Lodha Group records outstanding sales
Lodha Group, announced its best ever month in FY16-17 in February 2017, clocking new sales of over Rs. 800 crores.
Lodha Group witnessed strong customer response to its new launches at World Towers (Codename Trinity) and Palava (Central Park) being the largest contributors to overall sales. The company sold over 850 units in the month of February alone across price points ranging from Rs. 40 lakhs to Rs. 10 crores and across projects from mass to luxury housing. Over 6000 customers visited various project sites – highest ever footfalls as compared to other months of the current financial year.
Commenting on this remarkable success, Mr. Prashant Bindal, Chief Sales Officer (CSO), Lodha Group, said, “We are overwhelmed with the kind of customer response we have seen in February, especially when there have been contradictory theories about the economy and real estate sector’s performance. Our belief is that the real estate demand is India is very strong and sustainable for high quality product from credible developers and this strong performance shows that the adverse effects of demonetization have now passed and market is returning to normal operating conditions. We will be watching March and April performance closely and if they also perform well, we can safely conclude that real estate will have a strong year in FY 17-18 on the back of good economic growth and positive government policies and implementation.”