About Project - New Cuffe Parade
New Cuffe Parade will unfurl the life experienced in acclaimed world cities. A series of 45-storey residency towers, spread across 23 acres, will set new highs in luxury living while pioneering the concept of 'responsible' luxury. Designed by globally renowned names like WOHA and Sitectonix.
About Builder - Lodha Group
LODHA â Company Profile for website
Established in 1980, privately held Lodha Group is India's No 1 real estate developer and amongst the world's select multinational real estate developers with presence in India and the United Kingdom.
The company is one of the most profitable players in India and the largest by sales for three consecutive years. It achieved net sales of INR 7,790 Cr for FY 14-15 and INR 7,520 Cr for FY 13-14 with INR 8,092 Cr in FY 12-13 and INR 3,911 Cr in FY 11-12.
The Group is currently developing an estimated 43 million sq ft of prime real estate with the largest land reserves in MMR, and has 28 ongoing projects across London, Mumbai, Pune and Hyderabad and expanding in Bangalore. The group has the largest land bank of over 6,200 acres with an estimated saleable area of ~553 million sq ft. In FY 14-15 alone the company delivered 5.7 million square feet and 5,500 units across projects. The group plans to deliver more than 11.8 million sq ft in FY 15-16.
Lodhaâs vision of âBuilding a Better Lifeâ extends across markets with several landmark developments to its credit including World One â the world's tallest residential tower, and Palava City â the first Greenfield smart city in the country. The group has brought some of the top global names including Armani/Casa, Trump, Philippe Starck, Jade Jagger, Kelly Hoppen, Greg Norman and Pei Cobb Freed to India. The Group has recorded the biggest land deal in India till date, buying a plot for INR 4,053 Cr from the Mumbai Metropolitan Region Development Authority (MMRDA) in 2010, where it is developing New Cuffe Parade, a world-class mixed use development set to become the new city centre of Mumbai. The group has acquired other notable land parcels in Mumbai such as the 88-acre land parcel in the Thane region; the 17 acres Mumbai Textile Mills parcel for ~INR 2,727 Cr from DLF, and the famous Washington House property on Altamount Road from the American government.
In November 2013, the Group extended its international footprint with the acquisition of the landmark MacDonald House at 1 Grosvenor Square in Prime Central London from the Canadian Government for a consideration of over GBP 300 million (INR 3,100 Cr). It was selected as the preferred bidder in the face of serious competition from sovereign wealth funds and leading developers from across the globe. With this acquisition, the Group has set up business in the UK with a planned investment of GBP 3 billion (>INR 30,000 Cr) over the next 5 years and enthused India by its move towards creating an Indian multinational. The Group acquired another premium site in Prime Central London, âNew Courtâ at 48 Carey Street, taking the combined investment to GBP ~400 million. The group is on target to deliver over 1,000 homes each year from 2017 and is planning a further Â£3 billion worth of investment in the UK by 2018. With offices in London, Dubai and Shanghai and planned openings in the USA and Singapore, the Group is on the road to substantial international presence.
Lodha Group is one of the largest corporate entities in Mumbai, with over 3,870 direct associates and over 25,000 workmen at its sites. It has the largest technical manpower in real estate (1,800+ engineers, 800+ management professionals, 150 designers and architects supporting an 1,800 strong construction management team. The company also comprises of over 550 marketing and sales professionals, supported by 300 customer care representatives. The group is also the largest premier B-school recruiter, having employed over 300 fresh graduates.
Pioneering new trends in the market, the Group introduced CASA by Lodha, offering the mid-income consumer luxury homes within easy reach. The Group also introduced the concept of branded office spaces, with offerings at every level, from world-class corporate offices and large-scale office campuses to signature boutique offices for growing businesses.
Lodhaâs clean title land, world-class design, excellent execution, differentiated branding and marketing together with energetic on-ground sales have worked well to create the best value for customers. The Group's tremendous success has been marked by financial investments from the finest global long-only investors, including JP Morgan, Deutsche Bank, HDFC Ventures and ICICI Ventures. Going beyond its role as a premier real estate developer, the Lodha Group has been a socially responsible corporate, focusing on education as the best medium to enrich society.