Exclusive Chat On The Future Of Real Estate In India | CEO @ Work With Abhishek Lodha | ET Now

Abhishek Lodha of Lodha Group on the future of real estate in India. Consumer preference has shifted to very select players. Have an overweight on Mumbai, it is India's largest housing market. Had 30 operating projects last year, and 25 were in Mumbai. Are expanding in Pune with 5 projects, and have 1 project in Bangalore. Have another project launching in Bangalore in 4-6 months. Focus on building deep talent pools, that are decentralized in our operations. Could become a net cash company over the next 2-2.5 years. Aim to maintain debt below 0.5x equity, below 1x of operating cash flow. Can grow pre-sales and topline at 20% and deliver 20% RoE. Are on track to be net zero on carbon emissions in 2024 vs target of 2035.", says Abhishek Lodha.
#realestateindia #housingmarket #mumbairealestate #punerealestate #bangalorerealestate #propertydevelopment #financialtargets #sustainablegrowth #netzeroemissions #futureoutlook
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[@r1874]

Booked a flat with Lodha ( Divino)hoping to have a transparent and fair booking given the brand and premium you pay. Was in for a rude shock when they sold the flat categorically stating a clear view and not disclosing any development by them in front of the tower. However just a couple of months later they launch another project ( Vero) bang in front of the tower in which they sold me the flat. The salesman tells that the view from my booked flat would not be impacted at all and when I ask for written confirmation then they stop replying /responding to mails. How can such a brand firstmisell, then lie repeatedly and then behave in an unprofessional manner. Would not recommend to anyone thinking of booking with them.

[@drago4803]

Some buy a average chicken cage....some buy a good looking chicken cage......its an aspiration and a matter of pride for almost everyone.... Chicken cage = flats Lots of free space(around and inbetween) , fresh air, clean water bodies, polution free travel, should be the aspiration....maybe one day i will go to innisfree and a small cabin built there,made of clay and wattles....and i shall have some peace there, for peace comes dropping slow,dropping from the veils of the morning to where the cricket sings

[@amiteshanand313]

50 lakh home today will become 3.5 cr by 2047, so in those odd 25 years assuming historical inflation he will get poorer not richer. The inflation adjusted return will be absymal.

[@BharatMore2001]

He is talking about 8.85 % CAGR. This is fair enough, keep pace with the inflation.

[@vinaykhanna7275]

The valuation depends upon many factors. its wrong to compare your companies with the FMCG companies. the goodwill of contruction companies are always very low.

[@abhishekrajpure4640]

3rd class seller

[@MultiIndy11]

Not concerned with promotion of company Interested in future outlook of property in India