Mumbai, Feb 14 (IANS) The Enforcement Directorate arrested a former Lodha Developers director, Rajendra Narpatmal Lodha, under the Prevention of Money Laundering Act in connection with an ongoing probe into an alleged cheating case involving losses of over Rs 100 crore to the real estate company, the agency said on Saturday.A Special PMLA Court in Mumbai on Friday remanded the accused to eight days of ED custody after his arrest on Thursday to facilitate further investigation into the case.“Th…
Latest Lodha Developers News & Updates
Mumbai, Jan 6 (IANS) Lodha Developers’ collections fell to Rs 3,560 crore in the third quarter (Q3 FY26), down from the year-ago period, the real estate firm said on Tuesday.The decline came despite a robust performance in pre-sales, which rose 25 per cent year-on-year (YoY) to Rs 5,620 crore, compared with Rs 4,510 crore in the same quarter last financial year, according to the company’s latest business update.The company said the drop in collections was largely due to one-off inflows recor…