Lodha sells 2,000 apartments worth Rs 1,600 crore during pre-launch

The Lodha Group’s township project, comprising 1 and 2-BHK apartments has received 2,000 bookings prior to its launch, the company has said

Realty player Lodha Group on March 14, 2016, said it has sold 2,000 flats worth Rs 1,600 crore, at its township project in Thane during its pre-launch phase.

The Group received interest from over 3,000 home buyers across India, to book flats during the pre-launch phase, the Mumbai-based company said in a statement.

“The project has not only created super normal demand in a highly competitive market such as Thane but also revived its real estate landscape, by reinforcing people’s trust towards appreciation and investment in real estate,” the company’s chief sales officer, Prashant Bindal said.

Lodha acquired the property admeasuring 87 acres from Clariant for Rs 1,154 crore in December, 2014. The company has proposed to develop 3,500 apartments of 1 and 2 BHK, housed in 27-30 storeyed towers.

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