Latest news with #AbhishekLodha
Hindustan Times
21 hours ago
- Business
- Hindustan Times
The arithmetic of philanthropy: Lodha Foundation to set up India's 1st privately funded maths institute in Mumbai
MUMBAI: Next weekend, some of the top mathematicians from around the world, including a Fields Medal winner or two, will converge in Mumbai to inaugurate the country's first privately-funded institute dedicated to mathematical sciences in recent years. Tata Institute of Fundamental Research and the Chennai Mathematical Institute which had started as private institutions are now part of government-run educational and research institutions. The arithmetic of philanthropy: Lodha Foundation to set up India's 1st privately funded maths institute in Mumbai The August 17 inaugural symposium marks the start of the Lodha Mathematical Institute of Sciences (LMIS), the brainchild of Abhishek Lodha, chief executive officer, Lodha Group. Describing mathematics as the universal language of progress, the Lodha Foundation spearheading the initiative said: 'From error-correcting codes in satellite communications to computational geometry in robotic vacuum cleaners; from encrypted electronic transactions to topological analysis in big data, what started as mathematical innovations has now become a part of daily life. Mathematics is the stem cell of innovation—adaptable, foundational and far-reaching.' Renowned mathematician Vijaya Kumar Murty, former director of The Fields Institute for Research in Mathematical Sciences, Toronto, and known for his significant contributions to number theory and arithmetic geometry, will head the institute. A 12-member scientific advisory panel comprising leading mathematicians from both India and overseas will steer LMIS in the direction of emerging as a leader in both fundamental and applied mathematical research. Among them is Manjul Bhargava, mathematics professor at Princeton University who won the Fields Medal in 2014 for his groundbreaking work on arithmetic statistics. Among the advisors to the institute are another Fields Medal winner Ngo Bao Chau, who teaches at the University of Chicago, Sourav Chatterjee and Yakov Eliashberg from Stanford and Kavita Ramanan from Brown. To begin, LMIS, based out of the Lodhas' residential and commercials complex at New Cuffe Parade, Wadala, will organise six-month-long thematic programmes. Bhargava will lead the first thematic programme on arithmetic statistics that is scheduled to start later this month. LMIS also plans to organise an annual Indian Congress of Mathematicians and hold lecture series on various topics in pure and applied mathematics. It's not yet clear how many applicants the institute will be taking initially or how it will proceed to grow. 'Abhishek is excellent at mathematics and he even finds the time to teach the subject to his three children after he is back from work. When he told us (Abhishek's father is Maharashtra skill development minister Mangal Prabhat Lodha) that he wanted to start a maths institute in the city, we gave him our full support. It was his plan that some of the world's best mathematicians should collaborate with LMIS to undertake research,' said Manju Lodha, chairperson, Lodha Foundation and Abhishek's mother. It was on Diwali last year that the Lodha Group announced that it would transfer a significant part of its shareholding in Macrotech Developers Ltd, the listed company, to the Lodha Philanthropy Foundation (LPF). With an initial corpus of ₹20,000 crore (US$2.5 billion), setting up a mathematics institute was listed among the foundation's four initiatives. 'Abhishek decided that he would contribute this massive amount from his shares to the Foundation,' Manju Lodha told HT. 'Only five to seven families in India have so far done so. Traditionally, intelligent children from India head overseas to study and work. Through LMIS, Abhishek wants Indians to return and work for India.' Professor Shrikrishna Dani, eminent mathematician from TIFR, who is also an invitee to the symposium, said, 'Developments in mathematical sciences have been at the foundation of the dramatic societal progress in recent centuries, and continue to be ever more relevant in our times. Massive investment of effort and funds focussed on research in mathematical sciences is called for to stay abreast. It is important to transcend the conventional framework in terms of programmes and institution-building to achieve this. The founding of the Lodha Mathematical Sciences Institute is a welcome development in this context. One hopes that this will prove to be a harbinger for further endeavours to promote mathematical sciences in various ways.' Scientific advisory panel Vikraman Balaji, Chennai Mathematical Institute, Manjul Bhargava, Princeton University Sourav Chatterjee, Stanford University Yakov Eliashberg, Stanford University François Labourie, Université de Nice Sophia Antipolis Alexander Lubotzky, Weizmann Institute of Science Mahan Mj, Tata Institute of Fundamental Research Siddhartha Mishra, ETH Zurich Ngô Bảo Châu, University of Chicago Parimala Raman, Emory University Kavita Ramanan, Brown University Ravi Vakil, President, American Mathematical Society, Stanford University
