OUR PHILOSOPHY: HONOUR THE LEGAY & INNOVATE FOR FUTURE

Carrying forward the legacy from Jayantilal Lodha, Vikram Jayantilal Lodha, a prominent figure in both the Bombay Stock Exchange (BSE) and the real estate construction sector, is known for his astute investment strategies, as he has navigated the complexities of the stock market, making decisions that have yielded substantial returns. With a pivotal role in the construction business, Vikram Lodha has leveraged decades of experience and expertise to oversee various projects, and now under his stewardship, the Meghna Realty Group has expanded its portfolio to include residential, commercial, and mixed-use developments across key locations. Playing a strategic role in the growth journey of Meghna Realty group is its CEO, Dhaval Lapasia who brings extensive experience in sales, marketing, and high-growth strategies for premium residential projects. His role goes beyond strategy and operations—it’s about envisioning growth, building trust, and delivering long-term value. His focus is on building strong investor relationships, and fostering a culture of innovation and accountability, as the company accelerates quality-focused projects to create sustainable stakeholder and market value. In conversation with Sapna Srivastava about companies present and future roadmap, Vikram Lodha and Dhaval Lapasia share their insights on the industry trends, their own experiences and Megha Realty’s latest initiatives.

Q. You represent the second generation in real estate - how do you balance legacy with innovation at Meghna Realty?
Vikram Lodha: At Meghna Realty, legacy is not just history — it’s our strongest foundation. We have inherited values of trust, quality, and enduring relationships, and it is my responsibility to elevate them to new heights. As the second generation, I bring in innovation, technology, and sustainability — not as add-ons, but as transformative forces. Our philosophy is clear: honour the credibility of the past while architecting a future that speaks to modern aspirations and evolving lifestyles.

Q. Being a BSE-listed company, how do you ensure transparency and investor trust?
Vikram Lodha: Being a publicly listed company demands more than compliance — it demands uncompromising integrity. At Meghna Realty, we deliver this through transparent disclosures, robust governance, and consistent performance. Investor trust is earned daily, through ethical business practices, strong fundamentals, and a growth strategy that is both ambitious and sustainable. For us, governance is not a responsibility — it is our identity.

Q. Can you elaborate on the significance of ISO 9001:2015 and ISO 14001:2015 certifications for your customers?
Vikram Lodha: These certifications are not symbolic achievements — they are powerful commitments to our customers. ISO 9001:2015 underscores our pursuit of excellence in every process, ensuring that quality is never negotiable. ISO 14001:2015 affirms our responsibility toward a greener future, embedding sustainability into every development we undertake. For our customers, these certifications are more than assurance — they are a guarantee of credibility, quality, and conscientious development.

Q. Which micro-markets do you see as the strongest growth engines in the next 5 years?
Dhaval Lapasia: In Mumbai, growth is being redefined by connectivity and infrastructure transformation. Micro markets such as Andheri, Goregaon, Sion, Bandra, Versova, and Juhu stand out as epicentres of future demand, driven by the Metro, coastal road, and urban upgrades. Beyond Mumbai, select Tier-II cities, energized by rapid urbanization and evolving social infrastructure, are emerging as dynamic growth destinations. Our strategy is precise: invest in locations that promise liveability today and exponential value tomorrow.

Q. With a pipeline of approx. 10 lakh sq. ft. of upcoming projects, how do you plan to fund and phase these developments?
Dhaval Lapasia: Our pipeline is ambitious, but our approach is meticulously structured. Funding will be a disciplined mix of internal accruals, structured financing, and customer advances — all with the intent to maintain a prudent debt profile. Phasing is critical: we align execution with real market absorption, ensuring that each launch is financially resilient and strategically timed. This balance of ambition with financial prudence is what sustains long-term growth.

Q. What roles do joint ventures or partnerships play in Meghna Realty’s growth roadmap? Dhaval Lapasia: Partnerships are not just part of our growth model — they are a strategic advantage. Joint ventures give us access to scale, speed, and new geographies, while allowing us to blend our execution capabilities with local expertise. They reduce risk, unlock opportunities, and accelerate delivery. For customers, this means better homes; for investors, greater value. Going forward, joint ventures will remain a pivotal lever in Meghna Realty’s expansion strategy.


“At Meghna Realty, we have always believed in building trust before buildings. In a market as dynamic as Mumbai, credibility is our greatest currency. We stand out as a developer defined by quality, timely delivery, and transparency. This legacy, built painstakingly over the years, is the reason customers and stakeholders continue to place unwavering faith in us. Vikram Lodha”


“Legacy alone is not enough — we are redefining it for a new era. Today’s homebuyers seek more than four walls; they seek lifestyle, sustainability, and enduring value. That is where Meghna Realty is breaking new ground, through design innovation, cutting-edge technology, and environmentally conscious development. By fusing the reliability of yesterday with the aspirations of tomorrow, we are creating a truly differentiated space in one of the world’s most competitive real estate markets. Dhaval Lapasia”