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Realty firm Lodha Developers Ltd's net debt rose 15 per cent during October-December period to Rs 6,170 crore because of aggressive land acquisitions for business expansion. Lodha Developers, which sells properties under Lodha brand, is one of the leading real estate developers in the country. In its operational update, the company informed that its net debt stood at Rs 6,170 crore at the end of the third quarter of 2025-26 fiscal year. The net debt was Rs 5,370 crore as on September 30, 2025. "Despite the significant investment in business development in the first nine months of this fiscal, our net debt stood at Rs 61.7 billion, well below our ceiling of 0.5x net debt/equity," Lodha Developers said. During the latest December quarter, the company acquired 5 land parcels in Mumbai Metropolitan Region (MMR), Delhi-NCR and Bengaluru to develop projects. It acquires land parcels through outright purchases and partnerships with landowners to create strong pipeline of future ...
Realty firm Lodha Developers Ltd has acquired 5 land parcels in Mumbai, Delhi-NCR, and Bengaluru in the last quarter to develop projects, which have an estimated sales value of nearly Rs 34,000 crore. Mumbai-based Lodha Developers Ltd, which sells properties under the Lodha brand, acquires land parcels through outright purchases and partnerships with landowners to create a strong pipeline of future projects. According to the company's latest operational update on stock exchanges, Lodha Developers acquired five land parcels in the October-December period of the 2025-26 fiscal across Mumbai Metropolitan Region (MMR), Delhi-NCR, and Bengaluru. The company would develop real estate projects, primarily housing, on these land parcels. The total revenue potential of these five projects is estimated at Rs 33,800 crore. "In Q3, FY26, we added five projects with GDV (gross development value) of Rs 338 billion (Rs 33,800 crore) in MMR, NCR and Bengaluru," Lodha said in the update. The GDV i
New Consolidated Construction Company Ltd (NCCCL) has bagged a Rs 112.5 crore contract from realty firm Lodha Developers. In a statement on Monday, the company said it has received a Letter of Award from Lodha Developers Ltd for the construction of Tower 1 and associated non-tower ancillary structures at a residential development in Alibaug near Mumbai. "Awarded through a competitive bidding process, the mandate involves a total built-up area of approximately 7.26 lakh sq ft, with an estimated contract value of Rs 112.5 crore (exclusive of GST)," NCCCL said. Construction at the Alibaug site is expected to commence around mid-January 2026, with an estimated execution period of approximately 24 months. This is NCCCL's third contract with the Lodha Group, following the completion of a residential project at Palava spanning about 13 lakh sq ft across 11 towers, and a commercial building in Thane. Established in 1946, Mumbai-based NCCCL is an engineering and construction company. It ..