In a significant development within the Indian real estate sector, Abhishek Lodha, CEO of Macrotech Developers, and his brother Abhinandan Lodha, who heads House of Abhinandan Lodha (HoABL), have successfully settled their long-standing disputes. This resolution, guided by their parents, marks a new chapter for the Lodha family, ensuring a clear path forward for both businesses.
Resolution of Brand Disputes
The siblings had previously engaged in a conflict regarding the usage of the “Lodha” brand. However, they have now reached an amicable agreement that clearly delineates ownership rights:
- Macrotech Developers will retain exclusive rights to the ‘Lodha’ and ‘Lodha Group’ names.
- Abhinandan Lodha retains ownership and exclusive rights to the brand ‘House of Abhinandan Lodha (HoABL)’.
This resolution clearly states that Abhinandan will have no claims or rights to Lodha Group, Macrotech Developers, or any other enterprises operated by Abhishek, and vice versa.
Gratitude for Mediation Support
In a joint statement, both brothers expressed their profound gratitude to Hon’ble Justice R.V. Raveendran (Retd.), whose expert guidance played a crucial role in the mediation process. They also acknowledged Hon’ble Justice Arif Doctor for encouraging a resolution through mediation. The family extended their heartfelt thanks to all family elders and supporters who offered their wisdom and assistance throughout this journey.
This resolution not only paves the way for both companies to flourish independently but also reinforces the importance of family support in overcoming challenges within the business landscape. With this newfound clarity, both Abhishek and Abhinandan can now focus on their respective ventures, contributing significantly to the growth of the Indian real estate market.
