Mangal Prabhat Lodha
MLA, BJP, Malabar Hill, South MumbaiBirth DetailsDecember 18, 1955 | Jodhpur
NationalityIndian
LeaguePolitician
EducationB.Com, LLB, Jodhpur University
Net Worth$1.3 billion (As of March 01, 2021)
Mangal Prabhat Lodha's Assets:
Mangal Prabhat Lodha's Journey so far ...
Before you go ...
- Lodha Group
Mangal Prabhat Lodha's Journey so far ...
- Mangal Prabhat Lodha is a B.Com, LLB from the Jodhpur University and started practising law in 1979 after the completion of his course
- He left the profession after a few years to avoid any conflict following the appointment of his father, Guman Mal Lodha, as judge of the Rajasthan High Court
- In 1981, Lodha went to Mumbai and took up a job but he was interested in setting up his own business. Later that year he started the Lodha Group
- The group invested in developing real estate and under Lodha, the company started making affordable houses for the middle class in Mumbai's suburbs. Currently, 50% of the company's business comes from affordable housing
- In 2003, his sons Abhishek and Abhinandan joined the company and began to expand the family business rapidly by buying land parcels around Mumbai, Pune and Hyderabad
- Lodha then entered the commercial segment and luxury market and started making apartments and condominiums at prime locations in Mumbai. One of his famous projects is the Trump Tower, a 75-storey luxury skyscraper named 'The Park' in Mumbai
- In 2013 and early 2014, the group under Lodha made its first overseas acquisition and bought two properties in London, a building on Carey Street, and MacDonald House in Central London for Rs 4000 crore
- In 2015 there was a rejig in the group and Lodha divided the business into two and gave control to his sons
- Lodha has been active in politics throughout the years and represents the BJP. He is a six-time MLA from South Mumbai's Malabar Hill constituency. He was associated with the RSS and ABVP during his student life
- Lodha Developers was renamed Macrotech Developers in 2019
- Lodha and his family were ranked as the richest real estate developer in India by Hurun and GROHE India in 2019. Their combined wealth was Rs 31,960 crore
Before you go ...
- M P Lodha has been associated with various social activities under his NGO - Lodha foundation
Last Updated: 01/03/2021
Mangal Prabhat Lodha News
- As Mangal Prabhat Lodha demands KEM hospital renaming, Sanjay Raut asks minister to drop Trump word from his projectShiv Sena leader Sanjay Raut has responded to a BJP minister's demand to rename KEM Hospital. Raut suggested the minister should also remove 'Trump' from his real estate project. This comes after the minister called for removing the British colonial link from the hospital's name. Raut pointed out that the US President has imposed tariffs on India.
- ‘Shouldn't Trump be removed too?’: Sanjay Raut challenges Mangal Prabhat Lodha on Worli Trump TowerShiv Sena leader Sanjay Raut has questioned Maharashtra Minister Mangal Prabhat Lodha's views on foreign names. Raut pointed out that Lodha, who wants to remove 'King Edward' from KEM Hospital, is involved with the Lodha Trump Tower. Raut also spoke about leaders being bought and sold in politics. He described the current political scene as a 'slave market'.
- Gautam Adani's realty fortune dips 7% to Rs 52,320 cr: ReportGautam Adani's realty wealth decreased by 7% to Rs 52,320 crore, positioning him as the third wealthiest in the sector, according to a recent report. Despite this, Adani is projected to become the wealthiest in the next five years, aiming to surpass DLF's Rajiv Singh, who currently leads with Rs 1.27 lakh crore.
- Lodha vs Lodha: A mother's plea to end the ₹5,000 crore family feud over a nameThe ongoing trademark dispute between Abhishek and Abhinandan Lodha has seen their mother, Manju Lodha, intervene by urging adherence to a 2017 family agreement. Assigned mediator, former Supreme Court Justice R.V. Raveendran, seeks to resolve the conflict over the 'Lodha' trademark usage.
- Bitter feud over 'Lodha' trademark ends; brothers Abhishek, Abhinandan agree to find middle ground after court prodThe feuding Lodha brothers, Abhishek and Abhinandan, have agreed to mediate their trademark dispute after the Bombay High Court's directives on January 31. The court appointed former Supreme Court Justice R V Raveendran as mediator, aiming for resolution within five weeks.
- Bombay HC to hear Abhishek Lodha's plea seeking to restrain brother from using 'Lodha' name on Jan 27The Bombay High Court will hear Macrotech Developers Ltd's application on January 27, seeking an injunction against Abhinandan Lodha's use of the 'Lodha' trademark for his real estate firm. The dispute arises from a fight between brothers Abhishek and Abhinandan, with Macrotech claiming exclusive rights to the 'Lodha' name, alleging significant brand building and investment.
- EOW must probe BMC road contracts under Shinde govt, says Aaditya ThackerayAaditya Thackeray called for an EOW investigation into BMC road contract awards under the former Shinde government. He opposed the proposed waste collection fee. Thackeray cited potential irregularities during Shinde's tenure as CM. He also criticized the BMC's plan to charge per flat for garbage pickup. Thackeray previously held power in the BMC.