Time of India
2 days ago
- Business
- Time of India
Top 5 real estate developers 'supply-constrained', not demand: Lodha Group MD Abhishek Lodha
India's top five real estate developers are faced with the challenge of "supply" rather than residential demand and any short-term aberration in urban demand will not impact their sales, according to realty major Lodha Developers MD Abhishek Lodha . During 2024-25 fiscal, Godrej Properties , DLF , Lodha Developers, Prestige Estates and Signature Global were the top five listed real estate companies in terms of pre-sales with combined pre-sales of around Rs 96,000 crore. Post-COVID pandemic, the housing market has seen demand shifting towards bigger and branded real estate players. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program In a recent conference call with analysts, Abhishek Lodha listed out various factors which are driving demand for the top five builders, the foremost being the consumers wanting to upgrade their quality of life by purchasing homes from top builders who have a better track record of executing projects. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Daughter thought she had saved 'cute bunnies.' The vet pales when he realizes what they really are Interesticle Undo "...while there may be concerns about the strength of overall demand in urban India, it is important to note that the sales of the top five real estate developers who are focused on quality and consumer service, thereby having strong brands are constrained by supply and not by demand," he said. As per the transcript uploaded on the stock exchanges, Abhishek Lodha noted that the Indian real estate market is in a unique position with top developers unable to satiate the demand for their properties. Live Events Therefore, Lodha said that any short-term aberration in the demand side is unlikely to impact the sales of the top builders. He highlighted that the performance of the key developers during the last fiscal was very strong. "If you look at the numbers for this (April-June) quarter, very strong. So there is no reason why there should be any concerns about demand, especially for the top five developers," Lodha said as he re-emphasised that the sales of the top five developers are "supply constrained, not demand constrained" "Consumers really want to upgrade their quality of life in a low-risk manner, and that's what the top five developers offer," he added. Talking about diversifying into different geographies, Abhishek said the top few developers will be present in the top few cities of the country. "The depth of their presence will improve the quality of the market as well as enable the consumer to get the best quality product irrespective of the city that they are living in," he added. Abhishek also opined that Indian real estate is at the start of a very long-term up cycle as India moves from low-income to mid-income. "There may be some days or some months or some quarters which are weaker. But that's the broad direction," he added. Abhishek Lodha also mentioned that the affordable housing segment has degrown but the other segments are performing well. "It is also important to do the analysis in value terms rather than just in unit terms because that's what you would do in most other categories," he told analysts. In terms of annual sales bookings, Godrej Properties emerged as the largest listed player during the last fiscal with pre-sales of Rs 29,444 crore. Its pre-sales stood at Rs 22,527 crore during 2023-24. Sales bookings of DLF , India's largest real estate firm in terms of market capitalisation, rose to Rs 21,223 crore from Rs 14,778 crore during the period under review. Mumbai-based Lodha Developers Ltd reported sale bookings of Rs 17,630 crore in FY25 as against Rs 14,520 crore in the preceding year. Bengaluru-based Prestige Estates Projects clocked sale bookings of Rs 17,023 crore last fiscal as against Rs 21,040 crore in 2023-24, while Delhi-NCR based Signature Global achieved sales bookings of Rs 10,290 crore as against Rs 7,270 crore.
