Lodha excited about Pune's growth prospects, announcing entry into city

August 20, 2021

Lodha to bring global premium lifestyle and bespoke experiences to Pune homebuyers

Pune, August 19, 2021: Lodha Group, India's No 1 real estate developer*, is pleased to announce their expansion into Pune city. Lodha intends to develop a significant number of premium residential developments in Pune, catering to the growing demand for high quality housing in the city.

Lodha is synonymous with providing one-of-a-kind, unique living experiences that stretch beyond the residence. Renowned for building the world's finest developments, Lodha has created several iconic landmarks across the globe, including No.1 Grosvenor Square London, Lodha Altamount, The World Towers, Lodha Belmondo to name a few; delivering the highest standards in luxury living. The
brand will now bring its exclusive expertise in design, construction, and service to Maharashtra's cultural capital - Pune.

Commenting on the expansion, Abhishek Lodha, Managing Director & CEO, Lodha Group, says, "Pune is a fantastic city. Its culture is renowned. We believe that its strong manufacturing and IT industries, combined with its educational fabric will make Pune amongst India's top 5 cities in this decade. With Pune moving into the league of the top cities in India, as India's No 1 developer, we
want to play a key role in this amazing journey for Pune and Punekars - bringing our superlative expertise in delivering the world's finest developments, we intend to create the same standard of living in Pune that we have delivered in London and Mumbai. We look forward to bringing our global expertise to cater to the needs of homebuyers in the Pune market who look for premium homes that
are spacious, amidst greenery, world-class amenities and properties that provide integrated living. We are confident that Punekars will enjoy the high quality developments that we will be building and the employment that we will be creating through our significant investments in our new project near NIBM and other upcoming developments."

Lodha Group's first project is located on NIBM Road in South East Pune, adjacent to Pune's pristine cantonment area. The premium project will offer efficient design with high-end finishes, large decks, optimal space planning with minimal passage and beautifully designed open spaces. It will further be one of the tallest buildings in the NIBM area with unobstructed views of the city, offering exclusive amenities like a clubhouse with a gym, football and cricket, café lounge, indoor games, and party hall. Furthermore, the project will have sustainability at its core, enhancing Lodha's commitment towards providing a better Earth for upcoming generations. This, merged with the high-quality property management, timely delivery, and lifestyle services provided by Lodha will ensure an
evolved standard of living and transform the housing market in Pune.

Pune is the second-largest city in the state after Mumbai. It is a key centre of academics and business that epitomises 'New India'. Apart from making its mark as an educational epicentre, the city is the cultural capital of the state. With thriving economy and so much energy, the city has emerged as a new start-up hub, with information technology, engineering, and automotive companies flourishing as well. With historical tourist attractions, coupled with the implementation of the smart city development plan, the coexistence of the old and new has significantly amplified the city's liveability quotient, providing a quality life to residents.

* By sales of FY 2014-2021

About Lodha Developers

Lodha Group is among the largest real estate developer in India that delivers with scale. Core business of Lodha Group is residential real estate development delivered to the highest standards of design, product and service. The Group also has a growing Digital Infrastructure business where in a short span of time, it has scaled up and made its mark by providing logistics and light industrial solutions to top companies. Lodha Group has delivered more than 80 million square feet of real estate and is currently developing ~75 million square feet under its ongoing and planned portfolio. The Group has more than 4600 acres of land beyond its ongoing and planned portfolio which will be utilized in developing further Residential, Commercial and Digital Infrastructure. Thriving at building the world's finest developments, Lodha has created several iconic landmarks including 1 Grosvenor Square and Lincoln Square in London and The World Towers, Lodha Altamount, Lodha Park, Lodha New Cuffe Parade and Palava City in Mumbai.

Disclaimer

Certain statements in this document may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like regulatory changes, local political or economic developments, technological risks, and many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward looking statements. Macrotech Developers Limited will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.