WHY INDIA?
- GDP GROWTH
- India turns urban
India has been one of the fastest growing economies in the world over the last few years. India’s gross domestic product (“GDP”) grew by 8.3% in 2016, 7.0% in 2017, 6.1% in 2018 and 4.2% in 2019. The International Monetary Fund (“IMF”) estimated a dip of 10.3% in the real GDP growth rate of India in 2020. With continuous quarter-on-quarter growth and COVID-19 related vaccination roll out in place, the Indian economy is projected to show a sharp rise in the real GDP growth in 2021 at 8.8%, as per the IMF.
WHY MUMBAI?
With 32% of total absorption (by units) and 46% of total absorption (by value) in the Top Seven Indian Markets, the Mumbai Metropolitan Region was the top performer in overall residential activity in 2020. Mega infrastructure projects will enhance the connectivity in the city, making it further attractive.
Western: The operational metro line 1 connects micro-market to the Eastern Suburbs micro-market, and the upcoming metro lines 2A, 2B and 6 are expected to enhance the micro-market’s connectivity to various parts of the city
Eastern: The upcoming metro line 3 is expected to boost connectivity from Wadala to Thane and the upcoming large office spaces in Vikhroli, Kanjur Marg are expected to further enhance customer demand in this micro-market
South Central: Upcoming underground metro line 3 is expected to further boost the micro-market’s connectivity to locations within the MMR
- Largest market share
- India's financial centre
In the last six years, the Top Seven Indian Markets witnessed cumulative sales of ₹ 11,881 billion of organized residential developments. With maximum share of absorption and highest capital pricing in the Top Seven Indian Markets, the Mumbai Metropolitan Region (MMR) contributed approximately 32% to 46% in the overall sales value in the last six years. Assuming a similar gross profit margin across different markets, the MMR is likely to have the highest gross profit pool among the Top Seven Indian Markets.
Why Lodha?
We believe that the buying experience is as critical as the living experience and hence it is our endeavour to make it world-class as well.