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Lodha Group
Realty firm Lodha Developers Ltd has acquired one land parcel in the Mumbai Metropolitan Region (MMR) in the July-September quarter to develop a housing project worth Rs 2,300 crore as it looks to expand its business. With the acquisition of this land parcel, Lodha Developers has achieved the current fiscal target of acquiring multiple land parcels, which have the potential to generate revenue worth Rs 25,000 crore. In its latest operational update for the second quarter of 2025-26, Lodha Developers said, "In Q2 of FY26, we added one project with GDV (gross development value) of Rs 2,300 crore in MMR". It did not mention whether the land acquisition was an outright purchase or a joint development agreement with the landowner. In business development, Lodha Developers said, "We have achieved our full year guidance of Rs 25,000 crore in H1 itself and have a robust pipeline". In the first quarter of this fiscal, the company acquired five land parcels in the Mumbai region, Pune and ..
Realty firm House of Abhinandan Lodha is investing Rs 200 crore in an affordable housing project in suburban Naigaon, and looking at seven more sites to have similar developments in metropolitan Mumbai, a top company official said on Monday. HoABL chairman Abhinandan Lodha told reporters that it has started discussions on one of the sites, while the others are only identified ones. The seven sites include one near the upcoming Navi Mumbai International Airport, he added. "All these will be joint developments with people holding the land. We will look for over 20 lakh sq ft of development potential which will get delivered in about five years," the son of BJP leader Mangalprabhat Lodha who started this company in 2020, said. The Naigaon project, where it has partnered with Mittal Builders, is spread over 12 acres and will be built in two phases over the next five years, he said, adding that HoABL is investing Rs 200 crore in it. Lodha said his group which is also into plotted ...
Lodha Developers is targeting a six-fold jump in the annual rental income by 2030-31 to Rs 1,500 crore, which will cover almost the entire interest and salary cost of the company, its MD Abhishek Lodha said. After capturing a decent market share in the housing segment, Mumbai-based Lodha Developers intends to scale up its commercial real estate business. It is building office complexes, retail projects and industrial and warehousing parks, besides entering into facilities management. The company's annuity income, which includes rents from leased commercial assets, stood at Rs 250 crore in the last fiscal year. In a letter to shareholders, Lodha Developers MD and CEO Abhishek Lodha said the company now aims to have a reasonable annuity income portfolio over time. He said the "aim is to have Rs 15 billion (Rs 1,500 crore) annuity income by 2030 (FY31)". Abhishek noted that the targeted annuity income for 2030-31 would be enough to cover almost the entire interest and salary costs o
Realty firm Lodha Developers has acquired five land parcels in the Mumbai region, Pune and Bengaluru during the June quarter to develop housing projects with a total revenue potential of Rs 22,700 crore. In a regulatory filing on Monday, Lodha Developers said, "In April-June quarter of 2025-26, we added five new projects across the Mumbai Metropolitan Region, Pune and Bengaluru with GDV (gross development value) of Rs 22700 crore." The company did not mention whether these land parcels were acquired outright or whether it entered into a partnership with landowners. Lodha Developers, erstwhile Macrotech Developers, acquired 10 land parcels during the last fiscal year to develop housing projects with a total sales value of Rs 23,700 crore, as it seeks to expand business amid strong demand. Lodha Developers said it has achieved more than 90 per cent of its target to add Rs 25,000 crore worth of projects this fiscal. The company reported a 10 per cent growth in its sales bookings to