Let there be truce: Realtors to Lodhas

PROMINENT REAL ESTATE developers and brand experts have called for an amicable resolution to the legal dispute between the Lodha brothers, Abhishek and Abhinandan, regarding the use of their family name in business.

- RAGHAVENDRA KAMATH

Abhishek Lodha's Macrotech Developers recently filed a petition in the Bombay High Court, accusing Abhinandan Lodha's firm of misusing the Lodha name to mislead customers.

Niranjan Hiranandani, founder of the Hiranandani Group, emphasised the importance of resolving such disputes through mediation or arbitration rather than litigation.

"Family disputes over business assets are not uncommon, and alternative resolution mechanisms can help avoid prolonged court battles," he said.

Hiranandani drew parallels to his own amicable settlement with his brother, which resulted in a $1 billion asset sale to Canadian investor Brookfield.

A similar view was expressed by a managing director of a Mumbai-based real estate firm.