Lodha Developers to receive ₹521 crore refund

Lodha Developers, a big real estate company, will get back ₹520.80 crore that they had to keep as a promise for a hotel deal.

The Supreme Court of India said they can have the money back, plus some extra interest.

This means Lodha Developers can now do what they want with the hotel's property.

The company also recently made a lot of money in the second part of the year, with their profits going up by 87%.

Their shares went down a little bit on the stock market, but overall, things are looking good for them.