- Meet ultra rich Mumbai MLAs who own real estate empires, assets worth Rs 100-crore-plus, and moreParag Shah, a former BJP MLA from Mumbai, has seen his wealth increase by a staggering 500% since 2019, reaching over Rs 3,400 crore. He leads a pack of wealthy politicians in the city, with several others possessing assets exceeding Rs 100 crore.
- VP Dhankhar inaugurates 'Constitution Temples' at ITIs in MaharashtraVice President Jagdeep Dhankhar inaugurated 'Constitution Temples' at vocational training centres in 434 Industrial Training Institutes (ITIs) across Maharashtra. The event, held in Mumbai, was organized by the Maharashtra Skill, Employment, Entrepreneurship, and Innovation Department. Maharashtra Governor C P Radhakrishnan and Union Minister Ramdas Athawale attended. Dhankhar also visited Lalbaugcha Raja Ganesh pandal and Maharashtra Chief Minister Eknath Shinde's residence during his two-day visit.
- DLF chairman Rajiv Singh leads wealth rankings in 2024 GROHE-Hurun report on India's real estate titansThe 2024 GROHE-Hurun report unveils India's top real estate entrepreneurs and companies, highlighting significant wealth increases and company valuations. DLF Chairman Rajiv Singh leads with Rs 1,24,420 crore, followed by Mangal Prabhat Lodha of Macrotech Developers and Gautam Adani of Adani Realty. The report, based on May 31, 2024, data, also ranks DLF as the top-valued company at Rs 2 lakh crore, with Macrotech Developers and IHCL securing high valuations in the real estate sector.
- Mumbai: 7 days on, strike called off by drivers of private operators hired by BESTPrivate bus operators' strike in BEST has been called off after Maharashtra Chief Minister Eknath Shinde assured the employees of fulfilling their demands, including a salary hike. The agitating contractual staffers had gone on strike for seven days, with 551 out of 1,600 buses leased by BEST taken off roads.
- Maharashtra minister proposes use of word 'Ganga Bhagirathi' to refer to widows, Congress slams himMaharashtra Women and Child Development Minister Mangal Prabhat Lodha has suggested using the term "Ganga Bhagirathi" to describe widows, saying it will offer them respect. While supporters say the idea is in line with the phrase "divyang" used to refer to individuals with disabilities, which has given such people greater respect, critics have said that it is a distraction from the main issue of ensuring social safety for women.
- BJP leaders stage protest in Mumbai against Rahul Gandhi for 'insulting' OBCsThe BJP hit the streets when the Congress is also staging protests after Gandhi was disqualified as a Lok Sabha member on Friday following his conviction by a court in Surat for his Modi surname remark. Prime Minister Narendra Modi hails from the OBC community.
- Maharashtra to hike remuneration of anganwadi workers by 10-20 per centThe state women and child welfare minister also said vacant anganwadi posts would be filled soon, while new mobile phones have been bought by his department that will have the 'track app' to streamline operations.
- Maharashtra government invites private sector participation in skill development"In India, we have around 4-5% skilled workforce while in developed countries this number goes up to 40%. We have to put in a lot of effort to reach that level," Lodha said, speaking at the ET Now Leaders of Tomorrow Awards event on Wednesday.
- 'Modi' remark row: Mumbai BJP chief, party workers booked for holding protest near MantralayaDuring the protest, police took Lodha and others into custody and they were taken to the Marine Drive police station later, he said, adding they were booked under section 188 (disobedience to order duly promulgated by public servant) of the Indian Penal Code (IPC).
- Macrotech Developers to list on bourses on MondayThe Mumbai-based company launched its IPO on April 7 to raise Rs 2,500 crore through fresh issue of shares. The issue, which had a price band of Rs 483-486 per share, closed on April 9.
- Lodha Developers may hit capital market on Apr 7 with Rs 2,500 cr IPOMumbai-based Lodha Developers Ltd, which has been renamed Macrotech Developers, filed the draft red herring prospectus (DRHP) with the Securities Exchange Board of India (Sebi) last month.
- Top 100 Indian realty developers’ total wealth grew 26% in 2020 to $46 billion: ReportMangal Prabhat Lodha & Family, promoters of Macrotech Developers retained the top spot for the fourth successive year with a wealth of Rs 44,270 crores, up 39% from a year ago. Lodha Group had the highest revenue from operations among all the real estate developers in India during the pandemic hit year 2020.
- Mangal Prabhat Lodha is richest Indian property tycoon with $3.8 billion wealthMangal Prabhat Lodha’s wealth is estimated at $3.8 bn, as per the GROHE Hurun India Real Estate Rich List.
- When it comes to real estate rich club, China is way ahead of IndiaDLF's KP Singh, worth Rs 23,460 cr, tops India's realty rich list.
- Demolish Jinnah House and build cultural centre there: BJP MLA Mangal Prabhat LodhaLodha said after the Parliament passed the Enemy Property Act, Jinnah House was the property of the Indian government. "Demolishing the property is the only option," he said.
- Action under MCOCA possible against NCP MLA Jitendra Awhad, says CM Devendra FadanvisFadanvis did not rule out the possibility of invoking MCOCA against Jitendra Awhad, whose name has cropped up in the suicide case of builder Suraj Parmar.
- In poll season, parties unite to lobby for Campa Cola residentsA sense of uncertainty and doom hung over up-market Worli’s residential Campa Cola Compound on Monday, a day ahead of the eviction deadline.
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