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Lodha in talks with HDFC to develop 1.4 million sq ft office project in Mumbai

Economic Times  

Realty major Lodha Group, now known as Macrotech Developers, is in talks with mortgage lender HDFC for a tie-up to develop a 1.4 million sq ft commercial project in Mumbai's Andheri suburb. HDFC is a financial investor in the development that is currently being undertaken by Omkar Realtors & Developers as a slum rehabilitation project. Other large developers including Runwal Group and Rustomjee Group also held discussions earlier for this project. As part of this proposed tripartite agreement, Lodha will be responsible for development of the 15-storey office tower with five basements, while Omkar is expected to secure approvals in addition to completing the rehabilitation part.