Hans India
2 days ago
- Business
- Hans India
Top five real estate developers 'supply-constrained', not demand: Lodha Group MD Abhishek Lodha
New Delhi: India's top five real estate developers are faced with the challenge of "supply" rather than residential demand and any short-term aberration in urban demand will not impact their sales, according to realty major Lodha Developers MD Abhishek Lodha. During 2024-25 fiscal, Godrej Properties, DLF, Lodha Developers, Prestige Estates and Signature Global were the top five listed real estate companies in terms of pre-sales with combined pre-sales of around Rs 96,000 crore. Post-COVID pandemic, the housing market has seen demand shifting towards bigger and branded real estate players. In a recent conference call with analysts, Abhishek Lodha listed out various factors which are driving demand for the top five builders, the foremost being the consumers wanting to upgrade their quality of life by purchasing homes from top builders who have a better track record of executing projects. "...while there may be concerns about the strength of overall demand in urban India, it is important to note that the sales of the top five real estate developers who are focused on quality and consumer service, thereby having strong brands are constrained by supply and not by demand," he said. As per the transcript uploaded on the stock exchanges, Abhishek Lodha noted that the Indian real estate market is in a unique position with top developers unable to satiate the demand for their properties. Therefore, Lodha said that any short-term aberration in the demand side is unlikely to impact the sales of the top builders. He highlighted that the performance of the key developers during the last fiscal was very strong. "If you look at the numbers for this (April-June) quarter, very strong. So there is no reason why there should be any concerns about demand, especially for the top five developers," Lodha said as he re-emphasised that the sales of the top five developers are "supply constrained, not demand constrained" "Consumers really want to upgrade their quality of life in a low-risk manner, and that's what the top five developers offer," he added. Talking about diversifying into different geographies, Abhishek said the top few developers will be present in the top few cities of the country. "The depth of their presence will improve the quality of the market as well as enable the consumer to get the best quality product irrespective of the city that they are living in," he added. Abhishek also opined that Indian real estate is at the start of a very long-term up cycle as India moves from low-income to mid-income. "There may be some days or some months or some quarters which are weaker. But that's the broad direction," he added. Abhishek Lodha also mentioned that the affordable housing segment has degrown but the other segments are performing well. "It is also important to do the analysis in value terms rather than just in unit terms because that's what you would do in most other categories," he told analysts. In terms of annual sales bookings, Godrej Properties emerged as the largest listed player during the last fiscal with pre-sales of Rs 29,444 crore. Its pre-sales stood at Rs 22,527 crore during 2023-24. Sales bookings of DLF, India's largest real estate firm in terms of market capitalisation, rose to Rs 21,223 crore from Rs 14,778 crore during the period under review. Mumbai-based Lodha Developers Ltd reported sale bookings of Rs 17,630 crore in FY25 as against Rs 14,520 crore in the preceding year. Bengaluru-based Prestige Estates Projects clocked sale bookings of Rs 17,023 crore last fiscal as against Rs 21,040 crore in 2023-24, while Delhi-NCR based Signature Global achieved sales bookings of Rs 10,290 crore as against Rs 7,270 crore.
Hindustan Times
4 days ago
- Business
- Hindustan Times
Lodha Developers expects its market share in MMR to touch 20% by the end of the decade
Mumbai-based listed real estate developer Lodha Developers expects to double its market share in the Mumbai Metropolitan Region (MMR), Pune, and Bengaluru by the end of the decade. Mumbai real estate update: Lodha Developers expects its market share to rise to 15% in the Pune real estate market from its existing 5%, and 12% in the Bengaluru real estate market from 2% currently, the investor's presentation revealed.(HT Files) According to the investor presentation shared with stock exchanges alongside its Q1FY26 financial results, the company projects its market share to exceed 10% across MMR, Pune, and Bengaluru by the end of the decade. The company said its market share as of FY24 is 10% in MMR, which is likely to go up to 20% by the end of the decade, followed by 15% in Pune from its existing 5%, and 12% in Bengaluru from 2% currently, the investor's presentation revealed. Also Read: Thane real estate market is almost 80% more affordable than Mumbai's suburbs: report Q1FY26 results The company's sales bookings increased 10% during the April-June period of this fiscal year to ₹4,450 crore. The company's total income increased to ₹3,624.7 crore in Q1FY26 from ₹2,918.3 crore during the same time last year. Lodha Developers has delivered 110 million sq ft of real estate and is currently developing more than 130 million sq ft under its ongoing and planned portfolio. Land deals in Delhi-NCR Lodha Developers also expects to conclude one or more land deals in Delhi-NCR this fiscal, paving the way for its first project launch in the region in the next financial year, Managing Director and CEO Abhishek Lodha said during the Q1FY26 earnings call on July 28. Also Read: Jab jaaago tab sawera, tension ki koi baat nai hai: Vikas Oberoi on Gurugram real estate market Looking to expand into the Delhi-NCR housing market, Lodha said the company aims to acquire at least one land parcel this year to develop its first residential project in the region. Also Read: Lodha Developers expects to conclude one or more land deals this year, ahead of its Delhi-NCR foray: Abhishek Lodha The foray will begin with a pilot phase, involving a limited number of projects and a moderate level of investment. Lodha Developers plans to enter the Delhi-NCR real estate market within the next year and aims to launch its first project in the region in the next financial year, the company said. "We expect to enter Delhi NCR in the next 12 months and hope to launch in fiscal 2027. The Delhi NCR is an important market for us to get into. We obviously, as we have done in Pune and Bengaluru, will only enter in a gradual manner. We will be starting off with a pilot phase with a moderate number of projects and a moderate level of investment with a view to understanding better how the market operates and how we build out the supply chain for operations as well as sales," Lodha said during a recent investors' call.
