Germany's Deutsche Bank has gained Rs 9 billion after exiting from a four-year investment

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in Mumbai-based builders Lodha Developers, the Indian company said.

Deutsche Bank was paid Rs 25.42 billion, 55 percent more than its investment of Rs 16.4 billion in late 2007, it said on Thursday.

A spokesman for Deutsche Bank in Mumbai declined comment.

Lodha funded Rs 17.2 billion of the repayment from cash generated through sales of residential units in its projects across Mumbai, including in its flagship 117-storey World One, which is expected to become the world's tallest residential tower.

The remainder was funded through issue of bonds.

The company's debt has dropped by Rs 10 billion to Rs 30 billion after the repayment to Deutsche Bank, Managing Director Abhisheck Lodha said.