Background - Lodha Dwellers Pvt Ltd (LDPL) was established in 2005 and is a 100% subsidiary of Lodha Developers. It has four directors: Mr. Mangal Prabhat Lodha, Mr. Abhisheck Lodha, Mr. Abhinandan Lodha and Mr. Rajendra Lodha. Lodha Dwellers is a special purpose vehicle through which four projects are currently being executed, namely, Casa Rio, Casa Bella, Casa Bella Gold and Golf Links. The Company has equity share capital of ` 25 lakhs (of which there are ` 24 lakhs worth of 7.2 % Redeemable Cumulative Preference Shares).
Currently the debt outstanding on Lodha Dwellers is ` 675 crores of which ` 235 crores is secured loan and ` 440 Cr is unsecured loan (from group companies).