Lodha Group raises $ 375 mn for housing project in London

NEW DELHI: Realty firm Lodha Developers' UK arm has raised USD 375 million (about Rs 2,400 crore) from investment company Cain Hoy for construction of its housing project in London. Lodha UK has "raised USD 375 million (GBP 290 million) as construction funding for its Lincoln Square development in London,” the Mumbaibased developer said in a statement. The project is being constructed by Multiplex, the construction arm of global investment major Brookfield, and is expected to be completed in the last quarter of 2018.