Lodha’s New Cuffe Parade project. (Source: BloombergQuint)
A cash crunch and rising debt are not the only worries for the real estate company controlled by India’s richest property tycoon. The Lodha Group is trying to dispel fears that the quality of construction is so bad that people can punch through the walls.The concerns were fuelled by plasterboard or gypsum board. Used for partitions and lightweight walls, it’s not that prevalent in India. A few buyers of apartments in Lodha’s New Cuff...