Sri Lotus Developers and Realty Limited
Sri Lotus Developers and Realty Ltd, incorporated in 2015, is a Mumbai-based luxury and ultra-luxury real estate developer. Operating under an asset-light model, it focuses on redevelopment projects in the western suburbs, with its Lotus Developers brand enjoying a 22% pricing premium in the Juhu micro-market.
What Sri files
- Others33
- Updates29
- Investor Meet26
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- Board Meeting9
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Sri Lotus Developers has invested 0.5 Cr in five new wholly-owned subsidiaries. This strategic move aims to expand the company's presence in the real estate sector for residential and commercial projects.
Sri Lotus Developers incorporated a Wholly Owned Subsidiary, Sri Lotus Grand Abodes Private Limited, with a paid-up capital of ₹0.1 Cr. This expands the company's real estate business into residential and commercial project development.
Sri Lotus Developers has incorporated a Wholly Owned Subsidiary, Sri Lotus Imperial Projects Private Limited, to strategically expand its real estate business. The company invested 0.10 Cr for 100% equity in this new entity, aiming to bolster its market presence.
Sri Lotus Developers formed two new wholly-owned subsidiaries, each with an initial paid-up capital of Rs 0.1 Cr. This move aims to expand its real estate development and re-development business.
Lotus Developers reported Q3 consolidated revenue of ₹15.75 Cr and PAT of ₹69.71 Cr. The Board extended the timeline to utilize ₹483.57 Cr unutilized IPO proceeds due to project delays. It also approved a ₹50 Cr lending limit for a subsidiary and investment in new wholly-owned subsidiaries.