The Lodha brothers have resolved their long-standing brand dispute amicably, with Macrotech Developers emerging as the exclusive owner of the 'Lodha' brand. Discover the key details of this significant real estate settlement.
Lodha GroupMacrotech DevelopersReal EstateBrand DisputeAmicable SettlementReal Estate MumbaiApr 14, 2025
The core of the dispute was over the ownership and usage rights of the 'Lodha' brand. Anuj Lodha started using the brand for his own projects, leading to a legal tussle with his brother Mukesh Lodha.
Macrotech Developers, led by Mukesh Lodha, will have the exclusive rights to the 'Lodha' brand.
The resolution is expected to enhance the Lodha Group's market position and investor confidence, reinforcing its commitment to quality and innovation.
The settlement sets a precedent for other family-owned businesses, highlighting the importance of clear governance and dispute resolution mechanisms in the real estate sector.
Macrotech Developers is expected to launch several new projects under the 'Lodha' brand, focusing on key urban centers in India and expanding internationally into markets like the Middle East, North America, and Europe.
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The Gujarat Real Estate Regulatory Authority (GujRERA) has directed all real estate developers in the state to open separate project bank accounts in Gujarat.
A luxury apartment at Lodha Sea View in Mumbai's Worli has been sold for a record-breaking Rs 187 crore. The property's prime location and ongoing infrastructure projects, such as the Mumbai Coastal Road and Metro Line-3, are driving its desirability.
Realty firm Keystone Realtors reports 45% decline in net profit at Rs 25.82 crore for June quarter FY25, citing higher expenses. Total income rises to Rs 437.20 crore during April-June period.