Construction industry | The Guardian
Construction competition: Lodha plans £3bn push into London property
India's biggest housing developer wants to develop capital properties ranging from mid-market to super-prime
UK housebuilders could face aggressive competition in London from the Indian developer Lodha Group, which is planning a £3bn push into property in the capital, according to the Financial Times.
India's biggest housing developer, which last year bought the former Canadian high commission building in Mayfair for £306m, wants to develop properties ranging from mid-market to super-prime. "We want to be among the top two developers in London in the next five years," Abhishek Lodha, managing director, told the FT.
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