the company stands at 260 million sq ft, which is enough to keep it busy for the next 10-12 years.