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Sri Lotus Developers and Realty Ltd, incorporated in 2015, is a Mumbai-based luxury and ultra-luxury real estate developer. Operating under an asset-light model, it focuses on redevelopment projects in the western suburbs, with its Lotus Developers brand enjoying a 22% pricing premium in the Juhu micro-market.
Sri Lotus Developers and Realty Limited has informed the Exchange that pursuant to Regulation 36(1)(b) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, the Company has sent a letter to those shareholders whose e-mail addresses are not registered with Company/ Depository Participants / KFin Technologies Limited - Registrar...
Sri Lotus Developers' subsidiary secured a prestigious residential re-development project in Mumbai's Lokhandwala. This move is set to strengthen its luxury real estate presence and enhance long-term stakeholder value.
Sri Lotus Developers clarified it filed an appeal against a State Tax order, correcting an earlier announcement that mistakenly referred to it as a writ petition.
Sri Lotus Developers secured a residential redevelopment project at Shivaji Park Beach Front, Dadar, with an estimated Gross Development Value (GDV) of 550 Cr. This project encompasses 44,000 sq. ft. of saleable area, strengthening the company's presence in high-value micro-markets.
Lotus Developers received a GST demand order for ₹98.71 Cr (tax, interest, penalty). The company has challenged this by filing a writ petition. While stating no material financial impact, it paid the tax component under protest.