Posted Aug 30, 2012, 9:09 PM
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Mortaaaaaaaaar!
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Join Date: Aug 2007
Location: Naugatuck, CT/Worcester,MA
Posts: 3,506
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Really nice steady progress now.
Coolguyz
There was some worry about getting approvals for this tower, but they appear to have been dealt with for the most part. (not entirely sure I believe that though)
Quote:
Our cash flows are far more than sales of any Mumbai player: Abhisheck Lodha
Interview with MD, Lodha Developers
Raghavendra Kamath / Mumbai Aug 29, 2012, 00:46 IST
You have not secured all the permissions for the 117-storey World One project and the Mumbai Metropolitan Region Development Authority (MMRDA) has not given you complete possession in the Wadala project. Isn’t that a concern for your customers?
For World One, we have secured approvals from all departments except from the civil aviation one. It is the least of our worries. It is a process and they are still studying the project. Our international consultants have studied it and have not found any problem. We have not sold one flat more than what we have permission for. We are a fool-proof company and we don’t go beyond what authorities have approved. In the Wadala project, while MMRDA has given possession of a part of the land, we have commenced sales where construction is underway.
In the World One and World Crest projects, how many flats have you sold?
In World One, 60 per cent is sold, while in World Crest, 50 per cent is sold.
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http://www.business-standard.com/ind...-lodha/484779/
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