Brexit might have occurred just as Lodha Group — one of India's largest property developers — was expanding its presence in London, but the company hasn't taken too much of a hit, Managing Director Abhishek Lodha said.
"(T)he immediate aftermath of Brexit was concerning, but I think since then, things have actually been quite good," Lodha told CNBC's "Managing Asia."
While the majority of the company's projects are located in Mumbai, Pune and Hyderabad in India, the Lodha Group branched into the residential market in London in 2013. It currently has two projects in the city, including its luxury residential development Lincoln Square.
"We are a business which likes scale ... And we felt that the scale of Mumbai cannot be replicated anywhere else in India and therefore one had to look outside," Lodha said, adding that the company honed in on London due to its potential.
"(W)e felt it was a market which has sizable scale, had an absence of very large-scale developers and where one could do high quality development. The price points were there to support the high quality of development."