Mumbai-based, premier real estate company, Lodha Group is planning to spend over Rs. 5,000 crore to develop residential as well as commercial project in the posh locality of South Mumbai, Worli. The project will be constructed on 17 acre land which this realty company had acquired from the real estate firm DLF. Lodha Group bought this land for Rs. 2,727 crore.According to the MD of Lodha Group, the company will be investing over Rs. 5,000 crore out of which Rs. 2,700 crore has already been invested in purchasing land, the remaining Rs. 2,300 crore will be used in developing luxurious projects like high rise towers, bungalows, town houses and plush retail outlets. Under the brand ‘Blue Moon’, the company has already launched two luxury residential towers. The construction work is going on. Apart from these, the firm is all set to launch the third tower in next three months.Lodha Group received applications worth Rs. 5,500 crore during the pre-launch of these two towers, out of which the company accepted applications worth Rs. 3,500 crore. Till now, it has sold 700 apartments in this project.With respect to financial backing to this project, the company MD said that they have already invested Rs. 2,700 crore; in addition to that the firm has strong cash flow from its pre-launch sales. Apart from this, the firm has also tied-up with banks for funding.Lodha group further added that the project plan will include a park across 7 acre area. The concept of the park is inspired by well-known parks of the world like Central Park in New York and Hyde Park in London. Various projects will be developed around the park.займ на карту без отказов круглосуточновзять кредит онлайн