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Lodha Developers Limited — Capital/Financing Update 2021
Oct 4, 2021
61952_rns_2021-10-04_ab364cbb-e595-4449-a3e9-4e419ea86b92.pdf
Capital/Financing Update
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October 4, 2021
The Listing Dept., BSE Limited Corporate Relationship Department Phiroze Jeejeebhoy Towers Dalal Street Mumbai- 400001
Scrip Code: 543287 Scrip ID:- LODHA
The Listing Dept. National Stock Exchange of India Limited Exchange Plaza, C-1, Block G Bandra Kurla Complex Bandra (E), Mumbai – 400 051
Trading Symbol : LODHA Debt Segment - DB - LDPL23 & DB-LODL23
Sub: Media Release
Dear Sir/Madam,
We would like to provide an update on the performance of our UK investments:
1 Grosvenor Square, London (GSQ) :
Travel restrictions to the UK for visitors from the USA and Europe were eased starting in August 2021, allowing prospective purchasers to visit our 1 Grosvenor Square development for the first time since its readiness.
In the month of September, the project achieved Pre Sales of £110 million (~INR 1100 crores).
The level of customer enquiries and visits has continued to rise and indicate the potential for continued strong sales performance in the current quarter.
The current performance exceeds our business plan and if the trend continues without any further unforeseen events, we expect to sell out the project ahead of our business plan of FY 24, expediting release of capital for our growth and deleveraging.
Lincoln Square, London (LSQ):
Lincoln Square achieved Pre Sales of £35 million (~INR 350 crores) during the quarter, its best ever quarterly performance.
This is for the information of your members and all concerned. You are requested to disseminate the above information on your websites.
Thanking you,
Yours faithfully, For Macrotech Developers Limited Sanjyot Rangnekar Company Secretary & Compliance Officer Membership No. F4154
Macrotech Developers Limited: Lodha Excelus , NM Joshi Marg, Mahalaxmi, Mumbai 400 011, India • T + 91 22 6133 4400 Regd. Office: 412, Floor-4, 17G Vardhaman Chamber, Cawasji Patel Road, Horniman Circle, Fort, Mumbai 400 001, India
CIN: L45200MH1995PLC093041 www.lodhagroup.in