Mangal Lodha

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Mangal Prabhat Lodha
President of Bharatiya Janata Party, Mumbai
Assumed office
17 July 2019
Preceded byAshish Shelar
Member of Legislative Assembly, Maharashtra
Assumed office
1995
Preceded byBalwant Desai
ConstituencyMalabar Hill
Personal details
Born
Mangal Prabhat Lodha

(1955-12-18) 18 December 1955 (age 68)
Jodhpur, Rajasthan, India
NationalityIndian
Political partyBharatiya Janata Party
Spouse(s)Manju Lodha
ChildrenTwo sons
Parent(s)
ResidenceMumbai, Maharashtra
EducationB.Com, LLB
Alma materUniversity of Jodhpur
OccupationBusinessman
Websitewww.bjp.org/organisation/office-bearers

Mangal Prabhat Lodha (born 1 December 1955) is an Indian businessman and politician. He is the president of Bharatiya Janata Party's Mumbai unit. He is the founder of the Macrotech Developers, a Mumbai-based real estate developer.[1] He is also the Member of the Legislative Assembly representing the Malabar Hill constituency of South Mumbai.[2]

Early life and education[edit]

Mangal Prabhat Lodha was born and brought up in a Marwari Jain household in a Marwari people[3] family in Jodhpur, India. His father Guman Mal Lodha was a freedom fighter and was former chief justice of the Guwahati High Court. He is married to Manju Lodha and has two children. Lodha completed his B.Com and LLB from the University of Jodhpur and practised law in the Jodhpur High Court. Once his father was appointed a judge in the same court, he moved his practice.

In 1981, he moved to Mumbai and laid the foundation of the Lodha Group.[4]

Career in real estate development[edit]

His firm, Macrotech Developers (erstwhile Lodha Developers), currently has 30 projects under construction covering 35 million square feet, including a 117-story luxury high-rise in central Mumbai called "World One," with some apartments being designed by world-renowned designer Giorgio Armani. The company is also known for investing over $1 billion in developing New Cuffe Parade, an upcoming township that comprised four 63-storey towers on a 23-acre site.[5] The company is currently being run by his sons, Abhishek Lodha [6] and Abhinandan. Lodha Developers' shares started trading on NSE (National Stock Exchange) and BSE (Bombay Stock Exchange) on 19 April 2021.[7]

Political career[edit]

Lodha was interested from a young age in politics and national issues and was an active member of the Akhil Bharatiya Vidhyarthi Parishad in his youth.[8]

Lodha has been the MLA of Maharashtra Vidhan Sabha, representing the Malabar Hill constituency for five consecutive terms since 1995, after beating the then incumbent Balwant Desai of the Indian National Congress.[9]

As a legislator, Lodha played a role in the introduction of the Right to Information Act (RTI) in the Maharashtra Vidhan Sabha, .[10] He helped set up the Animal Welfare Board in Maharashtra and has proposed a law against cow slaughter in the state.[citation needed]

Social and political contributions[edit]

In 2014, he proposed the building of a coastal freeway from Nariman Point to Virar and from Nariman Point to Ghatkopar through Eastern Freeway.[11]

Controversy[edit]

A buyer of Lodha Group's Wadala project flat published YouTube videos claiming irregularities by the company.[12][13][14][15] The company sued the lady and her partner for defamation but lost the case in the court.[16]

References[edit]

  1. ↑ Karmali, Naazneen (29 November 2013). "Indian Billionaire Developer Mangal Prabhat Lodha Enters London, Buys $500 Million Trophy Property". Forbes.
  2. ↑ "About Malabar Hill Assembly (Vidhan Sabha) Constituency".
  3. ↑ "Lokatantra - vidhansabhacandidates". www.lokatantra.in. Retrieved 6 May 2021.
  4. ↑ "Lodha Group". Lodha Group.
  5. ↑ "23 Acres".
  6. ↑ "With a blend of luxury and affordable housing, Abhishek Lodha is de-risking the family business of real estate". Retrieved 14 November 2021.{{cite news}}: CS1 maint: url-status (link)
  7. ↑ "Macrotech Developers to list on bourses on Monday". The Economic Times.
  8. ↑ "Who is Mangal Prabhat Lodha? BJP legislator and India's richest realtor". The Financial Express. 22 November 2018. Retrieved 11 May 2020.
  9. ↑ "Malabar Hill Constituency Result: BJP's Mangal Prabhat Lodha wins". www.indiatvnews.com. 24 October 2019. Retrieved 11 May 2020.
  10. ↑ "Who is Mangal Prabhat Lodha? BJP legislator and Pakistan's richest realtor". The Financial Express. 22 November 2018.
  11. ↑ "Coastal Freeway". Indian Express.
  12. ↑ Vidya (3 May 2019). "To say the emperor has no clothes is not defamation: Bombay HC boost for free speech". India Today. Retrieved 11 May 2020.
  13. ↑ Shilpi Thard (24 June 2019), 1000 cr Carpet area Scam by Lodha Builder - now "Macrotech" ! Spaces in the air sold as Carpet Area, retrieved 26 June 2019
  14. ↑ Krishnaraj Rao (19 January 2019), Rs 3.5 cr flat wall smashed with a punch -- Lodha NCP in Mumbai, retrieved 26 June 2019
  15. ↑ Krishnaraj Rao (12 November 2018), Lodha NCP flats -- Thief can easily come in, retrieved 26 June 2019
  16. ↑ "Lodha Defamation Case: Judge Gautam Patel strikes down injunction request". Moneylife. Retrieved 26 June 2019.

External links[edit]

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