The 30-year-old managing director of the Lodha Group, who had a stint with McKinsey before joining the group which is the same age as him, clearly walks the talk.
The project, titled New Cuffe Parade, will come up at Wadala and is spread across 23 acres over the next five to seven years.
Mumbai-based realty firm Lodha Developers, which plans to hit the capital market with its IPO early next year, will invest Rs 6,000 crore (Rs 60 billion) in the next three years on construction of its existing projects.
The revival in Mumbai's property market could help the group.
The company will develop residential and commercial real estate on the 17-acre land in the plush area, which it bought from DLF last year.
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