Tag: land deal inflation
Mumbai News: Ex-Lodha Developers Director Rajendra Lodha Accused Of Inflating Land Deals Worth ₹68.35 Crore, Remanded To Judicial Custody
The Mumbai police has alleged that Rajendra Lodha, former director of Lodha Developers Ltd (LDL) has allegedly purchased around 21 properties for LDL for 68.35 crores in total from Usha properties. However, it is alleged that Usha properties had purchased these properties only for 26.61 crores just a few months before they were sold to LDL.
The New York Times
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