The Lodha Group, a Mumbai-based real estate player, has awarded a long-term IT transformation contract to Wipro Infotech, a provider of IT and business transformation services. The ten year long contract is valued at Rs 132 cr.

Lodha Group is currently developing multiple projects in and around Mumbai and also establishing its footprint in other southern and western markets. With its focus on development of offices, campuses, SEZs and townships, the group has embarked on an aggressive growth path to consolidate its position in the real estate market. The company intends to leverage IT to keep pace with the growth and emerge as a customer-centric organisation.

To realise this vision, Wipro will bring in global best practices to Lodha's IT functions. The services will ensure flexibility to respond faster to business scenario changes making IT a true business enabler for the Group.

Abhisheck Lodha, director, Lodha Group said, "We have finalised Wipro Infotech as our preferred technology partner. We have been on an aggressive growth path and are excited about this partnership, which will transform all our technology systems and processes to keep pace with our growth. This partnership will also strengthen our approach of being a more customer-focused organisation".

Anand Sankaran, chief executive, Wipro Infotech, said, "To keep pace with the remarkable growth that the real estate sector in India is witnessing, an organisation needs to be agile and innovative and IT can be a key enabler in achieving this. We are very pleased to partner with the Lodha Group and are committed to deliver value at every point in the ten-year deal cycle. We at Wipro are confident that this partnership will benefit the Lodha Group immensely and help the company achieve a leadership position."