Explore Business Standard
Realty firm Lodha Developers Ltd plans to launch 15 housing projects worth Rs 14,000 crore in the second half of the current fiscal to expand its business. Mumbai-based Lodha Developers is one of the leading real estate companies in the country. It sells properties under Lodha brand. According to its latest investors' presentation, Lodha Developers plans to launch 10 million sq ft area for sales across 15 projects during the second half of the 2025-26 fiscal. These projects are located in the Mumbai Metropolitan Region (MMR), Pune and Bengaluru. During the first quarter of this fiscal, Lodha Developers had launched projects worth Rs 8,300 crore, while it launched projects valuing Rs 4,900 crore in the second quarter of the 2025-26. "Significant launches planned in H2 across cities, on track to meet our FY26 pre-sales guidance of Rs 21,000 crore," the presentation said. Lodha Developers' pre-sales or sales bookings rose 7 per cent to Rs 4,570 crore in the second quarter of this fi
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 ..
Investment management firm Invesco on Wednesday divested more than 2 crore shares of real estate firm Oberoi Realty and Lodha Developers for a total of Rs 3,202 crore through open market transactions. The US-based investment firm through its affiliate Invesco Developing Markets Fund offloaded a little over 1 crore equity shares or 2.95 per cent stake in Oberoi Realty, bulk deal data on the BSE showed. The company sold shares at Rs 1,754.26 apiece, taking the deal value to around Rs 1,883.21 crore. As of the June quarter, Invesco Developing Markets Fund owned a 3.01 per cent stake in Oberoi Realty. In a separate bulk deal on the NSE, Invesco Developing Markets Fund sold 95.25 lakh shares or nearly 1 per cent stake in Mumbai-based Lodha Developers. Shares were disposed of at Rs 1,384.93 apiece, taking the total value to Rs 1,319.24 crore. Meanwhile, SBI Mutual Fund bought 40.94 lakh shares or 1.13 per cent equity stake in Oberoi Realty for Rs 718.18 crore. The shares were acquired a
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
Lodha Developers Ltd has been directed to deposit Rs 520.80 crore as security in relation to an ongoing case in the Supreme Court against V Hotels Ltd, which the company acquired last year through an insolvency process. In a regulatory filing on Wednesday, Lodha Developers Ltd informed that this matter is related to proceedings initiated by the Enforcement Directorate (ED) against the erstwhile promoter of V Hotels Ltd (VHL). This was in relation to a transaction of Rs 520.80 crore, allegedly routed through VHL before the start of the insolvency process. Lodha expects that the matter will be heard expeditiously in the apex court and the deposit will be released. In April last year, Lodha Developers Ltd announced the takeover of VHL through the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code 2016. In the filing, the company said it acquired VHL in 2024 and paid the consideration to various creditors based on the approved resolution plan. The .
Within a month of reaching a truce with his elder sibling, Abhinandan Lodha on Tuesday launched a new identity for the holding company housing all of his businesses. The holding company has been rechristened as "Abhinadan Ventures" from "Lodha Ventures" earlier, as per a statement. It can be noted that last month, Abhinandan and his brother Abhishek, who runs Macrotech Developers, had reached an out-of-court truce over the usage of 'Lodha' in branding, under which the elder sibling was permitted to use the "Lodha" name. The statement issued by Abhinandan Ventures said the entity began operations in 2015 for incubating and accelerating high-growth, consumer-centric businesses, and has expanded into real estate, private equity, education, and emerging consumer opportunities. "While we continue to own the brand 'Lodha Ventures', with all our businesses being new age, tech-driven consumer-centric businesses, the new branding allows us to clearly communicate our innovation-first philoso
Realty firm Macrotech Developers' net debt fell by 7 per cent in the January-March quarter to nearly Rs 4,000 crore on strong housing sales and fund collections from customers. Macrotech Developers, which sells properties under the Lodha brand, is one of the leading real estate developers in the country. In its latest operational update, Macrotech Developers noted that the company's net debt reduced by Rs 320 crore during the January-March quarter to Rs 3,990 crore. The company's net debt stood at little over Rs 4,300 crore at the end of December 31, 2024. The reduction has been achieved despite significant investment in acquiring land parcels for future development. The company buys land outright and also partners with landowners to develop housing projects. Macrotech Developers' internal cash flow remained strong last fiscal year due to record sales bookings and healthy fund collections from customers. Macrotech Developers' sale bookings grew 21 per cent last financial year to
Realty firm Macrotech Developers Ltd on Wednesday alleged that House of Abhinandan Lodha (HoABL) has used "fabricated documents" to misuse the company's brand and registered trademark 'Lodha'. Abhishek Lodha led Macrotech Developers and the HoABL, formed by his younger brother Abhindan Lodha, are fighting a legal dispute over the use of the brand 'Lodha'. In January, Macrotech Developers filed a suit in the Bombay High Court against HoABL for infringement of its trademarks and sought appropriate injunctions, reliefs, and damages. Macrotech Developers, which sells properties under the 'Lodha' brand, is one of the leading real estate firms in the country, while the HoABL is into the development of residential plots across major cities. In a regulatory filing, Macrotech Developers said that the board has taken "serious cognizance of the conspiracy to use fabricated documents in order to misuse the company's goodwill, brand, and registered trademark." The Board has constituted a Speci