Lodha group sales up 30 pc at ~8,500cr in FY17

Realty major Lodha group’s sales bookings rose by 30 per cent last financial year to about ~8,500 crore driven by growth in the domestic market and foray into London. Mumbai-based developer achieved a modest 10 per cent rise in sales bookings from projects in India at about ~7,000 crore during the last fiscal with demand getting affected for three months post demonetisation. “Our new sales bookings grew by 30 per cent last financial year at around ~8,300-8,500 crore. Out of this, about ~7,000 crore sales were from Indian market and rest from London where we launched our first project,” Lodha group Managing Director Abhishek Lodha said.