Sri Lotus Developers Raises Rs 792 Crore for Luxury Real Estate Projects in Mumbai
Mumbai-based Sri Lotus Developers, backed by celebrities like Shah Rukh Khan and Amitabh Bachchan, plans to raise Rs 792 crore through an IPO to fund luxury real estate projects in prime locations across Mumbai.
Real EstateLuxury ProjectsMumbaiIpoRedevelopmentReal Estate MumbaiJul 25, 2025
The developer specializes in redeveloping old buildings into luxury residential and commercial properties across prime city locations. These projects include two-BHK and three-BHK apartments priced between Rs three crore and Rs seven crore, and larger three-BHK, four-BHK, and penthouses ranging from Rs 10 crore to Rs 50 crore.
The company also plans to expand into South and Central Mumbai neighborhoods like Nepean Sea Road and Prabhadevi, as well as eastern suburbs including Ghatkopar, further strengthening its presence in the luxury real estate segment.
As of 30 June, 2025, the developer had completed 0.93 million sq. ft. of developable space and has a pipeline exceeding 1.8 million sq. ft. Its portfolio consists of four completed projects, five ongoing ones, and 11 upcoming developments across Mumbai areas such as Andheri, Juhu, Bandra, and South Mumbai.
Sri Lotus Developers has a robust track record of delivering high-quality luxury properties in prime locations. The company’s focus on redeveloping old buildings not only adds value to the property market but also contributes to urban rejuvenation. With the planned expansion and the anticipated funds from the IPO, Sri Lotus Developers is poised to strengthen its position in the luxury real estate market in Mumbai.
Frequently Asked Questions
Who are the notable investors in Sri Lotus Developers?
Sri Lotus Developers is backed by celebrities such as Shah Rukh Khan’s family trust, Amitabh Bachchan, Hrithik Roshan, and prominent investor Ashish Kacholia.
How much does Sri Lotus Developers aim to raise through its IPO?
Sri Lotus Developers aims to raise approximately Rs 792 crore through its IPO.
What type of properties does Sri Lotus Developers specialize in?
Sri Lotus Developers specializes in redeveloping old buildings into luxury residential and commercial properties in prime locations across Mumbai.
What are the price ranges for the properties offered by Sri Lotus Developers?
Sri Lotus Developers offers two-BHK and three-BHK apartments priced between Rs three crore and Rs seven crore, and larger three-BHK, four-BHK, and penthouses ranging from Rs 10 crore to Rs 50 crore.
What are the future expansion plans of Sri Lotus Developers?
Sri Lotus Developers plans to expand into South and Central Mumbai neighborhoods like Nepean Sea Road and Prabhadevi, as well as eastern suburbs including Ghatkopar.
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