Mumbai-based private property developer Lodha Group acquired the Canadian embassy building in London’s Mayfair district for $530 million (Rs 3,300 crore then) in its biggest overseas move in November 2013. Abhishek Lodha, managing director, announced plans to become one of the biggest investors in London’s residential property market by spending as much as $5 billion: $3 billion for acquiring new assets and $2 billion for construction and developing a slate of properties ranging from super-prime to mid-market by 2018 end.
Read more: Economics Times
