Lodha Developers has acquired around 8.37 acres land in a prime location in Bengaluru, through acquisition of 100% stake in Chaitanya Bilva (CBPL), pursuant to which CBPL has become a wholly owned subsidiary of the Company.
The acquisition is in pursuance of company’s planned strategy for calibrated growth in certain Tier 1 cities through inorganic route. The cost of acquisition is Rs 499.61 crore. CBPL is engaged in the business of development and construction of real estate projects.
Lodha Developers (formerly known as Macrotech Developers) is one of the leading real estate firms in the country.
