News & Views on Indian Real Estate

Tuesday, June 10, 2008

Rs 350 Crore to be invested by Lohia Group

Amidst correction in the country's real estate scenario, diversified business house Lohia Group is planning to invest up to Rs 350 crore in developing three projects in the National Capital and Uttar Pradesh by 2011. The group's subsidiary - Lohia Developers Pvt Ltd plans to develop two townships in Lucknow and Moradabad, and a commercial complex in Delhi. The company has already bought a 10-acre commercial land in Delhi, which have about 1.5 million sq ft saleable area. Besides, the company has also acquired 100 acres of land in Lucknow and 50 acres in Moradabad to develop two integrated townships there. Funding of the projects would be a mix of internal accruals and debt.

manish said...

Lohia group is concentrating mainly UP region for their real estate project this will definitely help both of them UP and Lohia Group.

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