Eminent real estate business owners Abhishek Lodha and Abhinandan Lodha—commonly known as the Lodha brothers—have resolved all outstanding disputes between them and their groups. According to a joint statement, the resolution of the disputes between them came about “under the guidance of their parents”.
Abhishek Lodha heads Macrotech Developers (formerly known as the Lodha Group) while his younger brother, Abhinandan, owns the firm House of Abhinandan Lodha Estate Holdings (HoABL).
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While confirming the resolution of the disputes, both parties summarised the agreed terms as follows:
- Macrotech Developers Ltd (MDL) is the owner of brand names ‘Lodha’ and ‘Lodha Group’. It also has the exclusive right to use the brand names.
- Abhinandan Lodha is the owner of ‘House of Abhinandan Lodha’ (HoABL). He has the exclusive right to use the brand name.
- ‘Lodha Group’ and ‘House of Abhinandan Lodha’ have no connection with each other.
- Abhinandan has no rights or claims in Lodha Group or MDL or other businesses of Abhishek. Abhishek has no rights or claims in HoABL or other businesses of Abhinandan.
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The companies said that they would “widely” communicate the fact that they have no connection with each other, according to the joint statement.
Lodha brothers thank Justice (Retd.) RV Raveendran
Both Abhishek and Abhinandan expressed their heartfelt gratitude to Justice (Retd.) RV Raveendran, describing his his guidance in the mediation process as “invaluable”.
The family also thanked Justice Arif Doctor for encouraging them to follow the process of mediation.
Lodha family tahnks all family elders and well-wishers…
The Lodha family extended its sincere appreciation to all family elders and well-wishers “who provided their counsel and support throughout the resolution process”.
“The family conveys its thanks to the media for their understanding and respect for privacy during this time. No further statements will be made on the matter,” the statement noted.
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