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Home > Forum > Real estate News > Lodha Group's another high-end property inUK

Lodha Group's another high-end property inUK

Q: Hi! Lodha Group a Indian real estate developer is stepping towrds other countries as well. They are going to start one of its business hub in UK investing Rs. 900 crore.

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Replies (3)
1
Hi all,
Can anybody tell me what is the total land area of theMcDonald House? Was it also a commercial property?
Joseph Sebastian


Hello Joseph,
The 0.67-acre or 1.6 lakh sq-ft property, located at a stone's throw from Buckingham Palace, will also be converted into super-luxury homes.
Pradeep naidu,  Hyderabad
24th February 2014


2
Hi everybody,
Have they paid the initial amount for this property to the earlier owner? When are they goin g to pay the rest of the amount?
Pavan Jain


Hello Pavan,
Yes, Lodha has already paid the initial amount of 10% of the cost, or roughly Rs 90 crore, to the earlier owner, West End of London Property Unit Trust. The rest will be paid within three months.
Sanjay Gupta,  Delhi-NCR
24th February 2014


Well,
Do you know that what is the toal saleble area of the property?
Pavan Jain,  Delhi-NCR
24th February 2014


Yes, The property has a total saleable area of about 2 lakh sq feet. They also plans to focus on London as one of their two main markets and they will continue to look for opportunities that come up in this market."
Sanjay Gupta,  Delhi-NCR
24th February 2014


When did they purchase the MacDonald House? Where is it located and how much they have to pay for that?
Pavan Jain,  Delhi-NCR
24th February 2014


Well Pavan,
The realty major on November 28, 2013, bought McDonald House, the Canadian High Commission's building in central London, for over Rs 3,120 crore (£306 million).
Sanjay Gupta,  Delhi-NCR
24th February 2014


3
Hi,
What is the name of the project and where is the project located? Is it a residential or commercial project?
N.Mathur


Hello N.Mathur,
They named it New Court spread over 1.15 acres, is located next to London School of Economics and Kings College.
Joydeep D,  
24th February 2014


Earlier it was a commercial Hub but but now it is going to conver into a residential homes.
Joydeep D,  
24th February 2014


Ohhh really, they had also purchased McDonald House last year for over Rs.3120 crore. They are realy touching a new height in real estate market.
N.Mathur,  Delhi-NCR
24th February 2014


Yes, they had also bought the Canadian High Commission Building before it and now the New Court in London. They are really doing a funtastic job.
Joydeep D,  
24th February 2014


4

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