Lodha Developers in talks to sell London properties for Rs 4,200 crore

Lodha Developers in talks to sell London properties for Rs 4,200 crore: report

The property developer is close to completing its formalities to sell Lincoln Square on Carey Street and 1 Grosvenor Square in Mayfair to a London-based international fund: report

Lodha Developers had a net debt of around Rs 14,000 crore, three times its net worth (Rs 4,660 crore), as on December 31, 2017.

The Mumbai-based realtor Lodha Developers is in talks to sell two of its residential projects in London for about Rs 4,200 crore to bring down debt, The Economic Times reported.

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