Lodha Developers Acquires 80% Stake in Pune-Based Solidrise Realty for ₹294 Crore
Lodha Developers Ltd, a prominent real estate company in India, has announced the acquisition of an 80% stake in Pune-based Solidrise Realty Pvt Ltd (SRPL) for ₹294 crore. This significant move is aimed at bolstering Lodha's presence in the Pune real estate market and expanding its portfolio.
In a regulatory filing, the Mumbai-based company confirmed the share purchase agreement to acquire 80% of Solidrise Realty. The cost of the acquisition is ₹294.07 crore. Following this deal, SRPL will become a subsidiary of Lodha Developers.
Lodha Developers has a track record of developing over 100 million square feet of real estate. The company operates under the Lodha brand and has a strong presence in key markets such as the Mumbai Metropolitan Region (MMR), Pune, and Bengaluru. Recently, it has also ventured into the Delhi-NCR residential market.
Financially, Lodha Developers reported a 1% growth in consolidated net profit to ₹956.9 crore in the third quarter of the fiscal year 2025-26, up from ₹944.4 crore in the corresponding period of the previous year. The company's total income surged to ₹4,775.4 crore in the October-December 2025 period, compared to ₹4,146.6 crore in the same period of the preceding year.
In addition to this acquisition, Lodha Developers has also made significant commitments to the state of Maharashtra. In January, the company signed an initial agreement with the Maharashtra government, pledging an additional ₹1 lakh crore to construct an expansive data center park. This follows a previous Memorandum of Understanding (MoU) worth ₹30,000 crore for data center development within the state.
The MoU was signed by Abhishek Lodha, the Managing Director and CEO of Lodha Developers, during the World Economic Forum in Davos. This new investment brings the firm’s total financial commitment to ₹1.3 lakh crore. The data center park, with a total investment of ₹1.3 lakh crore, is expected to create over 16,000 direct and indirect jobs.
The planned park, with a 2.5 gigawatt capacity, is designed to house numerous prominent domestic and international data center operators. Lodha Developers will serve as the primary developer, providing the necessary infrastructure for various players looking to establish their own data facilities.
Abhishek Lodha commented on the investment, stating, 'Over and above the ₹30,000 crore commitment last year to develop the data center park, we have signed another agreement with the government of Maharashtra to invest an additional ₹1 lakh crore. The state has already scaled newer heights under the leadership of Devendra Fadnavis, Chief Minister of Maharashtra.'
This strategic acquisition and investment highlight Lodha Developers' commitment to expanding its footprint in the real estate and technology sectors, reinforcing its position as a leading player in the Indian market.
