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Lodha Group Launches Startup Investment Fund For Real
Estate and Smart City technologies
~ Announces an initial investment corpus of Rs. 50 crores ~
~ Fund aimed to encourage adoption of technology in India’s real estate sector ~
Mumbai, January 04, 2017: Lodha Group, India’s largest real estate developer, today
announced launch of its maiden investment fund for startups focused on smart city solutions
and overall real estate sector. With an initial investment corpus of Rs. 50 crores, the
company will not only provide angel funding or venture capital, but also business
opportunities, industry contacts and mentorship.
Lodha Group’s Startup Investment Fund will invest in startups at all stages of the
development cycle, including early stage startups, which are focused on creating value in
the real estate and smart city space in India. Within real estate, the company will look at all
aspects of the value chain, right from Digital Marketing to Analytics and from Customer
Relationship Management (CRM) to smart city services. Lodha Group will make all possible
resources accessible to the startups, essential for their success, as long as the ideas and
founders resonate with the company’s philosophy and values.
Launching the Startup Fund, Abhishek Lodha, Managing Director, Lodha Group
said, “Our fund’s philosophy is in line with Hon’ble Prime Minister Mr. Narendra Modi’s three
core campaigns - Startup India, Housing for All and Demonetization. Real estate sector is
unarguably an important sector for India’s economy being the 2nd largest employer in the
country after agriculture. As India ushers in a new era on the back of pathbreaking policy
changes such as demonetization, RERA and GST, the sector too will reap its benefits in the
long run. Demonetization and decline in interest rates alongside the government’s new
incentives for low cost housing will boost the overall growth of the real estate sector.
To aid this progress, our fund will address the prevailing inefficiencies in the sector with the
use of technology and smart solutions. Being the largest developer in the country, we have
a deep knowledge of the sector and the inefficiencies affecting this growth – we will be able
to combine this knowledge with the energy and technical know how of startups to find
pathbreaking solutions enabling India’s real estate industry to leap frog ahead and become
globally benchmark-able in its innovation and practices. We have been working in a focused
manner to establish this platform over the last few months. 2-3 business ideas have been
already vetted and the first round of investments will be completed by March 2017. With the
launch of the Startup Investment Fund, the company will bring significant expertise,
knowledge and resources for the technology led solution providers which aim to serve the
smart city and real estate space and enable the real estate sector to contribute in a bigger
manner to our nation’s employment and economic growth. We welcome all players in this
space to reach out to us at [email protected] and explore how we can work
together for a win-win partnership.”
Lodha Group has been at the forefront of delivering best-in-class products and unparalleled
experiences to its consumers across its developments. The company has always challenged
the status quo and innovated to get to its leadership position in India’s real estate sector.
From the world’s tallest residential tower – World One to the world’s largest (non govt.)
greenfield smart city development – Palava, it has pioneered use of technology and
futuristic solutions to bring quality, branded housing in India.
About Lodha Group:
Established in 1980, privately held Lodha Group is India’s leading real estate developer and amongst
the world’s select multinational real estate developers with presence in India and the United Kingdom.
The company is the largest in India by sales for four consecutive years, having clocked over INR 6,400
Cr of net news sales for FY 15-16. The company is currently developing around 4.1 crore sq. ft. of
prime residential real estate globally with the largest land reserves in the Mumbai Metropolitan Region
and has 31 ongoing projects across London, Mumbai Metropolitan Region, Pune and Hyderabad. In FY
2015-16, Lodha Group delivered 6,800 units across projects.
Lodha Group has several landmark developments to its credit including World One, Mumbai, the
world's tallest residential tower, and has brought some of the top global names including
Armani/Casa, Trump, Philippe Starck, Jade Jagger, Greg Norman and Pei Cobb Freed to India. In
2013, the Group has extended its international footprint with the acquisition of the landmark
MacDonald House at 1 Grosvenor Square in Prime Central London from the Canadian Government for
a consideration of over GBP 300 million (INR 3,100 Cr). Lodha Developers is one of the largest
corporate entities in Mumbai and one of the largest employers in the MMR, with over 3,800 direct
associates and over 25,000 workmen at its sites. The group is committed to investing two per cent of
its profits towards corporate social responsibility, focused primarily on education as a transformative
tool. With offices in London, Dubai and Shanghai and planned openings in the USA and Singapore,
Lodha Group is on the road to substantial international presence.
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LODHAGroup.com
Press Contact:
Monica Miglani // +91 80077 32727 // [email protected]
Aishwarya Chopra // +88280 57592 // [email protected]