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from BUSINESS LINE, October 27, 2008 Hyderabad, Oct. 26 - The Lodha Group, a Mumbai-based realty company, is entering the Hyderabad market with an estimated Rs 800-crore 'by invitation' project.
The focus would be on the 'luxury' market segment. Individual towers of 45 floors, with each floor housing one apartment of roughly 5,000 sq ft, would be offered to select people, said Mr R. Karthik, Senior Vice-President (Marketing).
The Lodha Group had acquired 12.9 acres of land for the project in a Government auction in Cyberabad area, about six-seven months ago. This would be the first major initiative for the group outside Maharashtra, he told Business Line …