Lodha Developers takes to affordable housing in Mumbai as IPO looms
It is affordable housing that is driving Lodha Developers business as close to 80% of the homes being sold are in this segment. “With the recent Credit Linked Subsidy Scheme announced by the government on affordable housing, some of our projects qualify for the benefits. A buyer gets subsidy and we get tax holiday for a period of five years,” said an executive from the company.
Lodha Developers, which tell recently focused on the premium segment, is now banking big on affordable housing with three projects in the Mumbai Metropolitan Region (MMR). Image source: DNA India