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Realty firm Lodha has designed an investment of around Rs 5,000 crore for building residential and commercial real estate property on the 17 acre land in the plush area of Worli throughout south Mumbai, which it bought from DLF recently. In last November, Lodha bought 17 acre land through realty firm DLF with regard to Rs 2, 727 crore. “We have planned an overall investment of Rs 5,000 crore for the entire project, out of which we've already invested over Rs 2,700 crore in purchasing the land. We will end up being further investing over Rs 2, 300 crore in developing a variety of projects including high springs up, town houses, luxury retail and even select bungalows, ” company’s M . D . Abhisheck Lodha said in Monday. The company has now launched two luxury residential buildings beneath the brand ‘Blue Moon’ and construction work towards the project is happening, he said, adding: “We will be establishing our third tower within the next three months. ” In the pre-launch of these two towers, the company obtained applications worth Rs 5,500 crore, out of which Rs 3,500 crore value applications were accepted. Lodha has thus far sold 700 apartments in the project. When asked how the company was planning to boost funds for this undertaking, Lodha said, “we formerly spent Rs 2, seven-hundred crore. For the added, we already have strong cashflow from the pre-launch gross sales. In addition to in which, we also have tied-up using banks for construction fund. ” As a portion of this project, the company has additionally planned to develop a new park across 7-acre place. “ is inspired from the great urban parks with the world, like Hyde Park throughout London and Central Park in Ny. We will be featuring various different projects for this, ” Lodha added. The corporation has appointed Bollywood professional Aishwarya Rai Bachchan because the brand ambassador for the actual park project also known as According to your report in the Economical Times, the actress has acquired a 4-bedroom apartment in for more as compared to Rs 5 crore.
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