Clarification3 Jul 2026, 05:40 pm
Lodha Developers Clarifies Palava Land Sale to Digital Edge
AI Summary
Lodha Developers Ltd has issued a clarification regarding a news item published in The Economic Times about the sale of 30 acres of land in Palava to Digital Edge for a data center. The company stated that land purchase or development is routine for its real estate business, and the transaction in question is one such ordinary course of business activity. This clarification aims to address any potential market speculation arising from the media report.
Key Highlights
- Lodha Developers clarifies a media report on land sale.
- The transaction involves 30 acres in Palava for a data center.
- Company states land deals are routine for its real estate business.
- The sale is presented as a normal business transaction.
Price Impact
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