Lodha Group, announced the launch of its maiden investment fund for startups focused on smart city solutions and overall real estate sector.
Lodha Group’s Startup Investment Fund will invest in startups at all stages of the development cycle, including early stage startups, which are focused on creating value in the real estate and smart city space in India.
Launching the Startup Fund, Abhishek Lodha, Managing Director, Lodha Group said, “Our fund’s philosophy is in line with Hon’ble Prime Minister Mr. Narendra Modi’s three core campaigns – Startup India, Housing for All and Demonetisation. Real estate sector is unarguably an important sector for India’s economy being the 2nd largest employer in the country after agriculture. As India ushers in a new era on the back of pathbreaking policy changes such as demonetisation, RERA and GST, the sector too will reap its benefits in the long run. Demonetisation and decline in interest rates alongside the government’s new incentives for low cost housing will boost the overall growth of the real estate sector.
To aid this progress, our fund will address the prevailing inefficiencies in the sector with the use of technology and smart solutions. With the launch of the Startup Investment Fund, the company will bring significant expertise, knowledge and resources for the technology led solution providers which aim to serve the smart city and real estate space and enable the real estate sector to contribute in a bigger manner to our nation’s employment and economic growth.”