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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.
Sri Lotus Developers and Realty Limited announced that promoter Anand Kamalnayan Pandit sold 97,70,000 equity shares via open market to comply with minimum public shareholding norms. Consequently, promoter holding reduced from 81.87% to 79.87%.