Hindustan Times
6 days ago
- Business
- Hindustan Times
Lodha Developers expects to conclude one or more land deals this year, ahead of its Delhi-NCR foray: Abhishek Lodha
Mumbai-based listed real estate developer Lodha Developers expects to conclude one or more land deals in Delhi-NCR this fiscal, paving the way for its first project launch in the region in the next financial year, Managing Director and CEO Abhishek Lodha said during the Q1FY26 earnings call on July 28. Lodha Developers' market share is expected to be more than double by the end of the decade in MMR, Pune and Bengaluru, according to the company''s investor presentation for the Q1FY26.(Macrotech Developers) Looking to expand into the Delhi-NCR housing market, Lodha said the company aims to acquire at least one land parcel this year to develop its first residential project in the region. The foray will begin with a pilot phase, involving a limited number of projects and a moderate level of investment. Lodha Developers plans to enter the Delhi-NCR real estate market within the next year and aims to launch its first project in the region in the next financial year, the company said. "We expect to enter Delhi NCR in the next 12 months and hope to launch in fiscal 2027. The Delhi NCR is an important market for us to get into. We obviously, as we have done in Pune and Bengaluru, will only enter in a gradual manner. We will be starting off with a pilot phase with a moderate number of projects and a moderate level of investment with a view to understanding better how the market operates and how we build out the supply chain for operations as well as sales," Lodha said during a recent investors' call. "Our focus in this period is, first and foremost, on building our local operating team. We expect that we will conclude one or more land transactions either on a joint development basis or otherwise in the course of this financial year, and hope to launch in the next financial year. But obviously, at this stage, the details are limited. We will provide a more detailed update once the first land transaction is concluded," Lodha said. Also Read: DLF's Rajiv Singh is the richest real estate developer, followed by Mangalprabhat Lodha and family: Grohe-Hurun India Location strategy for Delhi-NCR Responding to a question on which micro-markets Lodha Developers has zeroed in on for launching its first project in Delhi-NCR, he said that 'I think we are looking across the Delhi NCR to make sure that locations fit with our brand's premium positioning.' "At the same time, have attractive dynamics when it comes to supply-demand and also profitability for us. So, we are looking across the board, and we will be able to provide a little bit more specific detail once the first land transaction is concluded. I think at this stage it's just a directional thing that, yes, we expect to be entering the NCR in the next 12 months," Lodha said during the call. Also Read: Lodha versus Lodha: Real estate tycoons settle trademark dispute through mediation Lodha Developers' market share is expected to be more than double by the end of the decade in MMR, Pune and Bengaluru According to the investor presentation shared with the stock exchanges as part of the Q1FY26 quarterly financial results, Lodha Developers' market share will more than double in the Mumbai Metropolitan Region, Pune, and Bengaluru real estate markets by the end of the decade. The company said in the Mumbai Metropolitan Region, its market share as of FY24 is 10%, which is likely to go up to 20% by the end of the decade, followed by 15% in Pune from its existing 5%, and 12% in Bengaluru from 2% currently, the investor's presentation revealed. Also Read: Buying a property is better than renting one: Abhishek Lodha Q1FY26 results The company's sales bookings increased 10% during the April-June period of this fiscal year to ₹4,450 crore. The company's total income increased to ₹3,624.7 crore in Q1FY26 from ₹2,918.3 crore during the same time last year. Lodha Developers has delivered 110 million sq ft of real estate and is currently developing more than 130 million sq ft under its ongoing and planned portfolio.
