Matribhumi Samachar English
The IPO is likely to be a fresh issue of approximately Rs. 800-Rs. 1000 crores.
Among the investors is an impressive list including Sara Ali Khan, Rakesh Roshan, Ektaa Kapoor, Jeetendra Kapoor, Tusshar Kapoor, Sajid Nadiadwala, Tiger Shroff, Manoj Bajpayee, Rajkumar Rao. Other well-known ACF investors includes Ashish Kacholia, Jagdish Master and DR Choksey.
Founded in 2003, by Anand Pandit, Lotus Developers has established a significant presence in Mumbai’s premium real estate segment by specializing in ultra –luxury residential and commercial development which also is the address of Bollywood stars and production houses.
The company operates through two primary models: redevelopment projects involving joint agreements with housing societies and office unit holders, and new projects through land acquisition. Over the years, Lotus Developers has expanded its footprint from Mumbai’s Western Suburbs to high-value micro-markets like Bandra, Nepean Sea Road, Prabhadevi, and Ghatkopar.
The Indian real estate sector has seen a resurgence in activity, particularly in the luxury and ultra-luxury segments, driven by robust demand from high-net-worth individuals, a rising preference for high-quality housing, and increased investor interest in premium commercial spaces. Analysts tracking the sector believe that developers like Lotus are well-positioned to capitalize on these trends
The investment by stars such as Amitabh Bachchan and Shah Rukh Khan sends a strong message about the viability and potential of the IPO. We reached out to Lotus Developers for a comment but no comment has been forthcoming.
In recent years, Lotus Developers has become the inevitable address for most of Bollywood’s A-listers and now with the biggest names investing in the IPO, it just showcases their level of trust. The company’s commitment to ultra-luxury residences and offices has resonated with a growing audience of HNIs. The IPO launch is set for March – April next year.
