Lodha Codename Big Bang is a new project from the house of Lodha Developers. Project is located in Kolshet Road, Thane.
Earlier “Clariant Chemicals of India” planned to sell 87 acre of land near Mumbai to Lodha Developers for 1154 crore. In their BSE Clarian Chemical said that as they and Ishwer Realty Technologies Pvt Ltd had an agreement, and they are selling their land of 87 acre to them, and in return they will pay Clarian Chemicals 1154 crore. Lodha developers had actually established Ishwer Realty & Technologies and Ishwer is Sub Company of Lodha developers. With inclusion of Lodha Codename Big Bang, Lodha Developers is going to command real estate market of Thane.
Clariant Chemicals of India, the part of Swiss based Clariant International took the approval of shareholders to sale out their land in July of 2014. The regional Clariant Chemicals of India which is actually run by Swiss Based Clariant International, their shareholders granted a special permission to sell this land in July, 2014. The filing stated that the business of land is dependent upon the customary closing conditions and is related to approvals from Govt and decision making authorities, as it are evident. The share price of Clariant Chemicals was increased from 6.08% to Rs 700.15.
The real estate market of Mumbai has got many land transactions in last few months. Last month two major land transactions were done, Oberoi Realty bought from Tata Steel their 25-acre plot in Borivali for Rs 1,155 crore while KEC International sold 7 acre of land in Mumbai for Rs 214 crore to Tata Housing. Lodha Group of developers are expanding their business and they are buying new lands. Lodha group of Developers are one of the leading private property developers of India, with a net income of more than 87 crore. Lodha Group of developers is currently developing more than 35 million sq.ft. of buildings all over the India.
People interested in this Lodha Big Bang project can provide us their details in the attached query form.