- Tuesday, April 23, 2024
By: Radhakrishna N S
India’s realty business giant, Lodha Developers will move out of the UK property market and is on its way to sell two of its residential projects in the central London for about Rs 42 billion (£465.80 million), according to a company official on Wednesday (28). The decision to exit from UK’s real estate market is a part of the company’s strategy to cut debt and further strengthen its business. Lodha Developers is planning to launch IPO when market conditions get strengthen and aims to raise about Rs seven billion by selling a share in a middle-level income real estate project…
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