Latest Answer: Traffic in road projects grew in the range of 5-6% in FY15 compared with a decrease in FY14. India Rating & Research expects that the tempo to continue in FY16 also on account of increased economic activity. Toll rate increases linked to inflation, whether completely or to a limited extent, have somewhat balance the decrease in traffic numbers in FY15.
Latest Answer: For the year ended March 2015, Lodha Developers' bookings stood at Rs 7790 crore with sales of 6.7 million sq-ft. Lodha Developers has total land reserves of over 4760 acres. The rating by India Ratings reflects their strong fundamentals, operational and sales expertise and high quality land bank.
