Abhinandan Lodha, the Chairman of HoABL, has filed a police complaint against Macrotech Developers, a major real estate company in Mumbai. The complaint alleges financial irregularities and mismanagement.
Real EstateMumbaiMacrotech DevelopersAbhinandan LodhaFinancial IrregularitiesReal Estate MumbaiApr 07, 2025
The main allegation is that there are financial irregularities and mismanagement within Macrotech Developers, including large sums of money being transferred without proper documentation and potential conflicts of interest.
Abhinandan Lodha is the Chairman of HoABL and a member of the prominent Lodha family. He is the younger brother of Nawaz Lodha, who leads Macrotech Developers.
Macrotech Developers is one of the largest real estate developers in Mumbai, known for its significant portfolio of residential and commercial projects. It plays a crucial role in the city's real estate market.
The potential impact could be far-reaching, affecting the progress of Macrotech Developers' ongoing projects and the confidence of their investors. It could also add to the regulatory scrutiny in the industry.
Macrotech Developers has issued a statement denying all allegations and stating that they will cooperate fully with the investigation.
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