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Lodha Plans to Sell 150 Acres at Mumbai Data Centre Park for Rs 10,000 crore

Lodha Group logoLodha Group
Sig3.48Sen+5.35Env-1.10Soc+0.30Gov+0.15

Lodha Developers plans to sell 150 acres at its data centre park in the Mumbai Metropolitan Region over the next 3-4 years for nearly Rs 10,000 crore, expecting about Rs 60 crore per acre. The company targets 20% annual net profit growth to Rs 4,100 crore this fiscal year and reported its best-ever quarterly profit, with June-quarter profit doubling to Rs 1,373.1 crore.

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